Piper Sandler analyst Clarke Jeffries upgraded Wix.com (WIX) to Overweight, citing its strong growth potential and improved free cash flow margins. While Jeffries remains skeptical about Wix’s short-term growth projections, he sees long-term value in the company’s ability to expand margins and outpace competitors like GoDaddy and Squarespace.
Several top Wall Street analysts have changed their outlook on major companies like Microsoft, General Motors, GoDaddy, Ulta Beauty, and S&P Global. This article details these changes and provides insights into the reasons behind them.
GoDaddy is expanding its presence in the digital marketing space with the launch of its all-in-one Digital Marketing product, designed to empower small business owners with simplified and enhanced online marketing solutions. This comprehensive platform, with AI-powered features, caters to the specific needs of small businesses looking to navigate the competitive digital landscape. GoDaddy’s recent strategic moves, including a new customer onboarding path, an expanded GenAI Prompt Library, and the introduction of a versatile Point of Sale terminal, demonstrate its commitment to empowering small businesses and fostering their growth. The company’s projected revenue growth and positive analyst outlook suggest a promising future for GoDaddy.
