GoDaddy price target raised to $150 from $130 at Baird

Baird raised the firm’s price target on GoDaddy to $150 from $130 and keeps an Outperform rating on the shares. The firm met with management and came away believing the company is still in the early innings of a significant evolution, and much of the opportunity remains ahead of the shares. From here, they think the company is well-positioned versus its three-year outlook, has a variety of potential upside drivers, and trades at an attractive valuation.