Google at $350?


Fred Hickey, the editor of High Tech Strategist, is saying Google Inc. (NASDAQ: GOOG) will have a very large earnings miss this quarter followed by "more disappointments to come," according to Barron's.

What happens then? The fall-out from weaker earnings is likely to lower the P/E multiple, dropping from 25 to, perhaps, 20. At that level, Google could fall below $350, and it could happen fast.

Google may have ended its run as Wall Street's darling.

Douglas A. McIntyre is an editor at 247wallst.com.

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