Reuters: Global Markets: Google shares may extend their climb: Barron's

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Google shares may extend their climb: Barron's Sep 30th 2012, 20:44 Tweet Share this Email Print Related News Google starts Nexus 7 tablet, content sales in Japan Tue, Sep 25 2012 Google shares hit record high, find favor on Street Mon, Sep 24 2012 Facebook shares drop after Barron's snub Mon, Sep 24 2012 Related Topics Hot Stocks » Asian Markets » People walk past a logo next to the main entrance of the Google building in Zurich March 9, 2011. Credit: Reuters/Arnd Wiegmann Sun Sep 30, 2012 4:44pm EDT (Reuters) - Google Inc (GOOG.O) shares, which have gained 65 percent since July 2010, could rise even further, business weekly Barron's said on Sunday. The newspaper quoted a Jefferies analyst as saying Google was poised for long-term growth since its core search business is healthy and growth is coming increasingly from the emerging mobile, display and online video businesses. Barron's also said Google's shares look inexpensive compared to their historic trading multiple and the multiples of Facebook Inc (FB.O) and Chinese search engine Baidu Inc (BIDU.O). (Reporting by Martinne Geller, editing by Gary Crosse) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints Comments (0) This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

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