B. Riley analyst Naved Khan raised the firm’s price target on GoDaddy to $142 from $124 and keeps a Buy rating on the shares. Management updated guidance included 6%-8% annual revenue growth for 2024-2026, a FY26 NEBITDA margin of 33%, and $4.5B in cumulative free cash flow through 2026 with a 20%+ compound annual growth rate in free cash flow per share, the analyst tells investors in a research note. The firm now expects $4.84B/$5.18B in revenue for 2024/2025 and $1.509B/$1.696B in EBITDA for the same period.
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