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GoDaddy Jumps on Revenue Beat, Price-Target Hike From Goldman

Cherella Cox

soared Thursday after it reported solid earnings, gave in-line guidance and received a price target boost from Goldman Sachs Group Inc. The company's fourth-quarter revenue was $695.8 million vs. analysts' estimates of $693.5 million. Earnings in the period were 24 cents a share on a diluted basis, topping analysts' expectations of 13 cents, according to Zacks.