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