GoDaddy price target raised to $115 from $107 at B. Riley

B. Riley raised the firm’s price target on GoDaddy to $115 from $107 and keeps a Buy rating on the shares. The analyst is incrementally bullish on GoDaddy after attending the company’s investor event. GoDaddy’s generative artificial intelligence tool is aimed at driving higher attach for its suite of digital solutions, the analyst tells investors in a research note. While no specific metrics on gains in product attach rate were shared, management noted that early results have been encouraging, says the firm.