9 Best Software Infrastructure Stocks to Buy Now

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6. GoDaddy Inc. (NYSE:GDDY)

Number of Hedge Fund Holders: 57

On May 1, Alec Brondolo from Wells Fargo lifted the price target on GoDaddy Inc. (NYSE:GDDY) to $83 from $77 and reiterated an Equal Weight rating. In its analysis, the firm highlighted the company’s Q1 EPS. Although the booking outlook is encouraging, intensifying competition signals further volatility in the times ahead, the firm noted.

On the same day, several other analysts revisited their take on GoDaddy Inc. (NYSE:GDDY). Raymond James maintained a Strong Buy rating and a price target of $100 on the company. The firm believes AI is an emerging opportunity for the company. On the other hand, Alexei Gogolev, an analyst at JPMorgan, cut the company’s price target from $167 to $154 and reiterated an Overweight rating.

When GoDaddy Inc. (NYSE:GDDY) announced its Q1 FY26 earnings report a day earlier, it reported EPS above consensus estimates and revenue in line with forecasts. What stood out the most was the company’s 6% YoY revenue surge to $1.3 billion, which was towards the high end of its projection. With a focus on operational efficiency and strategic growth, the company stands among the best software infrastructure stocks to buy now.

GoDaddy Inc. (NYSE:GDDY) is an Arizona-based developer of cloud-based products. Founded in 1997, the company operates through two segments: Applications and Commerce, and Core Platform. The company’s core offerings include application products, website building, and marketing tools and services.

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 the cheapest AI stock.

Click to continue reading and see the 5 Best Software Infrastructure Stocks to Buy Now.

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