GoDaddy: The activist investor Starboard Value sees the company as significantly undervalued. 40% discount to the peer group!

The activist investor Starboard Value is invested in Godaddy. In yesterday's letter to shareholders, they point out that the FCF multiple is at least 40% undervalued. B.Riley raised the target to $107 today. The market could start to play a reduction of the undervaluation and the big picture breakout could start. Godaddy (GDDY) is the world's largest registrar of confirmed domains, a provider of web hosting services, and tools for building websites, email and marketing. The SMB market is covered. For Godaddy has a predictable and recurring...