Analysts Continue To Cut Google Revenue Growth Target

  • November 12, 2008
Marking the second analyst this week to lower estimates for Google, Goldman Sachs analyst James Mitchell cut his revenue growth target for the search giant's current fourth quarter from 4% down to 1%.

Earlier in the week, Barclays analyst Doug Anmuth called for fourth quarter sales to be flat at Google with regard to third quarter sales number of $4 billion.

In particular, Goldman's Mitchell noted that a poor economy is leading to declines in paid search.--Gavin O'Malley

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