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Issue:

History

 

Written by:

Corey H

 

Date added:

March 2, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 369

 

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"Over the next five years, we estimate the paid search industry will grow at a 37-percent CAGR [compound annual growth rate] to more than $33 billion in 2010, and we expect Google to capture the lion's share of that revenue and grow faster than the market as a whole," Rashtchy wrote in the Google research note...
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Rashtchy also raised the one-year price target for of Google's stock from $445 to $600, based on the company's dominance of a strong overall market, new initiatives like Google Base, and other factors. Google shares closed Tuesday at just over $435. In the Internet Industry report, Rashtchy predicts that stocks in the Internet sector will bring returns over 20 percent for 2006, exceeding the 12-percent return of 2005...
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