Shares of dMY Technology II (NYSE:DMYD) popped today, up by 14% as of 12 p.m. EST, after getting a bullish initiation from Wall Street. Craig-Hallum kicked off coverage of the company with a buy rating, alongside a price target of $25.
dMY II is a special purpose acquisition company (SPAC) that announced in October that it would merge with Genius Sports Group to take the latter company public. Genius Sports specializes in providing data and technology to the sports industry, which helps facilitate the booming market for sports betting.
Craig-Hallum analyst Ryan