anquest
Active Member
"Analysts Mitchell Bartlett and George A. Kelly felt that GoDaddy was a leader in the rapidly growing web services industry."
"The $30 price target was based on 16.5x the firm’s 2016 EBITDA estimate of $360 million."
"The analysts pointed out that other internet category leaders had a lower growth rate than GoDaddy, however, they carried a premium multiple of 19x 2016 EBITDA."
----------------------------------------------------------------------------------
www.benzinga.com/analyst-ratings/analyst-color/15/04/5447894/godaddy-initiated-at-craig-hallum excerpts:
GoDaddy Initiated At Craig-Hallum
Kevin Riley , Benzinga Staff Writer April 28, 2015 1:25pm
Related GDDY
Craig-Hallum Initiates GoDaddy At Buy
Benzinga's Top Initiations
GoDaddy ending NASCAR deal, plans to retain Patrick (Seeking Alpha)
Craig-Hallum initiated coverage on Godaddy Inc GDDY 1.37% Monday with a Buy rating and $30 price target.
Analysts Mitchell Bartlett and George A. Kelly felt that GoDaddy was a leader in the rapidly growing web services industry.
The analysts expected a multi-year period of 12 percent to 15 percent organic growth with the potential for growth to accelerate “as the company shifts focus to international markets and higher-end business applications.”
“The race is on among a handful of well-funded players that have emerged over the past several years. We see the winners ultimately having tens of millions of worldwide subscribers, delivering a range of valuable services to this hard to reach audience,” [...]
[...]
Latest Ratings for GDDY
Date | Firm | Action | From | To
Apr 2015 | Craig-Hallum | Initiates Coverage on | | Buy
View More Analyst Ratings for GDDY
View the Latest Analyst Ratings
Posted-In:
Craig-Hallum | George A. Kelly | Mitchell Bartlett | Price Target | Initiation | Analyst Ratings
Related Articles (GDDY)
Craig-Hallum Initiates GoDaddy At Buy
Benzinga's Top Initiations
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
-------------------------------------------------------------
BIOs For Graig-Hallum's Senior Analysts >>
-------------------------------------------------------------
www.craig-hallum.com/research/senior-analyst/ excerpts:
Mitchell Bartlett
Senior Research Analyst
(612) 334-6335
mitch.bartlett@craig-hallum.com
George Kelly
Associate Analyst
(612) 334-6326
george.kelly@craig-hallum.com
Mitchell Bartlett is a Senior Research Analyst covering internet companies, both consumer and business-to-business. Prior to joining Craig-Hallum, Mr. Bartlett owned and managed Talaria Partners, a L/S emerging growth equity fund based in Wayzata, Minnesota. Between 2000 and 2002 he was a senior research analyst with Amerindo Investment Advisors. In the 1990s, he was the senior consumer retail analyst and later, consumer internet analyst and co-head of technology research at Dain Rauscher Wessels and its predecessor, Wessels, Arnold & Henderson. Before moving to Minnesota, Mr. Bartlett began his career with EF Hutton Capital Markets in New York, and later joined Merrill Lynch as a senior high yield research analyst covering consumer, retail and selected technology industries. Mr. Bartlett received a B.A. in Economics from the University of California, Santa Barbara and an M.B.A. from Indiana University.
~~~~~~~~~~~
-------------------------------------------------------------------------------------------------------------------------------
Contact Details for Craig Hallum's Minneapolis HQ and Its Boston and Philadelphia Offices >>
-------------------------------------------------------------------------------------------------------------------------------
www.craig-hallum.com/contact-us/ excerpts:
Craig-Hallum Capital Group LLC
ABOUT US | MANAGING PARTNERS | OUR COMPANY STORY | TESTIMONIALS
CONTACT US
OUR OFFICES
Minneapolis Corporate Headquarters
Craig-Hallum Capital Group LLC
222 South Ninth Street, Suite 350
Minneapolis, MN 55402
(612) 334-6300 main
(800) 752-1476 toll free
(612) 334-2889 trading
(612) 334-6399 fax
Boston
Craig-Hallum Capital Group LLC
175 Federal Street, Suite 1480
Boston, MA 02110
(617) 275-5180 main
Philadelphia
Craig-Hallum Capital Group LLC
1055 Westlakes Dr, Suite 300
Berwyn, PA 19312
(610) 727-3843 main
General Requests
Investment Banking: ib@craig-hallum.com
Institutional Sales: inst.sales@craig-hallum.com
Other: go2info@craig-hallum.com
©2015 Craig-Hallum Capital Group LLC. All Rights Reserved. Member FINRA and SIPC.
---------------------
[ See More:
Kevin Riley's Full Article on Benzinga.com >>
www.benzinga.com/analyst-ratings/analyst-color/15/04/5447894/godaddy-initiated-at-craig-hallum
The Original Report (Craig-Hallum 'Client Login' Required) >>
http://rsh.craig-hallum.com/research/search?ticker=gddy&submit=GO
BIOs For Graig-Hallum's Senior Analysts >>
www.craig-hallum.com/research/senior-analyst/
Contact Details for Craig Hallum's Minneapolis HQ and Its Boston and Philadelphia Offices >>
www.craig-hallum.com/contact-us/ ]
"The $30 price target was based on 16.5x the firm’s 2016 EBITDA estimate of $360 million."
