Paid Search to Grow 41 Percent in 2006; Google Stock to Reach $600
Paid search, which generated an estimated $10 billion globally in 2005, is expected to grow 41 percent in 2006, or more than $14 billion, with market leader Google increasing its lead - and net revenue by more than 58 percent - during the year, according to research notes by Piper Jaffray senior research analyst Safa Rashtchy, reports ClickZ (via MarketingVox). In 2005, Google held 64 percent market share. Rashtchy also raised the one-year price target for Google’s stock from $445 to $600, citing its market dominance and new initiatives such as Google Base.


