#8 - Godaddy, Inc. (NYSE:GDDY)
Godaddy, Inc. (NYSE: GDDY) - Godaddy is all grown up. The website hosting and registration service made its debut on the market with an ad campaign that tested the axiom that “sex sells”. The irreverent approach, however, seemed to serve its purpose and the new ads show a much more mature, socially conscious, company helping customers build their businesses. If you’re going to invest in a commodity industry, you should look for the leader. And that’s what Godaddy provides, a leadership position which is giving the company an economy of scale. In fact, 47% of its 2018 revenue came from its domain registry business. The company is also projecting growth from its 2018 acquisition of Main Street Hub. The bottom line shows double-digit revenue growth both in 2019 (12.3%) and 2020 (11.2%). Is this exceptional growth? No. However, after a long history of losing money, the company is starting to show that it is not only profitable, it can beat expectations. That’s a winning formula for investors of any age.
About GoDaddy
GoDaddy Inc engages in the design and development of cloud-based products in the United States and internationally. It operates through two segments: Applications and Commerce, and Core Platform. The Applications and Commerce segment provides applications products, including Websites + Marketing, a mobile-optimized online tool that enables customers to build websites and e-commerce enabled online stores; and Managed WordPress, a streamlined and optimized website building that allows customers to easily build and manage a faster WordPress site; Managed WooCommerce Stores to sell anything and anywhere online; and marketing tools and services, such as GoDaddy Studio mobile application, search engine optimization, Meta and Google My Business, and email and social media marketing designed to help businesses acquire and engage customers and create content.
Read More - Current Price
- $204.72
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 10 Buy Ratings, 5 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $181.57 (11.3% Downside)
Summer can be a tricky season for investors who are looking to find high-growth stocks in a market that is showing low volume and direction.
However, every market presents opportunities and that is true this year as well. The stocks in this presentation have shown rapid growth since the beginning of 2019 and, while some of them face larger long-term issues than others, they all look to be good investments for investors who are willing to trade a little volatility for the chance at a strong return, particularly during the summer months, which is a historically bad time to be in equities.
Many of these stocks prove that when it comes to investing, consistency is key. Some of these companies were unfairly punished by the correction that hit the market earlier. However, once the fourth quarter earnings reports were posted, investors changed their tune. And now with many of these companies getting ready to report their first-quarter earnings, these stocks are poised for further growth.
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