BofA Reiterates Buy on Alphabet (GOOGL) as Google Tests Gemini AI App Redesign

Alphabet Inc. (NASDAQ:GOOGL) is one of the Trending AI Stocks on Wall Street’s Radar. On October 7, BofA Securities reiterated a Buy rating on the stock with a price target of $252. The rating affirmation follows emerging reports that Google is testing a redesign of its Gemini AI application.

Reports indicate that Google is exploring potential interface changes from Gemini’s simple chatbot interface to a lively and scrollable feed that feature suggested prompts paired with visual elements.

There may be a prompt inspiration or discovery section intended to replace the blank greeting screen with more content-driven experiences. This may help enhance user engagement.

First reported by Android Authority, it seems that Gemini may look a lot like a TikTok feed than a chatbot interface.

Bank of America analyst Justin Post noted how the move could help boost user interaction and expand use cases for Gemini.

“A more visual, feed-based layout could improve engagement by appealing to mobile users accustomed to scrolling formats” such as TikTok and Meta Platform Inc.’s (META) Reels, according to Post. New content formats could also “increase opportunities for premium subscription tiers or sponsored content placements,” he added.

Alphabet Inc. (NASDAQ:GOOGL) is an American multinational technology conglomerate holding company wholly owning the internet giant Google, amongst other businesses.

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