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GoDaddy (NYSE:GDDY) will likely focus on the capabilities of Airo, its generative artificial intelligence offering, when it holds Investor Day 2024 at 3 pm EST on Wednesday.
Last month, the web hosting company announced some of the capabilities and benefits of GoDaddy Airo, “an AI-powered solution that saves small business owners precious time in establishing their online presence and helps them win new customers.”
“Generative AI is the great equalizer for small businesses,” said GoDaddy President Gourav Pani. “Technology and capabilities usually reserved for large companies with thousands of employees are now at the fingertips of anyone looking to start or grow their business.”
“We suspect management will provide more granularity regarding the performance of the interface and its impact on cross-sell behavior,” wrote Baird Equity in a report. “We think continued success with the Airo launch could allow investors to gain incremental comfort around a path to Applications and Commerce growth acceleration in the coming years.”
Baird continues to hold a positive review of GoDaddy and rates the stock Outperform with a price target of $130.
