StockStory Flags GoDaddy Demand and Growth Concerns After Q2
The publisher cited billings growth, revenue forecasts and gross margins as reasons for caution, while GoDaddy shares rose in Thursday trading.
Key takeaways
- GoDaddy reported Q2 billings of $1.36 billion, with average year-over-year growth of 6.2% over four quarters.
- Analysts expect GoDaddy revenue to rise 5.2% over the next 12 months, according to StockStory.
- GoDaddy shares traded at $101.46, up 4.37% since the previous close, as of 15:43 UTC Thursday.
StockStory said it was cautious on GoDaddy after its Q2 results, citing modest billings growth, a slower revenue outlook and comparatively low gross margins. The publisher said billings were $1.36 billion in Q2, with average year-over-year growth of 6.2% over the past four quarters.
The article said sell-side analysts expect revenue to rise 5.2% over the next 12 months, compared with 7.5% annualized growth over the past five years. GoDaddy’s gross margin averaged 63.8% over the past year, though it improved by 0.6 percentage points over two years.
StockStory said GoDaddy traded at 2.4 times forward sales at the article’s cited price of $96.72 and saw limited upside. As of 15:43 UTC Thursday, shares were at $101.46, up 4.37% since the previous close.
This article was produced with the help of AI technology. Source: Yahoo Finance
