Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>GoDaddy Inc. reported a strong performance in the third quarter of 2024, showcasing effective execution of strategic initiatives focused on enhancing customer experience and profitability.</li><li>The company made substantial progress in its Innovation and Operational Efficiency program, which capitalizes on its extensive data resources, software platforms, and machine learning to refine pricing, product bundles, and customer engagement.</li><li>These efforts resulted in several noteworthy achievements, with free cash flow rising by 29% year-over-year and application and commerce bookings growing 20%, reflecting positive outcomes from ongoing pricing and bundling initiatives.</li></ul>

GoDaddy Inc. reported a strong performance in the third quarter of 2024, showcasing effective execution of strategic initiatives focused on enhancing customer experience and profitability.The company made substantial progress in its Innovation and Operational Efficiency program, which capitalizes on its extensive data resources, software platforms, and machine learning to refine pricing, product bundles, and customer engagement.These efforts resulted in several noteworthy achievements, with free cash flow rising by 29% year-over-year and application and commerce bookings growing 20%, reflecting positive outcomes from ongoing pricing and bundling initiatives.

GoDaddy Inc.: Enhanced Monetization Capabilities Through Platforms Like Airo Upping Their Game! - Major Drivers

<ul><li>GoDaddy's second quarter 2024 financial results showcase a strong performance, reflecting the company's commitment to advancing its digital services platform and boosting user engagement through innovative tools like Airo, its AI-powered experience.</li><li>By focusing on strategic investments, efficiency improvements, and expanding its product offerings, GoDaddy continues to support its profitable growth model, with a clear aim to maximize long-term free cash flow.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

GoDaddy's second quarter 2024 financial results showcase a strong performance, reflecting the company's commitment to advancing its digital services platform and boosting user engagement through innovative tools like Airo, its AI-powered experience.By focusing on strategic investments, efficiency improvements, and expanding its product offerings, GoDaddy continues to support its profitable growth model, with a clear aim to maximize long-term free cash flow.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

GoDaddy Inc.: Is Their Increased Focus on Artificial Intelligence (AI) & Automation Enough To Warrant A Bullish Rating? - Major Drivers

<ul><li>GoDaddy's first quarter results for 2024 demonstrate a strong start to the year and contribute to the positive reputation of the company.</li><li>Notably, through their free cash flow, the company has achieved growth of 26% year-over-year, thanks to their profitable growth model that converts customer value to shareholder value.</li><li>This has been largely driven by a surge in the applications and commerce sector, which has seen bookings growth of 22% and normalized EBITDA margin expansion of 400 basis points.</li></ul>

GoDaddy's first quarter results for 2024 demonstrate a strong start to the year and contribute to the positive reputation of the company.Notably, through their free cash flow, the company has achieved growth of 26% year-over-year, thanks to their profitable growth model that converts customer value to shareholder value.This has been largely driven by a surge in the applications and commerce sector, which has seen bookings growth of 22% and normalized EBITDA margin expansion of 400 basis points.

GoDaddy Inc.: Utilizing Data and AI for Pricing and Bundling & Other Major Drivers

US-EU Index Rebalances / Quantitative Researcher, Ortex

Dimitris Ioannidis

US-EU Index Rebalances / Quantitative Researcher

Global Financial Data and Analytics Platform

Ortex

ORTEX is a global financial data and analytics platform providing real-time securities lending and short interest data, index rebalance data, holdings and insider transactions, trading signals, corporate actions and news,  stock machine learning and factor scores and other analytics. The majority of the data are downloadable and accessible through APIs.

Event-Driven

<ul>
<li>Index Committee's discretion decreases the predictability of index changes. Even when a company passes all eligibility criteria and thresholds, it might still not be selected.</li>
<li>Understanding triggers for index changes, types of additions/deletions and selection patterns, narrows down the pool of candidates and increases conviction of forecasts.</li>
<li>
<a href="https://www.smartkarma.com/entities/dell-technologies-inc" target="_blank" data-smartkarma-citation="entities:32189:1" rel="noopener">Dell Technologies (DELL US)</a> is currently the main candidate to be added by transition to the S&amp;P 500 in September 2024 Quarterly Rebalance.</li>
</ul>


Index Committee's discretion decreases the predictability of index changes. Even when a company passes all eligibility criteria and thresholds, it might still not be selected.
Understanding triggers for index changes, types of additions/deletions and selection patterns, narrows down the pool of candidates and increases conviction of forecasts.

