Thanks Chris for pointing other factors to considerMost current hosting packages will be sufficient for hosting XenForo.
The mindset you need to be in, however, is "is this company going to provide good value for money? good support? cater for future growth of my website?".
Technically speaking, I would not advise any site which uses php or MySQL to use GoDaddy as a web host. You need only do a quick Google or DuckDuckGo or Bing Search to discover the overwhelming response people feel when using even as simple as WordPress; fails on GoDaddy.For xenForo, will godaddy hosting specifications be suitable?