B. Riley raised the firm’s price target on GoDaddy to $170 from $143 and keeps a Buy rating on the shares. GoDaddy remains an early-stage beneficiary of tailwinds from the deployment of GenAI in both the customer-facing offering as well as across the company’s internal operations, and B. Riley sees scope for sustained top-line growth powered by strength in the A&C segment, along with steady margin expansion from both scale and operational efficiencies, the analyst tells investors in a research note.
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