Hyperliquid Strategies Inc. (PURR) shares rose today after Chardan Capital upgraded the stock. The firm maintained its Buy rating for the company. Chardan increased the price target to $9.75. This represents a hike from the previous $8.45 level.
The upgrade reflects a positive outlook on the digital asset market and the native HYPE token. The stock previously surged over 12% in a single day. This rally occurred on May 19 amid broader crypto sector optimism.
Reports suggest the SEC may be developing a framework for trading tokenized stocks. The company’s performance remains tied to the Hyperliquid ecosystem and its HYPE token holdings.