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A Happy New Year For Net Stocks

By - January 03, 2005

HappyanalyAnalysts are jumping onboard – online advertising is poised for a huge year, they say, and YHOO and GOOG are responding in kind.

From a Reuters story:

Google gained as much as 5.15 percent and Yahoo rose as high as 3.3 percent in Nasdaq trading after Goldman Sachs increased its forecasts, citing strong Internet advertising trends. In a report, Goldman Sachs analyst Anthony Noto said that his firm’s recent talks with media buyers demonstrated that “the strength in online advertising demand did not appear to abate” in the quarter.


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One thought on “A Happy New Year For Net Stocks

  1. mcconnell says:

    If you think MSFT is the 800 lb gorilla, then Google will be the 8000 lb elephant.