Rush Street Interactive price target raised to $17 from $14 at Benchmark

Benchmark analyst Mike Hickey raised the firm’s price target on Rush Street Interactive (RSI) to $17 from $14 and keeps a Buy rating on the shares. Benchmark expects a “solid” update in early August that reflects strong iGaming engagement and consistent platform performance, despite ongoing pressure from Colombia’s temporary VAT on deposits, the analyst tells investors in a research note. Rush Street is well-positioned with a differentiated iCasino-first strategy and disciplined operating model, the firm adds.