Why GoDaddy (GDDY) is a Top Value Stock for the Long-Term
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Why Investors Should Pay Attention to This Value Stock
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, and Price/Cash Flow, the Value Style Score identifies the most attractive and most discounted stocks.
GoDaddy (GDDY)
Based in Scottsdale, AZ, GoDaddy is an Internet domain registrar and web hosting company that also sells e-business related software and services. The company is engaged in the designing and development of cloud-based technology products for small businesses, Web design professionals and individuals.
GDDY boasts a Value Style Score of B and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Shares of GoDaddy are trading at a forward earnings multiple of 33.6X, as well as a PEG Ratio of 2.2, a Price/Cash Flow ratio of 28.2X, and a Price/Sales ratio of 2.8X.
A company's earnings performance is important for value investors as well. For fiscal 2022, two analysts revised their earnings estimate higher in the last 60 days for GDDY, while the Zacks Consensus Estimate has increased $0.02 to $2.22 per share. GDDY also holds an average earnings surprise of 13.1%.
Investors should take the time to consider GDDY for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.
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GoDaddy Inc. (GDDY) : Free Stock Analysis Report
