GoDaddy (NYSE:GDDY) & Canna-Global Acquisition (NASDAQ:CNGL) Financial Analysis

GoDaddy (NYSE:GDDY) and Canna-Global Acquisition (NASDAQ:CNGL) are both computer and technology companies, but which is the better stock? We will contrast the two companies based on the strength of their dividends, risk, earnings, analyst recommendations, valuation, institutional ownership and profitability.

Analyst Recommendations

This is a breakdown of recent recommendations and price targets for GoDaddy and Canna-Global Acquisition, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
GoDaddy	0	6	7	1	2.64
Canna-Global Acquisition	0	0	0	0	0.00

GoDaddy presently has a consensus target price of $214.86, indicating a potential upside of 14.58%. Given GoDaddy’s stronger consensus rating and higher probable upside, equities analysts plainly believe GoDaddy is more favorable than Canna-Global Acquisition.

Earnings & Valuation

This table compares GoDaddy and Canna-Global Acquisition”s gross revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
GoDaddy	$4.66 billion	5.73	$936.90 million	$5.20	36.06
Canna-Global Acquisition	N/A	N/A	N/A	N/A	N/A

GoDaddy has higher revenue and earnings than Canna-Global Acquisition.

Volatility & Risk

GoDaddy has a beta of 1.13, indicating that its stock price is 13% more volatile than the S&P 500. Comparatively, Canna-Global Acquisition has a beta of -0.02, indicating that its stock price is 102% less volatile than the S&P 500.

Institutional and Insider Ownership

90.3% of GoDaddy shares are held by institutional investors. Comparatively, 19.5% of Canna-Global Acquisition shares are held by institutional investors. 0.6% of GoDaddy shares are held by insiders. Comparatively, 72.1% of Canna-Global Acquisition shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.

Profitability

This table compares GoDaddy and Canna-Global Acquisition’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
GoDaddy	20.49%	176.06%	8.94%
Canna-Global Acquisition	N/A	N/A	N/A

Summary

GoDaddy beats Canna-Global Acquisition on 10 of the 11 factors compared between the two stocks.

About GoDaddy

GoDaddy Inc. engages in the design and development of cloud-based products in the United States and internationally. It operates through two segments: Applications and Commerce, and Core Platform. The Applications and Commerce segment provides applications products, including Websites + Marketing, a mobile-optimized online tool that enables customers to build websites and e-commerce enabled online stores; and Managed WordPress, a streamlined and optimized website building that allows customers to easily build and manage a faster WordPress site; Managed WooCommerce Stores to sell anything and anywhere online; and marketing tools and services, such as GoDaddy Studio mobile application, search engine optimization, Meta and Google My Business, and email and social media marketing designed to help businesses acquire and engage customers and create content. The segment also offers connected commerce comprising Smart Terminal, a dual screen all-in-one Point-of-Sale system that allows customers to manage in-store inventory and product catalogs and take payments; GoDaddy Payments, a payment facilitator that enables customers to accept all major forms of payments; and email service plans with a multi-feature web interface, and Microsoft Office 365 accounts that connects to customers’ domains. The Core Platform segment offers domain products, including primary registrations, domain aftermarket platform, and domain name add-ons, as well as GoDaddy Registry, a provider of domain name registry services; and hosting and security services comprising shared website hosting, virtual private servers, and managed wordpress hosting services, as well as security products with a comprehensive suite of tools designed to help secure customers’ online presence. The company serves small businesses, individuals, organizations, developers, designers, and domain investors. GoDaddy Inc. was founded in 1997 and is headquartered in Tempe, Arizona.

About Canna-Global Acquisition

Canna-Global Acquisition Corp. does not have significant operations. The company intends to acquire and engage in a share exchange, share reconstruction, and amalgamation with one or more businesses or entities. It intends to focus its search of target business in the cannabis industry. The company was incorporated in 2021 and is based in Marina Del Rey, California.