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

Barclays raised the firm’s price target on GoDaddy to $150 from $130 and keeps an Overweight rating on the shares. The company’s Q1 revenue came in ahead of estimates and above the the high-end of guidance for the first time since Q1 of 2022, the analyst tells investors in a research note. The firm says GoDaddy may be taking a more conservative approach on its Q2 outlook just as top-line momentum builds.