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Why GoDaddy (GDDY) is a Top Growth Stock for the Long-Term

Zacks Equity Research
·2-min read

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.

Why This 1 Growth Stock Should Be On Your Watchlist

Growth investors build their portfolios around companies that are financially strong and have a bright future, and the Growth Style Score helps take projected and historical earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.

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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 sits at a Zacks Rank #3 (Hold), holds a Growth Style Score of A, and has a VGM Score of A. Earnings and sales are forecasted to increase 56.3% and 7.4% year-over-year, respectively.

Two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.02 to $2.22 per share for 2022. GDDY boasts an average earnings surprise of 13.1%.

Looking at cash flow, GoDaddy is expected to report cash flow growth of 6.9% this year; GDDY has generated cash flow growth of 23.5% over the past three to five years.

Investors should take the time to consider GDDY for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.


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GoDaddy Inc. (GDDY) : Free Stock Analysis Report
 
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Zacks Investment Research