GoDaddy Stock Target Cut to $93 as Wedbush Downgrades Rating

Wedbush Securities lowered GoDaddy's (NYSE:GDDY) price target from $109.00 to $93.00 while maintaining an "outperform" rating. The adjustment follows similar moves by other analysts, including William Blair, Deutsche Bank, Wells Fargo, Raymond James and JPMorgan, which revised their targets and ratings over the past week. GoDaddy opened at $82.79, reported earnings of $1.83 per share—above the $1.69 consensus—and posted quarterly revenue of $1.30 billion.

Bank of America reaffirmed its "underperform" rating on Best Buy (NYSE:BBY) with an $80.00 price target, indicating a potential 7.2% downside. Other analysts have issued mixed views: Evercore raised its target to $85, Loop Capital cut its rating to "hold" with an $82 target, Goldman Sachs assigned a "sell" rating with a $62 target, and Telsey Advisory gave an "outperform" rating at $90. Best Buy opened at $86.19, posted earnings of $1.28 per share—beating the $1.23 estimate—and recorded quarterly revenue of $8.94 billion.