Evercore ISI Lowers its Price Target on GoDaddy Inc. (GDDY) to $95 and Maintains an In Line Rating

Core Insights - GoDaddy Inc. (NYSE:GDDY) is identified as one of the 13 most undervalued stocks in the S&P 500, indicating potential investment opportunities in the company [1]. Price Target Adjustments - Evercore ISI has lowered its price target for GoDaddy to $95 from $145 while maintaining an In Line rating, citing missed revenue guidance for 2026 but expressing optimism about the company's new "agentic offerings" [2]. - Citi has also reduced its price target for GoDaddy to $110 from $195, maintaining a Buy rating, and noted that while 2026 revenue guidance fell short of expectations, there is potential upside for 2026 and 2027 estimates [2]. - Cantor Fitzgerald has lowered its price target to $90 from $130 while keeping a Neutral rating, mentioning that Q4 revenue met expectations but bookings growth has slowed to 5% year over year due to a new go-to-market strategy [3]. Financial Performance - GoDaddy reported Q4 EPS of $1.80, exceeding the consensus estimate of $1.59, with Q4 revenue of $1.27 billion aligning with consensus expectations [4]. - The company has guided FY26 revenue to be between $5.195 billion and $5.275 billion, slightly below the consensus estimate of $5.28 billion [4]. Growth Outlook - The company anticipates a revenue growth guidance of 6% year over year for Q1 and FY26, which is slightly below prior market estimates, with expectations for bookings to decelerate in Q1 before normalizing in the latter half of the year [3]. - Ongoing AI initiatives and efficiency programs are expected to support long-term growth, although near-term sentiment related to AI may pressure valuation multiples [3].