In a report released today, Mike Hickey from Benchmark Co. maintained a Buy rating on Rush Street Interactive (RSI – Research Report), with a price target of $14.00.
Mike Hickey has given his Buy rating due to a combination of factors that highlight Rush Street Interactive’s strong financial performance and strategic positioning. The company reported a record-breaking fourth quarter, surpassing revenue and AEBITDA expectations, which underscores its operational strength and growth potential. With a robust balance sheet and strategic priorities clearly outlined, RSI is well-positioned to capitalize on market opportunities and navigate regulatory challenges, particularly in Colombia.
Furthermore, the company’s investment thesis is bolstered by its balanced growth in both iCasino and sports betting, along with operational efficiencies that drive margin expansion. Key catalysts for future growth include potential regulatory developments in the U.S. iCasino market and strategic M&A opportunities in Latin America. The company’s guidance for 2025 indicates continued revenue and AEBITDA growth, with expectations exceeding consensus estimates, further supporting the Buy rating.
In another report released today, Susquehanna also upgraded the stock to a Buy with a $14.00 price target.