11:18 AM EST, 02/14/2025 (MT Newswires) -- GoDaddy's ( GDDY ) Q4 performance extended to the bottom line, as the company is poised to return to client growth this year, Morgan Stanley said in a Friday note.

The company will see bookings and revenue growth as the year-end was "solid" and GoDaddy ( GDDY ) is focused on higher-value clients who "retain and monetize better," the note added.

Morgan Stanley said that roughly all of the firm's clients are now on the integrated platform, which has a more than 85% retention rate.

Additionally, GoDaddy ( GDDY ) has mostly surpassed the headwinds stage due to asset divestitures and migrations in the last two years, the note said.

Morgan Stanley raised GoDaddy's ( GDDY ) price target to $228 from $227 and maintained an equalweight rating on the stock.

Shares of the company were down 12% in recent Friday trading.

Price: 187.61, Change: -24.93, Percent Change: -11.73