Analysts Dig GoDaddy Upside, but Shun Virtu and Etsy

24/7 Wall St. has identified a summary of each analyst call that we have seen. Additional information has been provided if there was more detail available.

GoDaddy has seen its quiet period come to an end, with most of the firms giving it positive coverage. It previously closed at $24.88 and has a post-IPO range of $20.00 to $27.27. GoDaddy shares were last seen trading up about 3.1% at $25.66 in midday trading on Monday. The following coverage was seen on GoDaddy’s stock outlook:

• Started as Overweight at Barclays, with a $32 price target
• Started as Buy at Citigroup, with a $32 price target
• Started as Overweight at JPMorgan, with a $33 price target
• Started as Buy at Deutsche Bank, with a $31 price target
• Started as Overweight at Morgan Stanley, with a $29 price target
• Started as Outperform at Oppenheimer, with a $31 price target
• Started as Outperform at Piper Jaffray, with a $36 price target
• Started as Outperform at RBC Capital Markets, with a $30 price target
• Started as Hold at Stifel

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Virtu saw its quiet period end, with analysts being much more conservative. Its shares previously closed at $22.30, against a post-IPO range of $20.75 to $24.25. The shares were lower in early trading, but they were last seen up 1.1% at $22.56 in midday trading on Monday. These are the research reports we saw summarized on Virtu:

• Started as Market Perform at BMO Capital Markets, with a $24 price target
• Started as Buy at Evercore ISI, with a $25 price target
• Started as Neutral at JPMorgan, with a $22 price target
• Started as Buy at UBS, with a $25 price target
• Started as Neutral at Goldman Sachs, with a $23 price target

Etsy was seen with cautious coverage on Monday. Shares were down 9% at $20.65 in mid-Monday trading, within a post-IPO range of $20.10 to $35.74. In fact, that $20.10 post-IPO low was also on Monday. Analysts gave the following coverage:

• Started as Neutral at Goldman Sachs, with a $20 price target
• Started as Equal Weight at Morgan Stanley, with a $20 price target
• Downgraded to Underperform from Sell at Wedbush Securities, with a $14 price target

Sometimes you see analysts get very aggressive on hot IPOs. Sometimes you see them be very cautious. Monday’s market saw a little bit of each.

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