Technical Analysis: Based on recent price action, GDDY has shown significant weakness, dropping from $212.54 to $173.77. The RSI-14 reading of 24.33 indicates oversold conditions, while MACD shows a bearish trend with negative values (-6.49).
News Impact:
Price Targets: Multiple analysts have adjusted their targets:
Next Week's Price Projection: Based on Fibonacci levels and technical indicators:
Expected price range for next week: $170-185, with highest probability of testing $177.92 support level before potential bounce.
Trading Recommendation: SELL Rationale:
Target entry: Current price ($175) First target: $168.15 Stop loss: $182.50
The price of GDDY is predicted to go up 19.44%, based on the high correlation periods with AAL. The similarity of these two price pattern on the periods is 97.58%.
GDDY
AAL
GoDaddy benefits from a highly recognizable brand, economies of scale, and customer switching costs.
Omnicommerce is a natural extension for GoDaddy with promising uptake to date.
The strategic shift into payment processing should provide opportunity for greater scale-based cost advantage.
UBS
2025-02-14
Price Target
$172 → $225
Upside
+23.5%
B. Riley Securities
2025-02-14
Price Target
$220 → $225
Upside
+23.5%
Benchmark
2025-02-14
Price Target
$230 → $275
Upside
+50.94%