Google Inc Undervalued Growth Story Says Bernstein

Google Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) is really an undervalued growth story, says a recent research note from Bernstein Research.

Bernstein is infatuated with Google for good reason.  The firm bestowed on the tech giant its “Best of Bernstein” label, making it a top pick at the firm.

Google’s search engine revenue to grow further

Bernstein notes that there is still much more growth in search engine revenue, Google’s core business, but it is that core that is being overshadowed by “optionality on promising businesses hiding in the other revenue line,” the report highlighted.

Bernstein expects Google Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) revenue to grow 20 percent in...