Cantor Fitzgerald has raised its price target on Hyperliquid Strategies Inc. (NASDAQ: PURR) to $6.00 from $5.00 and reiterated an Overweight rating on the stock. The research house said the decision reflects both a larger HYPE position and improved HYPE performance within the companycosystem.
At the time of the note, PURR was trading at $4.44. The shares have delivered a 27.53% year-to-date return but were down 2.78% over the previous week, according to the data cited by the firm.
Cantor Fitzgerald highlighted the Hyperliquid Ecosystem s displaying resilience during recent market drawbacks, saying the token's behavior has been comparatively strong versus peer tokens. The firm attributed that relative strength to what it described as a "fundamentally differentiated tokenomic structure" underpinning HYPE.
Analysts at Cantor Fitzgerald also pointed to rapid growth in trading activity tied to real-world asset (RWA) preparations within the ecosystem. They noted that more than 100 contracts are now available spanning multiple asset classes, including equities, commodities, foreign exchange and private companies, and that this expansion factored into their view of the platform's traction.
The raised $6.00 target represents a 20% increase from the prior $5.00 target. Cantor Fitzgerald characterized PURR as one of the most attractive opportunities in what it called the fastest-growing onchain ecosystem in crypto, based on its internal assessment of token holdings and HYPE performance.
Broader analyst sentiment remains positive across the coverage universe, with price targets on PURR ranging from $5.00 to $8.15. Separately, Chardan Capital Markets initiated coverage of Hyperliquid Strategies with a Buy rating and set a $8.15 price objective. Chardan identified Hyperliquid Strategies as the largest HYPE digital asset treasury company and noted the company holds 12.7 million HYPE tokens.
In corporate actions, Hyperliquid Strategies announced a $30 million stock repurchase program authorized by its Board of Directors. The program allows the company to buy back outstanding common stock over the next 12 months through methods that may include open market purchases and privately negotiated transactions, consistent with federal securities laws.
Context and implications
The firm nd other analysts linked the valuation uplift to both an increased HYPE weighting in Cantor Fitzgeraldstimates and what they see as improved token performance. The coverage range among analysts indicates differing views on upside potential, with the highest tracked target at $8.15.
Investors and market participants will likely watch HYPE token dynamics and the execution of the $30 million buyback program as near-term drivers for PURR's share price, alongside broader market movements that have already affected token performance during recent drawdowns.