But investors may want to wait for a better opportunity to jump back into the stock, particularly as Google shares sit at record highs.
"In the March quarter, if you look for three years in a row, it started a 10 percent sell-off in Google after the March quarter results," BGC Financial analyst Colin Gillis told CNBC. "Google tends to be seasonally stronger in the second half of the year."
Gillis said that with back-to-school and holiday shopping, advertisers are willing to pay more for click prices from Google later in the year. Gillis has a "hold" rating on the stock with a $760 price target.
"I think you'll be able to buy Google below $800," he said.