GoDaddy: Fierce Competition Could Make Its Future Difficult (NYSE:GDDY)

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Investment Thesis

Due to its unfavorable product ratings in comparison to rivals, I believe that GoDaddy (NYSE:GDDY) might struggle with the increasing competition. Furthermore, GoDaddy’s price to gross profit value multiple is nearly equivalent to those of Wix and Squarespace, while they have substantially stronger sales growth. For these reasons, I am recommending a “sell” for GoDaddy.

Introducing GoDaddy

GoDaddy, Inc. is a cloud-based solution provider that assists people, corporations, and organizations in establishing an online presence, connecting with clients, and managing their endeavors.

The company offers apps as well as access to third-party products and platforms. It provides a number of solutions, including domains, hosting and presence,…

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