Tech, Media & Telecom Roundup: Market Talk
Updated Nov. 22, 2023 12:29 pm ETThe latest Market Talks covering Technology, Media and Telecom. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.1123 ET — GoDaddy is a structurally differentiated, durably growing cash machine that should benefit from its hedged customer acquisition model, RBC analysts say in a research note. The online services platform could also gain outsized benefit as AI tools reduce customer acquisition friction, analysts say. “While ratings across our coverage assume a stable macro, there are very few companies in our universe that could actually hit 24’ estimates under incremental macro duress – we believe GoDaddy would be one.” RBC upgrades its recommendation on the stock to outperform from sector perform, lifts its 24’ estimates sli...