Piper Jaffray Bullish On Google, Yahoo

  • July 11, 2006
Google and Yahoo could have stronger quarters than expected, thanks to the strength of search in the traditionally slow season, according to a report released Monday by Piper Jaffray. "The continued strength of search in a seasonally slow Q2, which in the past has been disappointing, could be a major catalyst for the Internet sector, which continues to trade near trough valuations," wrote analyst Safa Rashtchy. "We expect strong results from Google and Yahoo next week, and, given current valuations, we believe the stocks will react positively."

--Shankar Gupta

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