GoDaddy: Terrible Value For A Commoditized Service With Limited Growth [Seeking Alpha]
Squarespace, Inc. Class A (SQSP)
Company Research
Source: Seeking Alpha
8min Summary Initiating GoDaddy at a sell rating, and recommending investors take profits after a sharp YTD rally on this stock. GoDaddy's growth rates are slowing to single digits, and its services are highly commoditized with intense competition from Wix, Squarespace, and Wordpress. Activist investor Starboard Value has also trimmed its position in GoDaddy after pushing for changes late last year. The stock's revenue multiple sits above most of its peers, and is overvalued for such minimal growth prospects. metamorworks With the stock market stretching continually toward new all-time highs, it has become more important than ever, in my view, to exercise careful stock-picking. In particular, we should take a close look at some of this year's biggest tech winners and determine if there is really any fundamental driver for them to continue their win streaks. GoDaddy ( NYSE: GDDY ), the website hosting service, has reached the end of its rope. The company began its win
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SQSP
News
- How To Become A Web Designer In 2024 [Forbes]Forbes
- Squarespace Refresh 2024: Introducing a New Era for Entrepreneurs [Yahoo! Finance]Yahoo! Finance
- Squarespace Refresh 2024: Introducing a New Era for EntrepreneursPR Newswire
- Squarespace Refresh 2024: Introducing a New Era for EntrepreneursPR Newswire
- SQSP Merger Update: Johnson Fistel Continues to Investigate Squarespace and its Directors and Management Following Criticism of the Deal ValuationGlobeNewswire
SQSP
Earnings
- 8/2/24 - Miss
SQSP
Sec Filings
- 9/26/24 - Form SC
- 9/26/24 - Form SC
- 9/26/24 - Form SC
- SQSP's page on the SEC website