$GDDY

StoneX maintained a Buy rating and $140 price target for GoDaddy (GDDY) ahead of Q3 earnings, citing undervaluation and expected revenue of $1.329B. The firm projects margin pressure due to shifts in Websites + Marketing revenue to Airo, with Q3 EBITDA margin at 32.9%. Analysts have mixed views, with Cantor Fitzgerald raising its target to $100 and RBC downgrading to Sector Perform. GDDY shares have risen 31% in the past six months.

Oppenheimer notes improved interest in web and e-commerce software ahead of Q3 results, but AI concerns remain. Shopify (SHOP) is expected to exceed revenue forecasts with strong consumer demand. Wix.com (WIX) may see slower growth due to AI shifts. GoDaddy (GDDY) is on track with forecasts, and Commerce.com (CMCM) expects revenue in line with estimates. Oppenheimer raised Shopify's price target to $205.

GoDaddy revoked 404,607 TLS certificates due to compliance failures, missing its 5-day revocation deadline. The issue affects GoDaddy and Starfield certificate chains, potentially causing website access problems. The company has since corrected its documentation and is assisting customers with replacements.

Akamai (AKAM) trimmed its 2026 revenue forecast to $4.488B but expects growth to accelerate in 2027, backed by a $11.6B cloud services commitment. GoDaddy (GDDY) maintained its 2026 revenue guidance at $5.215B-$5.255B and reaffirmed its free cash flow target of $1.8B. Akamai is investing heavily in AI, while GoDaddy focuses on share buybacks.

Cantor Fitzgerald raised its price target on GoDaddy (GDDY) to $100 from $90, though it remains below the stock's $105.96 close. The firm expects Q3 results and Q4 guidance to meet estimates, with focus on GoDaddy's AI agent developer platform. Shares fell 0.39% in premarket trading.

Bank of America upgraded Salesforce (CRM) to Buy, raising its price target to $285, citing AI adoption and strong free cash flow. Barclays downgraded Dell (DELL), HPE (HPE), NetApp (NTAP), HubSpot (HUBS), and monday.com (MNDY) due to AI growth concerns. Deutsche Bank upgraded Walmart (WMT) to Buy, targeting $136, citing inflation benefits. RBC downgraded GoDaddy (GDDY) to Sector Perform, citing AI's impact. MongoDB (MDB) ratings reaffirmed by Needham and BofA.

GoDaddy Inc. (GDDY) is facing legal scrutiny as multiple law firms have filed securities fraud class action notices, alleging misrepresentation of customer acquisition strategy and promotional impacts. Despite strong free cash flow and recurring revenue, concerns over thin equity cushion and AI platform transition risks weigh on investor sentiment. The stock has declined 13.53% year-to-date, with a market cap of $13.09B.

GoDaddy Inc. (GDDY) expanded its Developer Platform, adding hosting, email, and commerce APIs, including Node.js Hosting and CLI/REST access. The move supports app development from code to live business, aligning with the company's shift towards an integrated dev-to-commerce stack. Investors should monitor developer adoption and monetization metrics in future results.

GoDaddy, Google, Cloudflare, and Infoblox demonstrated an AI agent transaction system using existing internet standards. The Chain of Trust architecture, developed with Singapore’s IMDA, enables secure transactions across platforms. McKinsey estimates AI agents could facilitate $3T-$5T in global consumer purchases by 2030. The system was showcased at GovWare 2026, simulating a flight purchase with fraud prevention.

Wall Street analysts issued updates on multiple companies. Biogen (BIIB) was upgraded to Overweight with a $300 target, First Solar (FSLR) to Buy with a $270 target, and Salesforce (CRM) to Buy with a $285 target. Adobe (ADBE) was downgraded to Underweight with a $225 target, and Snowflake (SNOW) to Accumulate with a $515 target. Robinhood (HOOD) was initiated with an Outperform rating and $130 target.