RBC Capital Rates GoDaddy (GDDY) Sector Perform, $95 Price Target

RBC Capital has downgraded its rating on GoDaddy Inc. (GDDY) to Sector Perform on October 12, 2026, with a price target set at $95. This is a shift from its previous target of $95, indicating no change in the target but a change in the outlook. The firm’s new stance reflects a cautious view on the stock's performance relative to its peers.

Other Institutional Activity in GoDaddy Inc.

Several other institutional investors have also made adjustments to their holdings in GoDaddy. Ameriprise Financial, Inc. grew its stake by 5,760,460 shares, bringing its total to 12,057,420 shares worth approximately $1.28 billion. In contrast, BlackRock Inc. reduced its position by 2,869,026 shares, holding a total of 10,456,688 shares valued at about $1.11 billion. Vanguard Capital Management LLC also trimmed its stake slightly by 74,244 shares, ending with 8,660,318 shares worth around $917.8 million. Vanguard Portfolio Management LLC and Morgan Stanley similarly cut their positions, with reductions of 1,023,525 shares and 774,650 shares, respectively.

GoDaddy Inc. Stock Down 1.9%

As of October 16, 2026, GoDaddy shares are trading around $105.3, which is about 10.8% above RBC Capital's new price target. This positioning suggests that the stock is currently valued higher than the firm’s projection, which may influence investor sentiment moving forward. The stock's performance will be closely watched, especially as it approaches its next earnings report.

Recent Earnings

GoDaddy reported trailing twelve-month revenue of approximately $5.1 billion, with an earnings per share (EPS) of $6.73. The company has seen a year-over-year revenue growth of 6.6%, and its net profit margin stands at 17.8%. It’s important to note that the next earnings report is scheduled for October 29, 2026, which could provide more insights into the company’s performance.

Insider Buying and Selling at GoDaddy Inc.

Insider trading activity has been notable at GoDaddy. On September 2, 2026, CEO Amanpal Singh Bhutani sold 12,694 shares, valued at approximately $1.27 million. CFO Mark D. McCaffrey also sold 5,873 shares for about $592,649 on the same day. More recently, on October 1, 2026, Bhutani sold another 4,500 shares at an average price of $97.5, totaling around $438,750. Additionally, Officer Jared Franklin Sine sold 1,644 shares on October 2, 2026, valued at approximately $159,891.

Analysts Set New Price Targets

On October 12, 2026, RBC Capital downgraded GoDaddy to Sector Perform with a target price of $95. Earlier, on August 3, Citigroup maintained a Buy rating with a target of $105, while Wedbush also upheld an Outperform rating with a target of $93. Wells Fargo downgraded its rating to Underweight with a target of $76, and Baird maintained an Outperform rating, raising its target to $120.

About GoDaddy Inc.

GoDaddy Inc. specializes in cloud-based products for individuals and businesses, focusing on web hosting and domain registration services. The company operates through two main segments: Applications and Commerce, and Core Platform. This downgrade from RBC Capital may reflect broader concerns regarding the company's market position and future growth potential.

Bottom Line

Investors should pay attention to GoDaddy's upcoming earnings report on October 29, 2026, as it may shed light on the company's financial health amidst these rating changes. With RBC Capital's downgrade, the market will be keen to see how GoDaddy addresses its challenges and capitalizes on growth opportunities.