Alphabet (GOOG)(GOOGL) is down 6% on the Q1 earnings miss that Dow Jones claims is the largest decline since October 18, 2012. The EPS numbers though weren't nearly as bad when stripping out the one-time charges and increased Other Bets costs. Analysts though had a wide view on the revenue problem according to a Barron's summary. Craig Moffett, Moffett Nathanson - drops target to $865 and sees the miss due to lower Network revenues. Eric Sheridan, UBS - keeps $880 price target due to cutting EBITDA estimate by $2 billion. Shebly Seyrafi, FBN Securities - cut target to $875 seeing the weakness due to weaker CPC driven by YouTube. Ken Sena, Evercore ISI - reiterated $950 target suggesting revenues were hit by the loss of AOL search traffic. James Cakmak, Monness, Crespi, and Hardt - kept $900 price target. James Lee, CLSA - kept $970 price target seeing seasonality impact from YouTube. Kerry Rice, Needham - cut price target to $825 due to higher TAC. The analyst opinions were all over the place, but the bottom line is that Alphabet is cheap and $700 appears a good entry point. $GOOGL, Alphabet Inc. / 1440 Disclosure: No position