GoDaddy (GDDY) stock is soaring 5.31% in Friday's pre-market trading, defying a series of analyst price target cuts following the company's Q3 2025 earnings report. The significant stock movement suggests that investors are focusing on positive aspects of the company's performance and future prospects, particularly its emphasis on AI integration.
Several major financial institutions, including JPMorgan, UBS, and Morgan Stanley, have lowered their price targets for GoDaddy. JPMorgan adjusted its target to $200 from $222, while UBS cut its target to $145 from $160. Despite these reductions, many analysts maintain positive or neutral ratings on the stock, with the average rating remaining "overweight" and a mean price target of $180.13.
The stock's impressive gain can be attributed to GoDaddy's strong Q3 2025 results and its strategic focus on AI initiatives. As reported, the company has been integrating AI technologies into its operations, which appears to have resonated well with investors. This AI-driven approach, combined with solid financial performance, seems to be outweighing the impact of lowered analyst price targets. The market's positive reaction suggests that GoDaddy's current strategy and execution are instilling confidence among investors, who see potential for future growth and innovation in the company's AI-focused direction.