GoDaddy price target raised to $110 from $105 at Baird

Baird analyst Vikram Kesavabhotla raised the firm’s price target on GoDaddy to $110 from $105 and keeps an Outperform rating on the shares. The firm said while sentiment has started to inflect positively, they think there is still meaningful runway ahead for valuation expansion as investors gain comfort with the broader fundamental outlook for the business.