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SHOP - GoDaddy: Room For Further Re-Rating?
May, 24 2024 05:56 AM
Shopify Inc. Class A Subordinate
2024-05-24 05:56:25 ET
Summary GoDaddy is expanding its e-commerce and digitization platform with the help of AI, which is driving growth and increasing margins. Aero the AI tools rollout in the March Investor Day drove a valuation re-rating that needs to be followed with financial results. Market expects an uptick in growth with 20% free cash flow gains. I rate the stock a Hold, the market may require execution of higher growth to warrant further multiple expansion.
Introduction For further details see:
GoDaddy: Room For Further Re-Rating?
Stock Information
Company Name:
Shopify Inc. Class A Subordinate
Stock Symbol:
SHOP
Market:
NYSE
Website:
shopify.com
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