Alphabet (GOOGL) Aids Android Users With Password Manager Update

20.05.24 19:12 Uhr

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Alphabet’s GOOGL Google is leaving no stone unturned to expand its Android offerings on the back of growing enhancements of its Android apps.This is evident from the company’s latest Material 3 redesign for the Google Password Manager app on Android.This Material You update, available in version 24.16.16 of Google Play services, features a tall Material 3 bottom bar, a pill-shaped search bar, and a profile switcher for managing passwords.The update also adds a "Checkup" tab, which scans for compromised, reused, and weak passwords.Alphabet is expected to gain solid traction among Android users on the back of its latest move.Moreover, the Material 3 redesign will allow the company to capitalize on growth opportunities present in the global password manager market. Per a Mordor Intelligence report, the password manager market is expected to reach $7.32 billion by 2029, exhibiting a CAGR of 28.5% between 2024 and 2029.Alphabet Inc. Price and Consensus Alphabet Inc. price-consensus-chart | Alphabet Inc. QuoteExpanding Android OfferingsApart from the Password Manager update, Alphabet recently unveiled a new notifications feature in Google Contacts, allowing users to view their call and message notifications on widgets. The notifications widget comes with a badged bell icon in the top-right corner, joining background images and shortcuts for calling and messaging.The company is also working to launch a dedicated page for all its location-sharing services on Android. This new “Google Location Sharing” hub will bring together Google Maps, Google Find My Device, and Personal Safety services, facilitating users with a one-stop service for all its location-sharing applications.Google enhanced YouTube’s user interface for Android TV with an animated comment count feature in the info pill section. This new feature addition aims to make full-screen viewing easier and less intrusive and enhance interaction with videos on displays.The company also added a new “Automatically add linked passes” feature to Google Wallet on Android. This new feature is an addition to the "Passes" sub-section in Google Wallet settings on Android. It allows providers to automatically add event tickets, promotions and offers to existing passes.To ConcludeAlphabet’s growing Android efforts will continue to aid its Google Services segment, which remains the key growth catalyst for the company. Its shares have rallied 26% in the year-to-date period compared with the Zacks Computer & Technology sector’s growth of 15.7%.In the first quarter of 2024, the Google Services segment increased 13.6% year over year to $70.4 billion, which accounted for 87.4% of the total revenues.The strengthening Google Services segment is expected to aid Alphabet’s overall financial performance in the near term.The Zacks Consensus Estimate for 2024 total revenues stands at $295.53 billion, indicating year-over-year growth of 15.2%.The consensus mark for 2024 earnings is pegged at $7.61 per share, indicating a 31.2% rise from the year-ago figure. The figure has been revised upward by 0.5% in the past seven days.Zacks Rank & Other Stocks to ConsiderCurrently, Alphabet sports a Zacks Rank #1 (Strong Buy).Some other top-ranked stocks in the broader technology sector are Dell Technologies DELL, CrowdStrike CRWD and Intuit INTU, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.Shares of Dell Technologies have gained 8.3% in the year-to-date period. The long-term earnings growth rate for DELL is 12%.Shares of CrowdStrike have gained 32.8% in the year-to-date period. The long-term earnings growth rate for CRWD is currently projected at 22.31%.Shares of Intuit have gained 4.8% in the year-to-date period. The long-term earnings growth rate for INTU is 14.57%.Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Dell Technologies Inc. (DELL): Free Stock Analysis Report Intuit Inc. (INTU): Free Stock Analysis Report Alphabet Inc. (GOOGL): Free Stock Analysis Report CrowdStrike (CRWD): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks

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DatumRatingAnalyst
06.06.2024Alphabet A (ex Google) BuyJefferies & Company Inc.
05.06.2024Alphabet A (ex Google) OutperformRBC Capital Markets
22.05.2024Alphabet A (ex Google) NeutralUBS AG
20.05.2024Alphabet A (ex Google) NeutralUBS AG
16.05.2024Alphabet A (ex Google) NeutralUBS AG
DatumRatingAnalyst
06.06.2024Alphabet A (ex Google) BuyJefferies & Company Inc.
05.06.2024Alphabet A (ex Google) OutperformRBC Capital Markets
15.05.2024Alphabet A (ex Google) BuyJefferies & Company Inc.
26.04.2024Alphabet A (ex Google) OverweightJP Morgan Chase & Co.
26.04.2024Alphabet A (ex Google) OverweightBarclays Capital
DatumRatingAnalyst
15.05.2019Alphabet A (ex Google) verkaufenCredit Suisse Group
24.11.2008Google sellMerriman Curhan Ford & Co
19.11.2008Google ausgestopptNasd@q Inside
16.03.2007Google Bär der WocheDer Aktionärsbrief
08.03.2006Google im intakten AbwärtstrendDer Aktionär

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