According to @StockMKTNewz, BNP Paribas initiated coverage on Alphabet Inc. (GOOGL) with an Outperform rating and a $355 price target on Nov 24, 2025, source: @StockMKTNewz on X, Nov 24, 2025. Sell-side coverage initiations can generate short-term price impact that event-driven and momentum traders target in large-cap tech, source: Journal of Finance, Loh and Mian (2006) Do Analyst Recommendations Affect Stock Prices. Alphabet maintains Web3 exposure through Google Cloud’s strategic partnership with Coinbase announced in October 2022, linking GOOGL narratives to crypto infrastructure themes, source: Coinbase press release, Oct 11, 2022; Google Cloud announcement, Oct 11, 2022. Equity–crypto co-movement increased notably during 2020–2022, indicating that tech-led risk-on shifts have historically coincided with stronger BTC beta in some regimes, source: International Monetary Fund blog by Tobias Adrian et al., Crypto Prices Move More in Sync With Stocks, Jan 2022.