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Is This Stock The Next Google (Or Baidu)?

By: StreetAuthority Friday, February 24, 2012 2:39 PM

Symbols: BIDU, GOOG, GS, NOK

Deutsche Bank is even more aggressive, with a $38 price target, noting that "shares of Yandex significantly under-appreciate the secular growth."

Risks to Consider: The Russian economy is thriving in part due to robust oil prices. A pullback in this commodity might dampen the Russian economy and consumer spending. Moreover, investors need to track market share trends. If Google resumes its market share gains seen last summer, then investors should head for the exits.

Action to Take --> The U.S. and European Internet penetration rates are nearing a peak, and China isn't far behind. Russia remains relatively under-penetrated and should deliver very high growth in the next few years. Yandex.com remains the best way to play that trend.

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-- David Sterman

David Sterman does not personally hold positions in any securities mentioned in this article. StreetAuthority LLC owns shares of GOOG in one or more if its "real money" portfolios.

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