Benchmark analyst Mark Zgutowicz raised the firm’s price target on GoDaddy to $150 from $125 and keeps a Buy rating on the shares as the firm says the company’s FY24 outlook and commentary provided further assurance of tech and development spend rationalization. The firm looks forward to GoDaddy’s March investor day, where it expects Airo product attach rate will provide meaningful insight into the ARPU trajectory, the analyst tells investors.
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