Google Inc (GOOG): Choose This Internet Stock for Growth

Bottom line

Yandex NV (NASDAQ:YNDX), which trades at 24.85 forward P/E, is a growth opportunity. The company is building its share in the Russian market while increasing user engagement with a multitude of products. Yandex is also present in the Ukrainian and Turkish search markets. Turkey is another growth opportunity, but this growth would be delayed, as the political situation in the country froze additional developments. Yandex’s market share in Turkey is just 2.5%, but the company has stated that it will begin to work aggressively once the political environment stabilizes.

Baidu.com, Inc. (ADR) (NASDAQ:BIDU) has shown good momentum this quarter. The company is operating in a very tempting Chinese market. It is important to remember that a big percentage of the world’s most populous country still lives without the Internet, so the possibilities for growth are huge. The company trades at a reasonable 20.31 forward P/E.

Google Inc (NASDAQ:GOOG) lost share in Russia, and its share in the Chinese market is very small. However, in the rest of the world, it is a dominant player. The company trades at 16.62 forward P/E and, in my opinion, can easily reach $1,000. The company’s prospects with Google Glass, as well as very far-sighted developments on the self-driving car should be taken into account.

The article Choose This Internet Stock for Growth originally appeared on Fool.com.

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