2024-06-26 17:53:13 ET
Summary
- I believe GoDaddy Inc.'s valuation at approximately 15x forward free cash flow offers a positive risk-reward opportunity.
- Despite carrying over $3 billion in net debt, GoDaddy's strategic initiatives and product innovations position it well for future growth.
- The company's focus on enhancing customer experiences and simplifying tasks for entrepreneurs drives strong performance, particularly in the Applications and Commerce segment.
Investment Thesis
GoDaddy Inc. ( GDDY ) has a lot going for it. And yet, to say that this is a blemish-free investment would be to misconstrue reality. Ultimately, GoDaddy carries more than $3 billion of net debt, which hinders its ability to in the near-term significantly return capital to shareholders....
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GoDaddy Stock: Cashing In On Clicks