Shares of Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) were moving higher today, seemingly in response to a report in The Wall Street Journal that the company is planning to add chat functionality to Google Search.

Separately, UBS also reiterated a buy rating on the stock and raised its price target on Alphabet.

As a result, Alphabet stock was up 4% as of 2:42 p.m. ET.

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Source Fool.com