RBC Capital downgrades GoDaddy to Sector Perform, sets $95 price target
RBC Capital lowered GoDaddy’s rating from Outperform to Sector Perform and cut its price target to $95, citing AI‑driven changes that could erode pricing power and domain share. The downgrade triggered a pre‑market decline of about 1.7% and a broader slide in the stock. GoDaddy reported Q2 2026 adjusted EPS of $1.83 versus a $1.69 forecast and revenue of $1.3 billion, slightly above estimates, but investors focused on the cautious outlook.
Why it matters
The lower rating and $95 target suggest a potential 9% downside from the recent close, which could pressure the share price for investors. RBC’s view highlights AI risk as a material factor for GoDaddy’s future earnings.
Key facts
- 1RBC Capital downgraded GoDaddy to Sector Perform from Outperform and set a price target of $95.00. investing.com
- 2The stock was trading at $104.35 at the time of the downgrade. investing.com
- 3GoDaddy’s market cap was $13.22 billion. investing.com
- 4The share price had risen 31% over the prior six months. investing.com
- 5Adjusted earnings per share for Q2 2026 were $1.83, beating the $1.69 forecast. investing.com
- 6Revenue for the quarter was $1.3 billion, slightly above the $1.29 billion estimate. investing.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.