Google continues to be measured by a different yardstick than its online brethren.
However, Credit Suisse Internet analyst Heath Terry points out the search leader currently trades at a lower multiple (28 times 2008 earnings) than Yahoo and eBay, both of which turned in a tepid
2006. Terry told CNBC this morning that Google's stock, at $494, still has another $100 in it.
We shall see. Because Google doesn't issue forward projections, it can be a difficult stock for analysts to predict. Even so, the Web giant continued to gain market share in search over the last three months, avoiding the "apocalyptic predictions that it had bought a hornet's nest of lawsuits" in acquiring YouTube. Additionally, Google ramped up its mobile offerings in the last quarter while breathing life into payment service Google Checkout through its sign-up promotion.