From NASDAQ:



Alphabet’s Google is updating its Google Chat app with new features and redesigns. The company is expected to gain traction across Android users, boosting its Google Services segment. The app has also been redesigned for Android and iOS, and Google has partnered with Mio for seamless communication across multiple channels. This is expected to strengthen Google Workspace offerings and boost the Google Cloud segment. Alphabet’s total revenues are projected to grow by 7.8% in the fourth quarter of 2023. The article also mentions that Alphabet has gained 59.2% on a year-to-date basis compared with the industry’s rise of 57.4%. The stock is currently ranked #3 (Hold) by Zacks, and some better-ranked stocks in the broader technology sector are Flex, Badger Meter, and Arista Networks. Shares of these companies have gained significantly in the year-to-date period. Lastly, the article points out that Google’s growing endeavors to bolster its Chat app will likely aid its overall financial performance, instilling investor optimism in the stock.



Original: Alphabet (GOOGL) Extends Google Chat Redesign to Android