On July 28, GoDaddy rose 5.28% in regular trading, trading at $98.005/share, with turnover of $43.43 million. The rally was driven by the approaching Q2 earnings release scheduled for July 30 after market close, combined with broadly bullish institutional expectations.
Market consensus projects quarterly revenue growth of 7.22% year-over-year, with adjusted EPS estimated at $1.72. Last quarter, the company reported revenue of $1.267 billion, up 6.08% year-over-year, while adjusted EPS of $1.60 beat consensus estimates by approximately 5.26%, reflecting continued operating leverage improvement. JPMorgan maintains an Overweight rating with a $124 price target, while the average analyst rating remains Overweight with a mean target of $112.14.
Additionally, the broader Internet Services and Infrastructure sector showed relative strength, with Shopify gaining 9.78% on the same session, providing positive sector-level support for GoDaddy shares.
(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.)