Jul. 6 at 12:44 PM
$HYPD
Cantor increased price target from
$4.0 to
$6.6, giving valuation credit for recurring businesses for the first time: https://cantor2.bluematrix.com/links2/secure/pdf/1148241e-2920-4724-a3e4-b663f25a17b3
Some highlights from Cantor's coverage --
"HYPD is one of the few names in our coverage that has embedded itself directly into its underlying ecosystem as an active infrastructure provider beyond simple staking operations, and as a result, is earning ~3.1x native HYPE staking rates."
"We expect HYPD to announce additional partnerships within the HYPE ecosystem, with each partnership helping drive ecosystem adoption while also providing HYPD an income stream. This “triple dip” model removes the ceiling on cash flow generation stemming from native staking rates, providing the company with additional opportunities to monetize growth in distinct activities and new products on the Hyperliquid blockchain."
