Published on 1 Jun 2024 on Zacks via Yahoo Finance
Alphabet (GOOGL) Rides on Solid Momentum in Google Services
Alphabet’s GOOGL shares have rallied 26% in the year-to-date period, outperforming the Zacks Computer & Technology sector’s growth of 15.7%. The company is benefiting from strong momentum in Google Services segment on the back of search, YouTube and Android. Hence, Alphabet’s Google is constantly making efforts to bolster the segment further.In this regard, Google’s latest roll-out of “Minimized Custom Tabs” for Google Chrome on Android remains noteworthy.These tabs shrink webpages into Picture-in-Picture windows featuring site favicon, page name and domain, enabling multitasking and seamless transition between native apps and web content.The custom tabs are expected to improve the user experience and functionality of the Chrome browser, which, in turn, will likely increase the company's web browsing traffic.Moreover, Alphabet is expected to gain solid traction among Android users on the back of its latest move.
Alphabet Inc. Price and Consensus
