Benchmark Starts dMY Technology Group (DMYT) at Buy

Benchmark analyst Mike Hickey initiates coverage on dMY Technology Group (NYSE: DMYT) with a Buy rating and a price target of $18.00.

The analyst commented, "DMYT is a Special Purpose Acquisition Company (SPAC) that is in the process of purchasing privately-held Rush Street Interactive (RSI), which is an online gaming and leading domestic online casino and sports betting company under the BetRivers and SugarHouse brands. Our positive view of DMYT is based on RSI's leadership in mobile online casinos and its early position in online sports betting, both of which are potentially massive markets due to ongoing state legalization initiatives."

For an analyst ratings summary and ratings history on dMY Technology Group click here. For more ratings news on dMY Technology Group click here.

Shares of dMY Technology Group closed at $13.00 yesterday.

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