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GoDaddy stock reaches record high amid strong growth

GoDaddy shares, up 121% over the last year, hit an all-time high of $157.97 which might be a sign of the momentum the enterprise has recently gained and also what confidence investors now have in its plan going forward.

Applications & Commerce, another example of the bright side. How did GoDaddy achieve such success this summer? It is associated to the company’s expansion of its product line, including AI-driven projects such as GoDaddy Airo.

GoDaddy, which today reported Q2 earnings of $192.8 million on total revenue of 1.14 billion (up by over 7%) has revised its full-year outlook upward to between $4.525 and 4.565 billion

Even with a net debt of $3.4 billion, GoDaddy’s financial position remains solid. The company has increased its unlevered free cash flow target to $1.45 billion and expects free cash flow to reach $1.3 billion by year’s end. With $1.4 billion in liquidity, GoDaddy is well-positioned to continue investing in growth.

For the upcoming quarter, GoDaddy expects revenue between $1.13 billion and $1.15 billion. The company’s ongoing focus on AI and new pricing strategies is likely to drive further growth in its core segments.

With a market cap of $22.26 billion and a P/E ratio of 12.53, GoDaddy is clearly in a strong position. The stock’s one-year return of 116.6% underscores its strong market performance.

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