GoDaddy price target raised to $95 from $86 at Citi

Citi analyst Ygal Arounian raised the firm’s price target on GoDaddy to $95 from $86 and keeps a Buy rating on the shares. The company reported Q3 revenue slightly ahead, but EBITDA margins well ahead of expectations, the analyst tells investors in a research note. The firm views the quality of the drivers as high, and more importantly the margin expansion expectations further reinforcing GoDaddy’s opportunity to leverage its investments to a better free cash flow margin profile.