GDDY Stock Recent News

TEMPE, Ariz., July 8, 2024 /PRNewswire/ -- GoDaddy Inc. (NYSE: GDDY) will release financial results for the second quarter of 2024 on Thursday, August 1, 2024, after the U.S. stock market closes.

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GoDaddy's transition to focus on e-commerce capabilities with AI, from just selling domains and web hosting, has reinvigorated growth. Company is on track to achieve financial targets for revenue growth, margin expansion, and free cash flow. Valuations suggest strong upside potential for investors, despite competition and potential risks in the market.

GoDaddy is quietly building a strong business, highlighted by growth across the top- and bottom lines. As the U.S. economy continues to add jobs in a post-COVID environment, I see GoDaddy as a major beneficiary.

TEMPE, Ariz. , June 27, 2024 /PRNewswire/ -- The board of directors of GoDaddy Inc. (NYSE: GDDY) unanimously elected Graham Smith as a new independent director effective June 26, 2024.

I believe GoDaddy Inc.'s valuation at approximately 15x forward free cash flow offers a positive risk-reward opportunity. Despite carrying over $3 billion in net debt, GoDaddy's strategic initiatives and product innovations position it well for future growth. The company's focus on enhancing customer experiences and simplifying tasks for entrepreneurs drives strong performance, particularly in the Applications and Commerce segment.

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GoDaddy's free cash flow is soaring as its customers adopt more products and services. Nice's customers are transitioning to the cloud, which is a higher-margin revenue source.

Web hosting, e-commerce, and applications provider GoDaddy Inc. NYSE: GDDY stock recently hit all-time highs in anticipation of being added to the S&P 500 index on June 24, 2024. The company has added artificial intelligence (AI) tools under AiRO, which can automate website design and functionality in a frictionless, user-friendly manner.

GoDaddy (NYSE: GDDY ) stock is a hot topic on Monday as investors learn that the company is going to join the S&P 500 later this month. Shares of GDDY stock are set to join the S&P 500 on June 24, 2024.