StockNews lowers GoDaddy's rating to 'buy' while UBS and RBC raise target prices.

StockNews.com lowered GoDaddy's (NYSE:GDDY) stock rating from strong buy to buy, but other analysts remain positive with UBS Group increasing its target price from $118.00 to $130.00 and Royal Bank of Canada raising their price objective from $145.00 to $175.00. GoDaddy's quarterly revenue increased 7.3% year-over-year, and the company has a Moderate Buy average rating and an average price target of $161.25. Institutional investors and hedge funds own 90.28% of GoDaddy's stock.