GoDaddy (GDDY) Stock Closed Higher Ahead of Tuesday's Earnings Release

NEW YORK (TheStreet) -- Shares of GoDaddy Inc (GDDY) finished Monday's regular trading session up 3.22% to $25.68, one day ahead of its first earnings release since its debut in April.

GoDaddy is scheduled to report its quarterly earnings report after the market closes on Tuesday.

The web-hosting company has earned seven "buy" ratings with an average price target of $31.86 per share from analysts, according to the Wall Street Journal.

RBC Capital and JMP Securities initiated coverage with "outperform" ratings and $30 price targets.

The most optimistic outlook came from Piper Jaffray, which gave GoDaddy an "overweight" rating and a $36 price target.

On April 1, GoDaddy made its debut on the trading floor and raised about $460 million with their offer price of $20 per share.

Revenue grew about 52% in the past three years to nearly $1.39 billion, the Journal reports.

Shares of GoDaddy are slightly lower by 0.08% to $25.66 in after-hours trading today.

GoDaddy manages about 59 million Internet domains, and is expanding into new areas including internationally.

GDDY ChartGDDY data by YCharts

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