Seeking Alpha

Here's a sign of good relative strength: Google (GOOG +1.5%) is closing a week that saw two...

Here's a sign of good relative strength: Google (GOOG +1.5%) is closing a week that saw two downgrades and a Neutral coverage launch by making new highs. Morgan Stanley's Scott Devitt added the search giant to his Best Ideas list today. He thinks Google can post a 15% free cash flow CAGR over the next 5 years as online ads keep gaining share over offline alternatives, and also argues YouTube has the potential to grab ~6% of global TV ad spend by 2020, a $20B opportunity.
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