{"id":396593,"date":"2010-03-06T07:00:00","date_gmt":"2010-03-06T12:00:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/heres-the-case-for-being-bullish-on-google-right-now-2010-3"},"modified":"2010-03-06T07:00:00","modified_gmt":"2010-03-06T12:00:00","slug":"heres-the-case-for-being-bullish-on-google-right-now-goog","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/396593","title":{"rendered":"Here&#8217;s The Case For Being Bullish On Google Right Now (GOOG)"},"content":{"rendered":"<p><img decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/image\/747a6c7957ff8949a12ca300\/sergeybrin-space-tbi.jpg\" border=\"0\" alt=\"sergeybrin space tbi\" \/><\/p>\n<p>Google&#8217;s stock has fallen 14% since January 4, when it was at a two-year high of $626.75. That provides investors a good opportunity to pick up some Google stock on the cheap, says Citi analyst Mark Mahaney.<\/p>\n<p>In a note this week, he says Google&#8217;s long term prospects remain strong. The company is well positioned to take advantage of the growth that&#8217;s due for Internet advertising.<\/p>\n<p>Here&#8217;s the four big reasons Mahaney thinks investors should be buyers of Google&#8217;s stock. (All in his words):<\/p>\n<ul>\n<li><strong>Update #1:<\/strong> Potential Impact Of New Search Ad Products &mdash; We believe Google&rsquo;s  four recently introduced Paid Search Ad Products (Sitelinks, Product Advertising,  Local\/Map Advertising, and Comparison Ads) not only reflect continued &#8212; and  necessary &#8212; innovation at Google but also provide further evidence of Search&rsquo;s  growth runway and the potential for Paid Click growth reacceleration &ndash; a key  investor focus &ndash; as well as further monetization growth. <\/li>\n<li><strong>Update #2:<\/strong> GOOG&#8217;s Growing Display Ad Opportunity &mdash; Display Advertising has  become a major priority for Google over the past year, and we believe market  characteristics (a highly fragmented, inefficiently served $20B+ global market)  and GOOG&rsquo;s positioning (1MM+ Websites Content Network) create a large  opportunity.  We est. $1B &#8211; $2B in &rsquo;11 Gross Network Display Ad Rev for GOOG. <\/li>\n<li><strong>Update #3:<\/strong> Increased Traction For GOOG&#8217;s YouTube Property &mdash; YT continues to  grow at a remarkably robust rate, despite its size.  With over 480MM worldwide  unique users, YT is still growing its visitors, page views, and streams at consistent  30%+ levels.  And YT&rsquo;s monetization continues to ramp as well, with increased Ad  Coverage (54% of Top 100 Videos) and Ad Frequency, in addition to new Ad  Formats. We see the potential for $1B in &rsquo;11 Gross YouTube Revenue for Google. <\/li>\n<li><strong>Update #4:<\/strong> GOOG&#8217;s Attractive Cash-Adjusted Valuation &mdash; Adjusting for $24B in  GOOG Cash &amp; Mkt. Sec., we calculate GOOG&rsquo;s P\/E to be 17X, approx. in-line with  NASDAQ&rsquo;s forward multiple.  Given GOOG&rsquo;s growth outlook, competitive moats, biz  model &amp; management strength, we view this relative valuation as attractive.<\/li>\n<\/ul>\n<p><a href=\"http:\/\/www.businessinsider.com\/heres-the-case-for-being-bullish-on-google-right-now-2010-3#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/google-buying-docverse-2010-3\">Google Buys Another Company, Pays $25 Million For DocVerse<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/chart-of-the-day-google-chrome-2010-3\">CHART OF THE DAY: Google Chrome Is Eating Microsoft&#8217;s Lunch<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/microsoft-is-using-all-kinds-of-front-groups-to-take-down-google-2010-3\">The Secret Fronts In Microsoft&#8217;s War On Google<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/tMWllLauzOg\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Google&#8217;s stock has fallen 14% since January 4, when it was at a two-year high of $626.75. That provides investors a good opportunity to pick up some Google stock on the cheap, says Citi analyst Mark Mahaney. In a note this week, he says Google&#8217;s long term prospects remain strong. The company is well positioned [&hellip;]<\/p>\n","protected":false},"author":504,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-396593","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/396593","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/504"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=396593"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/396593\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=396593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=396593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=396593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}