On Monday, GoDaddy stock received a positive adjustment to its Relative Strength (RS) Rating, from 65 to 93. The domain registrar and web services company reported Q3 earnings of 89 cents vs. 63 cents for the same period a year ago, a 41% increase. Revenue came in at $1.07 billion, a 4% rise from a year ago.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength. This exclusive rating from Investor's Business Daily tracks price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating as they begin their biggest price moves.
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Is GoDaddy Stock A Buy?
GoDaddy stock surged 13% on Friday on Q3 earnings results. The stock is not currently offering a proper buying opportunity. See if the GoDaddy stock goes on to form a sound pattern that could launch a new move.
GoDaddy stock earns the No. 23 rank among its peers in the Computer Software-Enterprise industry group. Docebo, Cloudflare and ServiceNow are among the top 5 highly rated stocks within the group.
