Are You a Growth Investor? This Stock Could Be Your Perfect Investment
Investors of all ages share the common goal of taking full advantage and investing with confidence.
Many investors have a standard method to guide them in their purchase and sale decisions. Zacks Style scores are indicators that help you find the best stocks based upon your preferred method of investing. They rate stocks according to three types of investing: value, momentum, and growth.
Why You Should Have This 1 Growth Stock on Your Watchlist
Growth-oriented investors look at the future prospects of a stock and how it will perform in comparison to momentum or value investors. To find stocks that can sustain long-term growth, they will be looking at the Growth Style Score. It analyzes historical and projected earnings as well as sales to determine which stocks are most likely to achieve sustainable growth.
GoDaddy (GDDY)
GoDaddy, a web hosting and Internet domain registrar based in Scottsdale, Arizona, sells e-business software and services. The company specializes in the development and design of cloud-based technology products that are suitable for small businesses, web designers and individuals.
GDDY is a Zacks Rank #2 (Hold) Stock with a Growth Score Score of A, and a VGM score of B. For the current fiscal year, earnings are expected to increase 56.3% year over year with sales growth of 7.3%.
In the 60 days since fiscal 2022, two analysts have revised their earnings estimates upwards. The Zacks Consensus Expected Earnings has increased $0.02 – $2.22 per Share. GDDY boasts an average earnings surprise (13.1%)
GoDaddy’s cash flow growth has been 23.5% in the past and it is expected that this year will see cash flow growth of 6.9%.
Investors should consider GDDY as a potential investment due to its strong Zacks Rank rating and notable growth metrics. It also has impressive Growth and VGM Style Scores.
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GoDaddy Inc. (GDDY) : Free Stock Analysis Report