Alphabet's GOOGL enhances Google Messages app for better RCS conversations among Android users.

From Nasdaq.: 2024-07-05 10:49:00

Alphabet’s GOOGL is enhancing the Google Messages app with a feature update for better RCS conversations among Android users. The redesigned app displays images first, followed by messages, with curved text bubble corners. This move aims to provide an improved user experience and tap into the growing $443.53 billion global mobile messaging market by 2033.

Alphabet’s strong year-to-date performance, with a 33.2% rally, is driven by the Google Services segment. Recent upgrades to Google’s Android offerings include a Locked Folder for Google Photos, a multi-account feature for Google Keep on tablets and foldables, and a “Lookup” reverse number shortcut on the Google Phone app, enhancing the segment’s potential growth.

Currently holding a Zacks Rank #3 (Hold), Alphabet’s ongoing efforts to strengthen its Android offerings are expected to benefit the company’s financial performance. With a Zacks Consensus Estimate for 2024 total revenues at $291.26 billion and 2024 earnings at $7.60 per share, showing a 13.6% and 31.03% year-over-year increase, respectively, Alphabet continues to show promise in the technology sector.

Director of Research at Zacks Investment Research has named a top stock pick with the potential to double, targeting millennial and Gen Z audiences. This stock generated nearly $1 billion in revenue in the last quarter. As a leading pick with substantial growth prospects, it presents an exciting opportunity for investors to consider in the tech sector.



Read more at Nasdaq.: Alphabet (GOOGL) to Aid Android Users With Messages App Upgrade