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GDDY · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is GoDaddy Inc. (GDDY) stock moving?
GoDaddy reported Q3 2026 results on Oct 29. Revenue rose 6% to $1.341B, EPS of $2.08 beat the $1.85 estimate, and sales of $1.342B topped the $1.327B estimate. Operating income rose 22%, net income rose 24%, and free cash flow reached $480.8M (+9%). Airo's annualized bookings run rate passed $100M, and total customers reached 20.5M. Management's FY2026 sales guidance was reported as raised, though the reported ranges differ across sources. The stock responded strongly: it rose from $105.89 on Oct 29 to $117.24 on Oct 30 on 3.58M shares, about twice the typical daily volume of roughly 1.5M to 2.0M. Analysts raised targets sharply: Wedbush to $146, Baird to $140, Citigroup to $135, and Evercore ISI to $105 with an In-Line rating. Since the post-earnings jump the shares have traded between about $111 and $123, closing at $113.13 on Nov 10, below the Nov 5 peak of $120.12. Volume has faded to 1.11M shares on Nov 10, which weakens the signal from the earnings move. Core Platform revenue grew only 4%, which limits the growth story to the Applications and Commerce segment (+9%).
News behind the analysis
- Baird Adjusts Price Target on GoDaddy to $140 From $120Baird raised its price target on GoDaddy from $120 to $140. The update adds to a series of higher analyst targets after the Q3 report.
- Citigroup Maintains Buy on GoDaddy, Raises Price Target to $135Citigroup kept its Buy rating and raised its price target to $135. The firm's target is now about 19% above the Nov 10 close of $113.13.
- Wedbush Adjusts Price Target on GoDaddy to $146 From $93Wedbush raised its price target from $93 to $146 and kept its Outperform rating. It is the largest target increase among the recent analyst updates.
- Citigroup Adjusts Price Target on GoDaddy to $135 From $105Citigroup lifted its GoDaddy price target from $105 to $135. The change follows the Q3 2026 results.
- Evercore ISI Raises GoDaddy Price Target to $105Evercore ISI kept its In-Line rating and raised its price target from $85 to $105. This is the most cautious of the recent target updates.
- GoDaddy Q3 2026 Earnings Call TranscriptGoDaddy reported third-quarter results on Oct 29, and the earnings call transcript was published. Management discussed the AI transformation and the Airo product.
- GoDaddy Updates Full Year 2026 Revenue OutlookGoDaddy guided full-year 2026 revenue to a range of $5.22B to $5.26B, compared with the FactSet estimate of $5.24B. The midpoint sits close to consensus.
- GoDaddy Inc. Reports Third Quarter 2026 Financial ResultsGoDaddy reported Q3 2026 revenue of $1.341B and net income of $261.8M. Airo's annualized bookings run rate passed $100M, and free cash flow was $480.8M, up 9%.
- GoDaddy Q3 EPS $2.08 Beats $1.85 Estimate, Sales $1.342B Beat $1.327B EstimateGoDaddy's Q3 earnings per share of $2.08 beat the $1.85 estimate. Sales of $1.342B topped the $1.327B estimate.
- GoDaddy Raises FY2026 Sales Guidance from $5.215B-$5.255B to $5.255B vs $5.240B EstBenzinga reported that GoDaddy raised its FY2026 sales guidance to $5.255B, above the $5.240B estimate. The reported range differs from the $5.22B to $5.26B range in other coverage.
About GoDaddy Inc
GoDaddy is one of the world's largest domain name registrars, and it also sells website-building, hosting, email, payments and online marketing tools, mostly to small businesses and entrepreneurs (about 20.5 million customers). Its main focus now is moving customers from one-off domain purchases to subscription software bundles, built around its Airo AI platform.
How it makes money
Mostly recurring subscriptions, with about $4.5 billion in annual recurring revenue. Its Core Platform segment (domain registrations and renewals, the domain aftermarket and hosting) brings in roughly 60% of revenue (about $818M in Q3 2026, up ~4%). Applications & Commerce (website builders, Microsoft 365 email and productivity tools, payments and Airo AI tools) brings in roughly 40% (about $524M, up ~9%) and earns higher margins. Total 2026 revenue is guided at about $5.2 billion, and the company spends heavily on buying back its own shares.
What usually moves GDDY
- Domain renewal rates and pricing
- Growth and adoption of Airo AI and software bundles
- Small-business formation and spending
- Free cash flow and share buybacks
- Competition from AI website builders and rival platforms