Maxim analyst Matthew Galinko initiated coverage of Hyperliquid Strategies (PURR) with a Buy rating and $10 price target The company’s digital asset treasury is built around the Hyperliquid ecosystem, which is a high-performance layer one blockchain designed to support a fully on-chain financial system, the analyst tells investors in the research note. Maxim estimates estimate $11.8M in annual revenue from FY27-FY28 through staking current HYPE holdings at the spot price of $40.94, which will support positive net income adjusted for non-cash expenses, the firm added.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PURR:
- Hyperliquid Strategies initiated with a Buy at Maxim
- Crypto Currents: Circle plunges amid yield ban worries
- Hyperliquid Strategies begins trading options in Nasdaq Options Market
- One new option listing and sixteen option delistings on March 24th