Oppenheimer raised the firm’s price target on Rush Street Interactive (RSI) to $24 from $21 and keeps an Outperform rating on the shares following Q3 profitability beat on North American iGaming MAUs accelerating to +46%-year-over-year on product enhancements, smarter bonusing and higher CAC efficiencies. Management increased its full-year revenue/EBITDA guidance by 4%/7%, implying Q4 exits at 20%, on North American iGaming offsetting tougher Colombia VAT.
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Read More on RSI:
- Rush Street Interactive price target raised to $27 from $26 at Jefferies
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