Professional
Added to YB: 2024-03-15
Pitch date: 2024-03-15
GDDY [bullish]
GoDaddy Inc.
+6.37%
current return
Author Info
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Company Info
GoDaddy Inc. engages in the design and development of cloud-based products in the United States and internationally.
Market Cap
$17.5B
Pitch Price
$117.33
Price Target
200.00 (+60%)
Dividend
N/A
EV/EBITDA
16.38
P/E
22.37
EV/Sales
4.19
Sector
IT Services
Category
growth
Show full summary:
Starboard Value Portfolio Holding: GoDaddy Inc. - $GDDY
GDDY: Starboard (6% owner) sees path to $200 with growth + profitability focus. Wants 40%+ growth + margins by '25, detailed KPIs at Mar '24 investor day. Projects $9 FCF/share in '24, $14 in '26 (12x and 8x current price). Urges continued buybacks with $4B FCF over 3 yrs (30% of mkt cap).
Read full article (4 min)