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How to Buy Godaddy Stock

Godaddy Inc

Godaddy is a software infrastructure company located in Arizona, United States, which is part of the Technology sector, and is traded under the ticker GDDY on the NYSE exchange.

Godaddy stock last closed at $177.84, up 0.3% from the previous day, and has increased 103.87% in one year. It has overperformed other stocks in the Software - Infrastructure industry by 1.2 percentage points. Godaddy stock is currently +104.04% from its 52-week low of $87.16, and -0.25% from its 52-week high of $178.28.

At the moment, there are 140.39M shares of GDDY outstanding. The market value of GDDY is $24.97B. In the last 24 hours, 849,636 GDDY shares were traded.

How to Buy Godaddy Stock

Wondering how to invest in Godaddy stock? Here's how.
  1. Decide where to buy Godaddy stock: You need to pick an online brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you figure out where to buy Godaddy stock.
  2. Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Put funds into your brokerage account: Pick your method of payment and add your information.
  4. Research Godaddy stock: The Godaddy ticker symbol is GDDY. Is Godaddy stock a good investment? Should you buy shares of GDDY? How do GDDY's underlying business fundamentals look? Do top analysts think Godaddy is a good buy? Why has GDDY's stock price moved recently? (Hint: Our stock market analysis tools can help you figure out if GDDY is a good stock to buy).
  5. Execute your GDDY buy order: Decide if you will purchase GDDY shares at the current market price or use a limit order to purchase GDDY stock at a specific price.
  6. Get key alerts regarding your investment in GDDY: Create a watchlist to get the latest news on your new investment in Godaddy shares.

Step 1: Decide where to buy Godaddy stock

You will need a brokerage account to access the NYSE market and buy GDDY shares.

A brokerage account enables you to buy and sell a number of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Create your brokerage account

Now that you've picked the best brokerage, you'll need to fill out some personal details so you can buy GDDY today.

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  1. Submit your data by hitting the "Create Account" button.
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Step 3: Put funds into your brokerage account

Now that you have finished signing up on the best investment app, you can securely and quickly fund your account:

Watch the walkthrough below to see the process of transferring money into your new investment account.

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Step 4: Research Godaddy stock

After you have figured out the best place to buy Godaddy stock, it's absolutely critical to research their stock before you invest, so you truly comprehend the risk and upside.

Godaddy quick stats

GDDY Price
$177.84
1w %
8.86%
1y %
103.87%
5y %
157.74%
P/E
13.94x
P/B
69.99x
P/S
5.58x
PEG
N/A
Revenue
$4.48B
Earnings
$1.85B
Fore. Rev. Growth
5.27%
Fore. Earn. Growth
-12.6%
Market Cap
$24.97B
Next Earnings
N/A
Next Dividend
N/A

Fundamentals of GDDY

WallStreetZen was built to help everyday investors do more in-depth fundamental analysis in less time.

You can see all of the due diligence checks on GDDY's stock page.

Is GDDY stock properly valued?

You can use a variety of different financial metrics, analyses, models, and charts to gauge GDDY's intrinsic value.

Using relative valuations metrics:

  • GDDY may be undervalued based on its P/E ratio of 13.94x, relative to Software - Infrastructure industry P/E ratio of 35.66x
  • GDDY could be overvalued based on its P/B ratio of 69.99x, relative to Software - Infrastructure industry P/B ratio of 11.58x

You can access more valuation research on GDDY's stock here.

A look at GDDY Cashflows and Balance Sheet

Positive Health Checks:

  • GDDY earnings of $850.20M is not enough to cover its interest payments.
  • GDDY profit margin has gone up from 8.5% to 41.3% in the past year.
  • GDDY's operating cash flow of $1.24B allows it to safely service it's debt of $3.88B.

Negative Health Checks:

  • There are more long-term liabilities than short-term assets on the GDDY balance sheet.
  • GDDY has a relatively high debt to equity ratio of 21.42.
  • There are more short-term liabilities than short-term assets on the GDDY balance sheet.
  • Total GDDY debt is higher than 5 years ago, relative to shareholder equity.

Do analysts think it's a good time to buy Godaddy stock

Out of 10 Wall Street analysts who give recommendations on GDDY, the consensus analyst rating on Godaddy is a Strong Buy

It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.

Latest GDDY Analyst Recommendations

Deepak Mathivanan, a top 4% analyst from Cantor Fitzgerald reiterates GDDY with a hold rating and maintains their GDDY price target from $170.00 to $170.00, on Oct 7, 2024.

Trevor Young, a top 26% analyst from Barclays maintains GDDY with a strong buy rating and raises their GDDY price target from $165.00 to $185.00, on Sep 25, 2024.

Josh Beck, a top 2% analyst from Raymond James maintains GDDY with a strong buy rating and raises their GDDY price target from $150.00 to $175.00, on Aug 2, 2024.

Raymond James's Josh Beck raised their price target on Godaddy (NYSE: GDDY) by 16.7% from $150 to $175 on 2024/08/02. The analyst maintained their Strong Buy rating on the stock.

