GMBStaff

 17 Oct 23

tl;dr

<p>GoDaddy has received a Perform rating from Oppenheimer due to concerns about its pursuit of higher-value customers. While the strategy may initially result in increased revenue, Oppenheimer warns that it may not be sustainable in the long run and could lead to increased competition and a po...

GoDaddy (NYSE: GDDY) has been initiated at Oppenheimer with a Perform rating. The concern is over the company's pursuit of higher-value customers. Oppenheimer is warning that this approach may not be sustainable in the long term. GoDaddy's focus on higher-value customers could lead to increased competition and a potential slowdown in customer acquisition. This rating reflects a cautious stance on the company's growth strategy.

Oppenheimer's Perform rating for GoDaddy is based on concerns about the company's pursuit of higher-value customers. While GoDaddy's strategy may initially result in increased revenue and customer value, Oppenheimer warns that it may not be sustainable in the long run. The focus on higher-value customers could lead to increased competition from other players in the market, making it more challenging for GoDaddy to maintain its growth trajectory. Additionally, a slowdown in customer acquisition due to increased competition could hamper the company's overall growth prospects. Oppenheimer's rating reflects a cautious outlook on GoDaddy's business strategy and its potential impact on the company's future performance.

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