GoDaddy Inc. (GDDY) Launches Verified AI Agent Platform Amid Analyst Confidence in Growth Strategy

GoDaddy Inc. (NYSE:GDDY) is one of the best beaten-down technology stocks to buy, according to hedge funds. On December 18, GoDaddy Inc. (NYSE:GDDY) unveiled a new Agent Name Service (ANS) Marketplace. ANS is a new marketplace for verified AI agents that ensure the highest level of trust and security in the growing AI ecosystem.

GoDaddy Inc. (GDDY) Launches Verified AI Agent Platform Amid Analyst Confidence in Growth Strategy

The marketplaces showcase a variety of AI agents, including Brand Advisor, Home Page Advisor, and Social Media Post Generator, designed to perform various business-related tasks. It also comes with AI agents generated from WordPress WooCommerce stores hosted on GoDaddy’s platform, designed to assist in customer inquiries and product information.

ANS is also designed to keep the internet and people from rogue artificial intelligence agents, as it pairs human-readable names with cryptographically verifiable identities so that agents can be discovered.

“ANS is about making AI agents as discoverable and trustworthy as domains and websites,” said Travis Muhlestein, GoDaddy chief technology officer for product & AI. “With the ANS Marketplace, we’re showing people what trusted agents can do and giving a clear, ANS-backed standard for what ‘trustworthy agents’ actually means.”

The unveiling of the AI agents marketplace comes on the heels of RBC Capital reiterating its Outperform rating and $200 price target. The positive stance is in response to the company’s development of AI offerings spearheaded by Airo capabilities.

On December 4, Benchmark reaffirmed its Buy rating and $240 price target on GoDaddy Inc. (NYSE:GDDY) after the company’s Investor Dinner, citing stronger confidence in its competitive position, agentic ecosystem, and AI economics. The firm highlighted GoDaddy’s two-year investment in its Data Platform, serving 21 million customers, as a driver of future revenue and efficiency gains, noting that this strategy remains underappreciated by the market. Management also confirmed that the Airo.ai product is in final testing and set to exit beta soon, with monetization expected to begin immediately thereafter.

GoDaddy Inc. (NYSE:GDDY) is a leading global provider of domain registration and web hosting, offering an all-in-one platform for small businesses and individuals to build, grow, and manage their online presence with tools for websites, marketing, security, and e-commerce, all supported by expert guidance.

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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Disclosure: None. This article is originally published at Insider Monkey.