Google Revenues Expected to Grow Only 7% in 2009

From Fred Wilson:

“I read an analyst report on the flight out tonight that suggests the near term price target for $goog is $350, down from $450 because google’s revenues next year are likely to grow in the single digits. They predict 6-7pcnt growth next year down from 15pcnt”

That’s in line with the latest (downwardly revised) Jack Myers report, which estimates paid search will be up 8% next year. More 2009 forecasts.

Leave a Reply