Goldman Sachs Adds Google (GOOG) To Its Conviction Buy List

Goldman Sachs (NYSE: GS) has just added Google Inc (Nasdaq: GOOG) to its Conviction Buy List. Goldman maintained its Buy rating on GOOG and did not raise Google's price target of $560 either.

Goldman said internet activity in Europe still growing at a swift pace and search in Europe offers upside for Google.

Goldman believes GOOG's revenue growth will re-accelerate to high-teens or better over the next year.

Goldman Sachs (NYSE: GS) has just added Google Inc (Nasdaq: GOOG) to its Conviction Buy List. Goldman maintained its Buy rating on GOOG and did not raise Google's price target of $560 either.

Goldman said internet activity in Europe still growing at a swift pace and search in Europe offers upside for Google.

Goldman believes GOOG's revenue growth will re-accelerate to high-teens or better over the next year.