GoDaddy’s Rating Raised as Piper Sandler Sees Positive Growth Potential

GoDaddy (GDDY) upgraded to Overweight as Piper Sandler sees growth potential

In a recent research note to clients covering commerce tech, analysts at Piper Sandler upgraded shares of GoDaddy (NYSE: GDDY) from Neutral to Overweight. Along with this upgrade, they raised their price target for the stock to $121 from $100 per share. This positive rating comes as the analysts identify an opportunity for positive growth revisions in the company.