Monday, December 5 2022

Alphabetit is (GOOGL Free Report) Google division is constantly improving its to-do lists and Google Tasks reminder setting app with new features.

According 9TO5GoogleGoogle has integrated Google Tasks with Google Assistant to simplify task management solutions.

With Google Assistant integration, Google Tasks can be used by saying “Hey Google” on phones, smart displays and speakers. Users can also add reminders to Google Tasks.

Google has also integrated the “Add to Tasks” button into Gmail and Google Chat. Users can view the Google Tasks list in Android and iOS mobile apps, as well as the workspace sidebar in Gmail, Drive, Docs, and more.

With this recent decision, Google aims to provide an improved experience for Google Tasks users. This, in turn, should increase the adoption rate of Google Tasks.

Efforts to strengthen Google Workspace

With this recent initiative, Alphabet has bolstered the Google workspace, consisting of Gmail, Meet, Drive, Calendar, Contacts, Tasks and more. Additionally, Google Workspace continues to drive the momentum of GOOGL in organizations demanding productivity and collaboration tools.

Along with this latest move, Google Meet has been updated with picture-in-picture and multi-pinning features to help presenters and attendees stay glued to meetings.

Google has updated Google Docs by adding emoji reactions to documents to express opinions informally. It also added a “writing suggestions” capability with a purple underline to help users with tone, style, and word choice.

Google has rolled out a redesigned Gmail on the web to give users an improved email experience.

All of these efforts should permanently boost the adoption rate of Google Workspace, which will likely drive Alphabet’s frontline in the days to come.

This, in turn, will help GOOGL gain investor confidence in the short and long term.

Alphabet shares have lost 31.5% year-to-date, outperforming the 32% drop in the IT and technology sector.

Competitive scenario

Besides Google, other companies like Microsoft (MSFT free report) and Apple (AAPL Free Report), which also offer workspace tools and productivity apps, are upping the competition.

Microsoft shares have lost 29% since the start of the year. MSFT offers Microsoft365, providing powerful office and productivity tools to help users work, learn, organize and connect.

Microsoft’s cloud-based task management app, Microsoft To Do, lets users manage their tasks from smartphones, tablets, and computers.

Apple has lost 13.4% since the start of the year. AAPL’s Apple iWork provides an office suite of applications that allow users to create word processing documents, spreadsheets and presentations.

AAPL’s Task app helps users set reminders and lets them organize their personal and work projects seamlessly.

Nonetheless, Google’s growing efforts to bolster Google Workspace offerings will likely continue to support its customers’ momentum, keeping it ahead of the aforementioned peers.

Zacks Ranking and Stocks to Consider

Currently, Google’s parent alphabet carries a Zacks rank #3 (Hold). Investors interested in the broader Zacks Computer & Technology industry may consider Teradata (PMH Free Report), carrying a Zacks Rank #2 (Buy) at present. You can see the full list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Teradata has lost 27.1% since the start of the year. TDC’s long-term earnings growth rate is currently projected at 27.4%.

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