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.