PURR Stock Surges on Bullish Compass Point Call for 63% Upside

Hype is building around Hyperliquid Strategies, Inc.'s (PURR) future prospects after Compass Point initiated coverage with a 'Buy' rating and an $18 price target. This implies about a 63% upside from PURR's last close at $11.

The bullish call comes as the company continues to build its HYPE treasury, now holding tokens worth roughly $2.5 billion. Hyperliquid Strategies is a digital asset treasury (DAT) company that builds on HYPE, Hyperliquid blockchain's native token.

The company added that Hyperliquid brings about $85 million in revenue each month. The firm also expects the per-share rate to rise as HYPE's valuation discount to centralized crypto companies narrows.