dMY Technology Group (DMYT) PT Raised to $21 at Benchmark
Get Alerts DMYT Hot Sheet
Rating Summary:
2 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 10 | New: 10
Join SI Premium – FREE
Benchmark analyst Mike Hickey raised the price target on dMY Technology Group (NYSE: DMYT) to $21.00 while maintaining a Buy rating.
The analyst commented, "RSI announced F3Q20 results, beating on sales and Adjusted EBITDA and then raised its FY20 revenue forecast by 20%. RSI and the online casino and online sports betting markets continue to exceed our growth expectations. Despite aggressive competition, RSI maintained a market leadership position in Oct. for online casino and delivered sequential growth in online sports betting handle in PA. We anticipate that Michigan will open for both online casino and online sports betting in FY21. We think the virus influence over the winter months will continue to drive elevated engagement. We believe RSI will de-SPAC in late Dec. 2020. We reiterate our Buy rating and raise our price target to $21."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- 29Metals Ltd (29M:AU) PT Lowered to AUD0.50 at RBC Capital
- Vertiv Holdings Co. (VRT) PT Raised to $94 at Wolfe Research, 'price targets could continue to trend towards bull case scenarios'
- Kimberly Clark (KMB) PT Raised to $146 at HSBC
Create E-mail Alert Related Categories
Analyst Comments, Analyst PT ChangeSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!