GoDaddy price target raised to $136 from $128 at JPMorgan

JPMorgan raised the firm’s price target on GoDaddy to $136 from $128 and keeps an Overweight rating on the shares. The analyst says the awaited roll out of GoDaddy’s artificial intelliotence product called Airo to the existing customer base began more than a week earlier than initially expected. The firm sees Airo as a “powerful, AI-enabled tool to get new customers up and running faster.” Airo’s ability to reduce “roadblocks” for user engagement makes GoDaddy’s user experience perhaps the most seamless among those available on the market today for solo-creators, the analyst tells investors in a research note. JPMorgan sees upside potential to the company’s fiscal 2024 outlook.