10 Best Magic Formula Stocks for 2026

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1. GoDaddy Inc. (NYSE:GDDY)

Share Price Upside: 86.1%

Number of Hedge Fund Holders: 57

GoDaddy Inc. (NYSE:GDDY) is among the 10 Best Magic Formula Stocks for 2026. On February 23, Benchmark cut its price target on the stock to $210 from $240, while keeping a Buy rating, as part of the fourth quarter earnings preview.

During the day, Jefferies analyst Brent Thill also slashed the price target to $100 from $140 with a Hold rating. The firm noted that application software stocks were being impacted more by the ongoing negative sentiment than overall software companies, citing it as the reason for the adjustment.

Based on the recommendations of 10 analysts, GoDaddy Inc. (NYSE:GDDY) is a Moderate Buy with an average share price upside potential of 86.1% as of the close on February 23.

In other news, on February 19, the company announced that its Agent Name Service (ANS) had integrated with Salesforce’s MuleSoft Agent Fabric. This is expected to help businesses discover and confirm the identities of AI agents, thereby reducing risks to data integrity and security.

GoDaddy Inc. (NYSE:GDDY) is a leading domain name registrar, serving millions of entrepreneurs worldwide in the growth and expansion of their businesses.

While we acknowledge the potential of GDDY to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GDDY and that has 100x upside potential, check out our report about this cheapest AI stock.

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