How Is GoDaddy's Stock Performance Compared to Other Technology Stocks?

Tempe, Arizona-based GoDaddy Inc. (GDDY) is a leading provider of internet domain registration, web hosting, and online business solutions. With a market cap of $25.5 billion, the company empowers millions of entrepreneurs and small businesses worldwide by offering tools and services to establish and grow their online presence.

Companies worth $10 billion or more are generally described as "large-cap stocks," and GoDaddy fits right into that category, underscoring its significant role in the internet services industry. As a trusted partner for millions of customers, GoDaddy continues to innovate and support the digital transformation of businesses globally.

GoDaddy touched its all-time high of $216 on Jan. 30 and is currently trading 16.4% below that peak. Meanwhile, GDDY has dropped 9.3% over the past three months, slightly outperforming the Technology Select Sector SPDR Fund’s (XLK) 9.7% decline during the same time frame.

GoDaddy’s performance has remained much more impressive over the longer time frame. GDDY stock has soared 16.5% over the past six months and 44.7% over the past 52 weeks, compared to XLK’s 5.6% decline over the past six months and 1.3% gains over the past year.

To confirm the overall bullish trend and recent downturn, GDDY stock has traded consistently above its 200-day moving average over the past year and dropped below its 50-day moving average in mid-February.

GoDaddy’s stock prices crashed 14.3% in the trading session after the release of its Q4 results on Feb. 13 as the company’s earnings missed Street expectations. However, driven by a significant boost in its applications and commerce revenues, the company’s overall topline surged 8.4% year-over-year to $1.2 billion, which surpassed analysts’ projections by 1.4%. Meanwhile, despite missing Street expectations, GoDaddy’s adjusted EPS was still up a significant 31.5% compared to the year-ago quarter.

While GoDaddy has underperformed its peer VeriSign, Inc.’s (VRSN) 36.1% surge over the past six months, it has notably outpaced VeriSign’s 33.5% gains over the past 52-week period.

Among the 18 analysts covering the GDDY stock, the consensus rating is a “Moderate Buy.” Its mean price target of $223.31 suggests a 23.7% upside potential from current price levels.

On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.