GoDaddy Inc. (GDDY): Jim Cramer Is Surprised At Morgan Stanley's Report

We recently published 10 Stocks Jim Cramer Discussed As He Asserted He Could Beat The Government’s Numbers. GoDaddy Inc. (NYSE:GDDY) is one of the stocks Jim Cramer recently discussed.

GoDaddy Inc. (NYSE:GDDY) is an internet company that enables businesses to establish an online presence by setting up their websites. Its shares have lost 28% year-to-date after suffering from a steep 14% drop in February and an 11% dip in August. GoDaddy Inc. (NYSE:GDDY)’s shares fell in February after a fourth quarter revenue dip, while the August drop was driven by a weak EPS number, which beat analyst estimates by a rather modest three cents. Cramer discussed Morgan Stanley’s decision to include GoDaddy Inc. (NYSE:GDDY) on its list of firms at risk from AI-led disruption, as he mentioned the firm’s advertisement with actor Walton Goggins:

“[On being included in Morgan Stanley’s basket of companies at AI risk] Oh come on, Goggins, man!”

Here are Cramer’s earlier thoughts about GoDaddy Inc. (NYSE:GDDY):

“As did by the way GoDaddy. . . I have GoDaddy on, I was kind of like, wow, that happened fast.

“[On telling GDDY being a proxy for small business] I can, I had them on and I had to believe that some what of an execution issue. Again, by the way, they are fantastic, at what they do, so, if I didn’t see the small business index and Paychex do so well, I would say this. This is kind of like ADP. I mean was ADP a head fake? Was it a misdirection play yesterday? Maybe GoDaddy’s a misdirection play, when I see this, the Paychex data.”

While we acknowledge the potential of GDDY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.