In a report released today, Bernie McTernan from Needham reiterated a Buy rating on Rush Street Interactive (RSI – Research Report), with a price target of $17.00.
Bernie McTernan has given his Buy rating due to a combination of factors including Rush Street Interactive’s better-than-expected fourth-quarter results and their 2025 guidance, which surpasses consensus estimates. The guidance considers potential challenges such as the newly implemented VAT tax in Colombia, although its full impact remains uncertain due to its recent introduction.
Despite regulatory uncertainties, particularly with proposed tax hikes in the US that could affect future earnings, McTernan believes that Rush Street Interactive is adeptly navigating the iGaming sector in the US. This strategic positioning is expected to create value, reinforcing the Buy rating for the stock.
In another report released today, Wells Fargo also maintained a Buy rating on the stock with a $15.00 price target.