GoDaddy's applications and commerce segment grew 11.6% year over year in the first quarter of 2026, while its new Airo AI Builder achieved a multimillion-dollar annualized bookings run rate within weeks of its beta launch. Total revenue reached $1.3 billion, a 6% increase, with domain registration contributing $768.7 million and applications and commerce making up the remaining 39.3%. The stock trades at an 8.5 forward price-to-earnings ratio after a 35% year-to-date decline, which the author argues makes it an underrated value play with steady growth and a margin of safety.
Godaddy IncArticle argues GoDaddy is an underrated value stock with low P/E and steady growth, implying upside.