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  "documentTitle": "GoDaddy Inc. (GDDY)",
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  "authorName": "Peter A. Feld",
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  "presentationDate": "2024-01-31 00:00:00",
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      "text": "To achieve such an outcome, GoDaddy must set proper targets and then consistently execute against them.",
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      "text": "Comparison of current price ($108) vs FY2026 upside at current multiple ($170) and historical/peer multiples ($200+)",
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      "text": "free cash flow per share: $200+",
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      "kind": "paragraph",
      "text": "believe it is important for GoDaddy to provide specific, quantitative metrics and KPIs for these initiatives that investors can track in order to measure progress and ensure accountability.",
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      "kind": "paragraph",
      "text": "On margins, we believe it would be helpful for the Company to provide investors a detailed bridge of the path to margin expansion over the projection period...",
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      "kind": "paragraph",
      "text": "If the Company successfully executes against the targets we have outlined above and uses its free cash flow for share repurchases, we believe GoDaddy can generate more than $9.00 of free cash flow per share in FY2024...",
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      "kind": "paragraph",
      "text": "Finally, considering the Company's robust and increasing free cash flow generation, we would like to see the Company continue its share repurchase program...",
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      "kind": "source-note",
      "text": "Source: Capital IQ, Bloomberg, Starboard estimates. Market data as of January 26, 2024.",
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      "kind": "title",
      "text": "Illustrative GoDaddy Upside Scenarios",
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