Movement Alert｜GoDaddy Intraday Rise 6.14% in Regular Trading, Q3 Earnings Beat and Price Target Increase Supported Shares

Market Focus10-31 00:17

On October 31, GoDaddy rose 6.14% in Regular Trading, trading at $112.29 per share, with turnover of $85.564 million.

The clearest catalyst in available market updates was a combination of stronger-than-expected third-quarter results and a same-day price-target increase by Evercore ISI.

GoDaddy reported Q3 diluted EPS of $2.08, up from $1.51 a year earlier and above consensus expectations of $1.90, while revenue rose to $1.34 billion from $1.27 billion and also modestly exceeded forecasts. For full-year revenue, the company guided to $5.22 billion to $5.26 billion, described toward the higher end of its prior range and broadly in line with consensus near $5.24 billion.

Later on October 30, Evercore ISI raised its price target on GoDaddy to $105 from $85. That target revision followed earlier mixed sentiment from other firms this quarter, making the post-earnings estimate change a notable incremental support for the stock’s move.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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