Godaddy reported its Q2 2024 earnings on 2024/08/01.

Beck summed up Goddady's quarter by saying that revenue and guidance were, overall, in line with consensus estimates, but a 2% beat was delivered by the "key" Applications & Commerce segment, and NEBTIDA was 6% ahead of buyside expectations."

Earnings Report

For Q2 2024, Godaddy reported:

  • EPS of $1.01, which beat the Zacks Consensus Estimate by 2.8% and Q2 2023's $0.54 by 87%.
  • Revenue of $1.125B, which beat the Zacks Consensus Estimate by 0.97% and Q2 2023's $1.048B by 7.3%.

Management guided:

For Q3 2024:

  • Revenue of $1.13B to $1.15B, representing 7% Y/Y growth at the midpoint.

For FY 2024:

  • Revenue of $4.525B to $4.565B, representing 7% Y/Y growth at the midpoint.

CEO Aman Bhutani commented: "GoDaddy successfully delivered a great quarte.

"We are making progress on our key initiatives, including growing discovery and engagement of our AI-powered experience, GoDaddy Airo.

"We see tremendous opportunity for long-term growth as we continue to create value for our customers with innovative solutions and seamless experiences."

CFO Mark McCaffrey added: "We are pleased with our strong Q2 results, demonstrating execution against our plan to drive both innovation and operational efficiency.

"Our track record of profitable growth, driving compounding free cash flow and maintaining a strong balance sheet, alongside our capital allocation strategy, positions GoDaddy well to drive long-term shareholder value."

Ygal Arounian, a top 36% analyst from Citigroup maintains GDDY with a strong buy rating and raises their GDDY price target from $150.00 to $165.00, on May 31, 2024.

Alexei Gogolev, a top 11% analyst from JP Morgan maintains GDDY with a strong buy rating and raises their GDDY price target from $136.00 to $175.00, on May 29, 2024.

You can dig deeper into what analysts are saying on the Godaddy stock forecast page.

GDDY Technicals

SMA10
167.71
SMA20
165.42
SMA50
159.96
SMA100
154.88
SMA200
139.13
MACD
3.94
MACD Signal
2.43
MACD Histogram
1.51
RSI
75.07
Stochastic %K
98.01
Stochastic %D
85.17
StochRSI %K
100
StochRSI %D
93.13

Is GDDY Making Money?

Last year, GDDY earnings were $1.85B. During the past five year, GDDY's earnings have increased by 77.71% per year. This was faster than the Software - Infrastructure industry average of 30.31%.

Last year, GDDY revenue was $4.48B. Over the past 5 year, GDDY's revenue has gone up by 9.07% per year. This was slower than the Software - Infrastructure industry average of 17.97%.

You can analyze GDDY's earnings and revenue performance here.

Are GDDY executives and large shareholders buying or selling the stock?

In the past year, executives and large shareholders at GDDY have sold more shares than they have bought.

Amanpal Singh Bhutani, Chief Executive Officer of GDDY, was the latest GDDY insider to sell. They sold $503,370.00 worth of GDDY shares on Nov 1, 2024.

Get more info about who owns GDDY shares here.

Does GDDY provide a stable income stream?

No, Godaddy doesn't provide an income stream by paying out dividends.

What do other traders have to say about GDDY?

One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.

Click below to see what other investors have to say.

Step 5: Execute your GDDY buy order

You have two primary types of orders:

  • Market order: A market order is an order to buy or sell a security at the best price on the market.
    Market orders are usually the easiest way to buy.
  • Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
    If you want to be sure you're buying or selling at a given dollar amount, use a limit order.

Press the Open button and your broker will execute the order.

If you require more assistance investing in stocks on eToro, click the helpful video below:

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Step 6: Get key alerts regarding your investment in GDDY

Now that you own some shares in GDDY, you'll want to keep up with your stock purchase.

Create a watchlist to get notified of the latest news about your GDDY stock.

GDDY Feed

How to Buy Stock in Godaddy

To summarize, here are the 6 steps for buying Godaddy stock:

  1. Decide where to buy Godaddy stock
  2. Create your brokerage account
  3. Put funds into your brokerage account
  4. Research Godaddy stock
  5. Execute your GDDY buy order
  6. Get key alerts regarding your investment in GDDY

If you require a brokerage, eToro is our recommended venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to watch your new investment in Godaddy, get started below.

NYSE: GDDY
$177.84+0.53 (+0.3%)
Updated Nov 8, 2024
Open eToro Account
NYSE: GDDY
$177.84+0.53 (+0.3%)
Updated Nov 8, 2024
Open eToro Account

FAQ

How much does it cost to buy one Godaddy share?

As of Nov 8, 2024, it costs $177.84 to buy one share of Godaddy stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $100, you can buy 0.562 shares of GDDY.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Godaddy stock?

According to 10 Wall Street analysts who monitor Godaddy, their consensus recommendation is to buy Godaddy stock.

What is the best way to buy Godaddy stock?

One way to place an order for Godaddy stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.