Why is GoDaddy stock climbing today?

GoDaddy shares rose about 3.5%-3.7% in morning trading to around $88.57-$89.22 as the stock continued a rebound from its mid-June 52-week low of $71.59, gaining roughly 24% in recent weeks. The article says there was no single company-specific catalyst, but the move was driven by several factors: GoDaddy’s addition to the Russell 2500 and Russell 2500 Growth indexes after June 26 reconstitution, which can trigger passive inflows; J.P. Morgan’s reiterated Buy rating near recent lows; and Q1 2026 results that beat expectations on both EPS and revenue. The stock also outperformed a weak broader market, with the Nasdaq down 1.1%, suggesting investors were rotating into lagging, lower-valuation tech names. Near-term sentiment may depend on upcoming August earnings and progress on the Airo platform.