Analysts See a Buying Opportunity in Google

7/18 - "So, there are a couple of ways to think about Google’s (GOOG) big post-Q2 sell-off this morning. For starters, as I noted last night, there seems to be increasing evidence that online advertising is actually feeling the effects of the slower economy...On the other hand, the legion of analysts with Buy ratings on the stock almost universally believe investors are being given an opportunity here to buy the stock on the cheap."

"It is also worth noting that the big reason for the EPS miss in the quarter was not the weaker economy, but rather lower interest income, as the company used a substantial chunk of cash to pay for its acquisition of DoubleClick...The big issue here is not really the EPS miss; it is the revelation that Google lives here in the real world with the rest of us, where businesses of every stripe are cutting back on spending in many areas - ...