GoDaddy price target raised to $100 from $95 at Barclays

Barclays analyst Trevor Young raised the firm’s price target on GoDaddy to $100 from $95 and keeps an Overweight rating on the shares. The company’s Q3 revenue were in-line but margins were well ahead as cost savings were pulled forward, the analyst tells investors in a research note. The firm says GoDaddy’s domains bookings growth of 8% bodes well for the core platform turning a corner, especially as the hosting/aftermarket stabilizes.