GoDaddy Inc. $GDDY - A Valuation On 26th August 2021

GoDaddy is the dominant force in domain name registrations. This market is slowing, but the hosting and applications markets are growing, which is what the company is targeting for growth.

Summary

GoDaddy is the market leader in domain name registrations, with 22% of domain names registered worldwide. The domain market is slowing, but the hosting and applications markets are growing rapidly. GoDaddy will use its market-leading position in domains to attract new customers and then up/cross-sell hosting and application services. This will dr…