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
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For further details see:
GoDaddy: Room For Further Re-Rating?