Rush Street Interactive price target raised to $33 from $25 at Needham

Needham raised the firm’s price target on Rush Street Interactive (RSI) to $33 from $25 and keeps a Buy rating on the shares after its Q1 earnings beat. The company continues to execute at a high level, benefiting from their iGaming focus and improving tax situation in Colombia, the analyst tells investors in a research note. The iGaming focus also helps thematically as a relatively safe haven insulated from competition, the firm added.