"The analysts pointed out that other internet category leaders had a lower growth rate than GoDaddy, however, they carried a premium multiple of 19x 2016 EBITDA."
----------------------------------------------------------------------------------
www.benzinga.com/analyst-ratings/analyst-color/15/04/5447894/godaddy-initiated-at-craig-hallum excerpts:
GoDaddy Initiated At Craig-Hallum
Kevin Riley , Benzinga Staff Writer April 28, 2015 1:25pm
Related GDDY
Craig-Hallum Initiates GoDaddy At Buy
Benzinga's Top Initiations
GoDaddy ending NASCAR deal, plans to retain Patrick (Seeking Alpha)
Craig-Hallum initiated coverage on Godaddy Inc GDDY 1.37% Monday with a Buy rating and $30 price target.
Analysts Mitchell Bartlett and George A. Kelly felt that GoDaddy was a leader in the rapidly growing web services industry.
The analysts expected a multi-year period of 12 percent to 15 percent organic growth with the potential for growth to accelerate “as the company shifts focus to international markets and higher-end business applications.”
“The race is on among a handful of well-funded players that have emerged over the past several years. We see the winners ultimately having tens of millions of worldwide subscribers, delivering a range of valuable services to this hard to reach audience,” [...]
[...]
Latest Ratings for GDDY
Date | Firm | Action | From | To
Apr 2015 | Craig-Hallum | Initiates Coverage on | | Buy
View More Analyst Ratings for GDDY
View the Latest Analyst Ratings
Posted-In:
Craig-Hallum | George A. Kelly | Mitchell Bartlett | Price Target | Initiation | Analyst Ratings
Related Articles (GDDY)
Craig-Hallum Initiates GoDaddy At Buy
Benzinga's Top Initiations
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
-------------------------------------------------------------
BIOs For Graig-Hallum's Senior Analysts >>
-------------------------------------------------------------
www.craig-hallum.com/research/senior-analyst/ excerpts:
Mitchell Bartlett
Senior Research Analyst
(612) 334-6335
mitch.bartlett@craig-hallum.com
George Kelly
Associate Analyst
(612) 334-6326
george.kelly@craig-hallum.com
Mitchell Bartlett is a Senior Research Analyst covering internet companies, both consumer and business-to-business. Prior to joining Craig-Hallum, Mr. Bartlett owned and managed Talaria Partners, a L/S emerging growth equity fund based in Wayzata, Minnesota. Between 2000 and 2002 he was a senior research analyst with Amerindo Investment Advisors. In the 1990s, he was the senior consumer retail analyst and later, consumer internet analyst and co-head of technology research at Dain Rauscher Wessels and its predecessor, Wessels, Arnold & Henderson. Before moving to Minnesota, Mr. Bartlett began his career with EF Hutton Capital Markets in New York, and later joined Merrill Lynch as a senior high yield research analyst covering consumer, retail and selected technology industries. Mr. Bartlett received a B.A. in Economics from the University of California, Santa Barbara and an M.B.A. from Indiana University.
~~~~~~~~~~~
-------------------------------------------------------------------------------------------------------------------------------
Contact Details for Craig Hallum's Minneapolis HQ and Its Boston and Philadelphia Offices >>
-------------------------------------------------------------------------------------------------------------------------------
www.craig-hallum.com/contact-us/ excerpts:
Craig-Hallum Capital Group LLC
ABOUT US | MANAGING PARTNERS | OUR COMPANY STORY | TESTIMONIALS
CONTACT US
OUR OFFICES
Minneapolis Corporate Headquarters
Craig-Hallum Capital Group LLC
222 South Ninth Street, Suite 350
Minneapolis, MN 55402
(612) 334-6300 main
(800) 752-1476 toll free
(612) 334-2889 trading
(612) 334-6399 fax
Boston
Craig-Hallum Capital Group LLC
175 Federal Street, Suite 1480
Boston, MA 02110
(617) 275-5180 main
Philadelphia
Craig-Hallum Capital Group LLC
1055 Westlakes Dr, Suite 300
Berwyn, PA 19312
(610) 727-3843 main
General Requests
Investment Banking: ib@craig-hallum.com
Institutional Sales: inst.sales@craig-hallum.com
Other: go2info@craig-hallum.com
©2015 Craig-Hallum Capital Group LLC. All Rights Reserved. Member FINRA and SIPC.
---------------------
[ See More:
Kevin Riley's Full Article on Benzinga.com >>
www.benzinga.com/analyst-ratings/analyst-color/15/04/5447894/godaddy-initiated-at-craig-hallum
The Original Report (Craig-Hallum 'Client Login' Required) >>
http://rsh.craig-hallum.com/research/search?ticker=gddy&submit=GO
BIOs For Graig-Hallum's Senior Analysts >>
www.craig-hallum.com/research/senior-analyst/
Contact Details for Craig Hallum's Minneapolis HQ and Its Boston and Philadelphia Offices >>
www.craig-hallum.com/contact-us/ ]
