GoDaddy stock rating reiterated at Buy by Benchmark with $250 target

Investing.com - Benchmark has reiterated its Buy rating on GoDaddy Inc (NYSE:GDDY) with a price target of $250.00, following the company’s second-quarter results. Currently trading at $138.19, significantly below analyst targets ranging from $150 to $250, InvestingPro analysis suggests the stock is undervalued.

The web hosting and domain registrar’s second-quarter results and outlook confirmed expectations of second-half Applications & Commerce bookings acceleration, after remaining relatively flat quarter-over-quarter on a two-year stack basis in the second quarter.

Benchmark noted that GoDaddy emphasized its plans to broaden its focus to include coding and agentic capabilities while extending its Managed Cloud Platform connectivity, developments expected to complement the company’s upmarket expansion efforts.

GoDaddy anticipates a "stepfunction opportunity" in the agentic space and plans to provide more detailed product information during its upcoming Investor Event this fall.

The research firm highlighted an underappreciated aspect of GoDaddy’s competitive advantage: first-party data capture from domains, which despite the low-single-digit percentage growth in that product line, serves as an indirect catalyst for agentic improvement. InvestingPro subscribers can access 12+ additional exclusive tips about GDDY’s performance and comprehensive valuation analysis in our Pro Research Report.

In other recent news, GoDaddy Inc. reported its second-quarter 2025 earnings, revealing an earnings per share (EPS) of $1.41, which slightly surpassed analysts’ forecast of $1.38. Despite the EPS beat, the company’s revenue aligned with expectations, totaling $1.21 billion. In another development, Piper Sandler upgraded GoDaddy’s stock rating from Neutral to Overweight. The research firm also raised the price target to $182.00 from $177.00. Piper Sandler’s upgrade comes after the company’s shares experienced a 32% decline since its fourth-quarter earnings report. The firm noted that GoDaddy remains "a remarkably consistent business" despite the share retreat. These updates reflect recent developments surrounding GoDaddy.

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