GoDaddy to buy Host Europe for $1.82 billion
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Oppenheimer Reiterates Outperform on GoDaddy (GDDY) Following Announced Host Europe Group Acquisition
December 7, 2016 9:54 AM ESTOppenheimer reiterated an Outperform rating and $43.00 price target on GoDaddy Inc (NYSE: GDDY) following the company's announced acquisition of Host Europe Group (HEG). Management estimates core HEG 2016 bookings/adjusted EBITDA $236M/$98M, with PlusServer at $92M/ $41M.
Analyst Jason Helfstein commented, "Pre-open, GoDaddy... More
RBC Positive on GoDaddy's (GDDY) Move to Acquire Host Europe Group; Affirms at 'Outperform'
December 6, 2016 12:55 PM ESTRBC Capital affirms GoDaddy (NYSE: GDDY) at Outperform with a price target of $40 after the company announced plans to acquire Host Europe Group for around $1.8 billion.
The firm commented today:
Our Strategic View on the Deal: We view this deal both strategically and financially as positive. By acquiring HEG, GDDY will expand its international footprint (accelerating... More