Google Adwords - Google Boosted By Upbeat Advertisers

Monday, October 24 2005 at 15:49

UBS Investment Research reiterated a "buy" rating on Google (nasdaq: GOOG - news - people) and raised the 12-month price target to $375 from $350. Google will announce third quarter earnings Oct. 20.

UBS said, "The bottom line is that we are slightly raising out-year revenue growth estimates as we continue to see long-term upside to Google's current business lines (AdWords and AdSense). Advertisers we speak with remain impressed with ROI return on investment on their Google spending, and they are looking for ways to increase that spending."

Learn more about Google's Q3 earnings and how Google Adwords contributes to it at http://www.forbes.com/markets/emergingmarkets/2005/10/06/google-earnings-advertising-1006markets08.html.