Rush Street Interactive, the Consumer Cyclical sector company, was revisited by a Wall Street analyst today. Analyst Bernie McTernan from Needham reiterated a Buy rating on the stock and has a $33.00 price target.
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Bernie McTernan has given his Buy rating due to a combination of factors, including stronger forward estimates and ongoing operational outperformance at Rush Street Interactive. He raised his 2026 and 2027 adjusted EBITDA projections meaningfully and lifted his price target to $33, reflecting growing confidence in earnings power, supported by the company’s emphasis on iGaming and a more favorable tax backdrop in Colombia.
McTernan also highlights robust underlying trends, such as record first‑quarter depositors and better customer retention, which underscore the strength of the core franchise. Looking ahead, he points to multiple potential catalysts, including incremental demand from the upcoming World Cup, the planned launch in Alberta, and the possibility of securing an iGaming license in Maine, which could provide additional upside even after the stock’s strong performance over the past year.
According to TipRanks, McTernan is a 3-star analyst with an average return of 1.1% and a 42.57% success rate. McTernan covers the Consumer Cyclical sector, focusing on stocks such as DraftKings, PENN Entertainment, and Chewy.
In another report released yesterday, Jefferies also reiterated a Buy rating on the stock with a $32.00 price target.