Hyperliquid Strategies price target raised to $6 from $5 at Cantor Fitzgerald

Cantor Fitzgerald raised the firm’s price target on Hyperliquid Strategies (PURR) to $6 from $5 and keeps an Overweight rating on the shares. Hyperliquid Strategies reported its first public-quarter results with $500K in staking revenue and about $900K in interest income, the analyst tells investors in a research note. The company expanded its treasury by acquiring about 5M HYPE tokens, repurchased roughly 3M shares, and holds approximately $155M in remaining capital for deployment, the firm says.