Benchmark Cuts GoDaddy Inc. (GDDY)'s Price Target To $210, Maintains Buy Rating

GoDaddy Inc. (NYSE:GDDY) is among the

. On February 23, Benchmark cut its price target on the stock to $210 from $240, while keeping a Buy rating, as part of the fourth quarter earnings preview.

During the day, Jefferies analyst Brent Thill also slashed the price target to $100 from $140 with a Hold rating. The firm noted that application software stocks were being impacted more by the ongoing negative sentiment than overall software companies, citing it as the reason for the adjustment.

Based on the recommendations of 10 analysts, GoDaddy Inc. (NYSE:GDDY) is a Moderate Buy with an average share price upside potential of 86.1% as of the close on February 23.

In other news, on February 19, the company announced that its Agent Name Service (ANS) had integrated with Salesforce’s MuleSoft Agent Fabric. This is expected to help businesses discover and confirm the identities of AI agents, thereby reducing risks to data integrity and security.

GoDaddy Inc. (NYSE:GDDY) is a leading domain name registrar, serving millions of entrepreneurs worldwide in the growth and expansion of their businesses.

While we acknowledge the potential of GDDY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the

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Disclosure: None.