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