UPDATE: Craig-Hallum Starts DMY Technology Group (DMYQ) at Buy

September 27, 2021 7:39 AM EDT
Get Alerts DMYQ Hot Sheet
Price: $10.81 --0%

Rating Summary:
    4 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 4 | New: 31
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(Updated - September 27, 2021 8:21 AM EDT)

Craig-Hallum analyst Jeff Van Rhee initiates coverage on DMY Technology Group (NYSE: DMYQ) with a Buy rating and a price target of $15.00.

The analyst comments "Incremental Margins are going to be very high because of the unique “image once - sell to many” business model. Since ’13, the company has focused on laying the groundwork for the business, including building/launching/managing the satellites, designing and optimizing a robust platform to manage/cleanse the content, and complementing that with a front-end access/delivery layer of dashboards/portals/APIs to enable smooth consumption. With this complete, the company is now tapping capital markets to fund an aggressive sales buildout (2.5x the sales team over the next 2 years) with the goal of materially accelerating top line growth from the 27% revenue CAGR seen over the last 5 years."

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 $9.95 yesterday.

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