Rush Street Interactive: Buy Rating Reiterated as Strategic iGaming Position and Expansion Upside Support Unchanged $33 Price Target

Needham analyst Bernie McTernan has maintained their bullish stance on RSI stock, giving a Buy rating on April 29.

Bernie McTernan has given his Buy rating due to a combination of factors, starting with Rush Street Interactive’s strong strategic position in U.S. online gambling, where its emphasis on iGaming limits direct competition from prediction-style platforms while customer acquisition costs trend toward record lows. He also highlights that the company’s ongoing product enhancements are building durable competitive advantages, helping drive more than 50% growth in domestic iGaming.

McTernan further points to upcoming geographic expansion, including the planned launch in Alberta and the potential upside from any future liberalization of U.S. iGaming markets, with encouraging early signs in Virginia. In addition, improving performance in Latin America following tax changes, combined with the World Cup’s potential to significantly boost new customer sign-ups, supports his unchanged $33 price target and underpins the favorable risk‑reward profile he sees in RSI shares.

In another report released on April 29, Citizens JMP also maintained a Buy rating on the stock with a $27.00 price target.

Based on the recent corporate insider activity of 119 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RSI in relation to earlier this year.