Dell Technologies (DELL US) is currently the main candidate to be added by transition to the S&amp;P 500 in September 2024 Quarterly Rebalance.


S&P 500 / S&P 1500: Deriving Forecasts & First Prediction for September

<ul><li>In summarizing GoDaddy's fourth quarter and annual 2023 results, it appears like the company has maintained a steady growth trajectory, particularly in its Applications & Commerce segment that achieved a 16% bookings growth.</li><li>The company has also successfully driven a 2023 normalized EBITDA margin that surpassed previous guidance due to its investment in growth and cost structure management.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

In summarizing GoDaddy's fourth quarter and annual 2023 results, it appears like the company has maintained a steady growth trajectory, particularly in its Applications & Commerce segment that achieved a 16% bookings growth.The company has also successfully driven a 2023 normalized EBITDA margin that surpassed previous guidance due to its investment in growth and cost structure management.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

GoDaddy Inc: A Story Of Penetration of Existing Customer Base with Payment Services! - Major Drivers

United States

GoDaddy, Inc. provides a cloud-based web platform for small businesses, web design professionals and individuals. The Company's platform provides applications that help them connect to their customers, manage their businesses and get found online.

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Godaddy Inc Class A (GDDY US)

GoDaddy Inc.: Enhanced Monetization Capabilities Through Platforms Like Airo Upping Their Game! - Major Drivers

GoDaddy Inc. reported a strong performance in the third quarter of 2024, showcasing effective execution of strategic initiatives focused on...

Baptista Research

GoDaddy Inc.: Is Their Increased Focus on Artificial Intelligence (AI) & Automation Enough To Warrant A Bullish Rating? - Major Drivers

GoDaddy's second quarter 2024 financial results showcase a strong performance, reflecting the company's commitment to advancing its digital...

Baptista Research

GoDaddy Inc.: Utilizing Data and AI for Pricing and Bundling & Other Major Drivers

GoDaddy's first quarter results for 2024 demonstrate a strong start to the year and contribute to the positive reputation of the company. Notably,...

Baptista Research

S&P 500 / S&P 1500: Deriving Forecasts & First Prediction for September

S&P Index Committee's discretion reduces predictability of index changes. Identifying patterns and types of changes, narrows down the addition...

Dimitris Ioannidis

GoDaddy Inc: A Story Of Penetration of Existing Customer Base with Payment Services! - Major Drivers

In summarizing GoDaddy's fourth quarter and annual 2023 results, it appears like the company has maintained a steady growth trajectory,...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

GoDaddy Inc.: Enhanced Monetization Capabilities Through Platforms Like Airo Upping Their Game! - Major Drivers

GoDaddy Inc. reported a strong performance in the third quarter of 2024, showcasing effective execution of strategic initiatives focused on...

Baptista Research

GoDaddy Inc.: Is Their Increased Focus on Artificial Intelligence (AI) & Automation Enough To Warrant A Bullish Rating? - Major Drivers

GoDaddy's second quarter 2024 financial results showcase a strong performance, reflecting the company's commitment to advancing its digital...

Baptista Research

GoDaddy Inc.: Utilizing Data and AI for Pricing and Bundling & Other Major Drivers

GoDaddy's first quarter results for 2024 demonstrate a strong start to the year and contribute to the positive reputation of the company. Notably,...

Baptista Research

S&P 500 / S&P 1500: Deriving Forecasts & First Prediction for September

S&P ​Index Committee's discretion reduces predictability of index changes. Identifying patterns and types of changes, narrows down the addition...

Dimitris Ioannidis

GoDaddy Inc: A Story Of Penetration of Existing Customer Base with Payment Services! - Major Drivers

In summarizing GoDaddy's fourth quarter and annual 2023 results, it appears like the company has maintained a steady growth trajectory,...

Baptista Research

S&P Index Committee's discretion reduces predictability of index changes. Identifying patterns and types of changes, narrows down the addition...