Rush Street Interactive price target raised to $25 from $23 at Needham

Needham raised the firm’s price target on Rush Street Interactive (RSI) to $25 from $23 and keeps a Buy rating on the shares after its Q4 results. The firm is increasing its FY26 EBITDA estimates, driven by higher estimates in LatAm from the improving tax environment, the analyst tells investors in a research note. There are additional catalysts ahead for Rush Street, including potentially new territory launches, tax resolution in Colombia, the World Cup and being more insulated from the prediction market debate, the firm adds.