Jefferies raised the firm’s price target on Rush Street Interactive (RSI) to $26 from $23 and keeps a Buy rating on the shares as part of a Q3 preview for the online gaming space. The firm remains positive on the group despite negative sentiment from the prediction markets “broad market de-risking.” Rush Street should benefit from Colombia tax relief in fiscal 2026 while its internet gaming business remains strong, the analyst tells investors in a research note.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RSI:
- Rush Street Interactive: Strong Market Position and Growth Potential Justify Buy Rating
- Nevada reports August gaming win up 5.49% to $1.23B
- DraftKings (DKNG) Wins Analyst Praise despite Its Worst Single-Game Loss Ever
- Rush Street Interactive price target raised to $24 from $20 at Benchmark
- Strong User Growth and Financial Flexibility Propel Rush Street Interactive’s Buy Rating