Analysts Say Google is Best Placed for Mobile Growth

After Google Inc. posted its 18^th straight quarter of 20 percent-plus revenue growth, analysts said the company was best placed for growth from mobile, wearables, increased local advertising and the “Internet of things.”

Google’s second-quarter revenue rose 22 percent to $15.96 billion, higher than the $15.61 billion expected by analysts. Google stock has risen 26 percent this past year.

Jefferies analysts wrote in a note to Reuters that Google’s growth was driven by the company’s core search business, YouTube and product-listing ads, which together resulted in three times as much mobile traffic for merchants than last year.

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