Susquehanna analyst Joseph Stauff raised the firm’s price target on Rush Street Interactive (RSI) to $19 from $15 and keeps a Positive rating on the shares. The firm raised its 2Q revenue/EBITDA estimates due entirely to the firm’s assessment of the company’s domestic results and hope that its Latam results are in-line. In 1Q25, the company’s domestic KPI strength was more than enough to offset the impact of higher taxes in its Latam segment and we expect a similar story for 2Q.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RSI:
- Rush Street Interactive management to meet virtually with Benchmark
- Rush Street Interactive price target raised to $18 from $17 at Jefferies
- Pro poker player Galfond says amendment to BBB could end gambling in U.S.
- Rush Street Interactive price target raised to $17 from $14 at Benchmark
- Rush Street Interactive: Strong Market Performance and Strategic Growth Opportunities Support Buy Rating