2024-07-01 10:54:59 ET
Summary
- GoDaddy's transition to focus on e-commerce capabilities with AI, from just selling domains and web hosting, has reinvigorated growth.
- Company is on track to achieve financial targets for revenue growth, margin expansion, and free cash flow.
- Valuations suggest strong upside potential for investors, despite competition and potential risks in the market.
Investment Thesis
It has been just over two years now since GoDaddy ( GDDY ) underwent a significant transformation to add more value to users and business establishments that are entirely focused on conducting their businesses online. GoDaddy was once synonymous with domain registration and web hosting capabilities. This became extremely crucial because, with almost 21 billion customers using at least one GoDaddy product, market penetration had reached a saturation point and deceleration was picking up pace....
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For further details see:
GoDaddy: Scaling Its 3x3 Targets With Robust AI Capabilities