Rush Street Interactive (NYSE:RSI) Stock Gets Price Target Reduction from JPMorgan Chase & Co.

by · The Markets Daily

Rush Street Interactive (NYSE:RSI – Free Report) had its price target decreased by JPMorgan Chase & Co. from $22.00 to $18.00 in a research report released on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Susquehanna decreased their price target on shares of Rush Street Interactive from $37.00 to $27.00 and set a “positive” rating on the stock in a research note on Friday, October 9th. Stifel Nicolaus lowered their price target on shares of Rush Street Interactive from $34.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, October 26th. Barclays assumed coverage on shares of Rush Street Interactive in a research note on Friday, October 23rd. They issued an “overweight” rating and a $24.00 price objective for the company. Oppenheimer reduced their price objective on shares of Rush Street Interactive from $36.00 to $25.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Citizens Jmp reduced their price objective on shares of Rush Street Interactive from $34.00 to $24.00 and set a “market outperform” rating for the company in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $27.54.

View Our Latest Stock Report on Rush Street Interactive

Rush Street Interactive Trading Down 11.1%

Shares of NYSE:RSI opened at $12.11 on Thursday. Rush Street Interactive has a 1-year low of $11.88 and a 1-year high of $34.53. The firm has a market capitalization of $2.81 billion, a PE ratio of 36.70 and a beta of 1.71. The business’s 50 day moving average is $21.52 and its 200-day moving average is $23.74.

Rush Street Interactive (NYSE:RSI – Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The business had revenue of $385.85 million for the quarter, compared to analysts’ expectations of $388.05 million. Rush Street Interactive had a return on equity of 24.46% and a net margin of 2.56%. Rush Street Interactive’s quarterly revenue was up 38.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.09 earnings per share. On average, sell-side analysts predict that Rush Street Interactive will post 0.49 EPS for the current year.

Insider Buying and Selling

In other news, CFO Kyle Sauers sold 23,000 shares of the stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $20.31, for a total value of $467,130.00. Following the completion of the transaction, the chief financial officer directly owned 583,526 shares of the company’s stock, valued at approximately $11,851,413.06. This represents a 3.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jack Markell bought 1,500 shares of the company’s stock in a transaction dated Friday, September 25th. The stock was bought at an average cost of $19.35 per share, with a total value of $29,025.00. Following the completion of the acquisition, the director owned 18,883 shares in the company, valued at $365,386.05. This represents a 8.63% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have sold 603,998 shares of company stock valued at $14,814,268. 52.89% of the stock is currently owned by company insiders.

Institutional Trading of Rush Street Interactive

Institutional investors have recently bought and sold shares of the stock. GSA Capital Partners LLP acquired a new position in Rush Street Interactive during the second quarter worth $1,996,000. Quantinno Capital Management LP bought a new position in shares of Rush Street Interactive during the first quarter valued at $1,769,000. BlackRock Inc. bought a new position in shares of Rush Street Interactive during the second quarter valued at $448,435,000. Bank of America Corp DE bought a new position in shares of Rush Street Interactive during the second quarter valued at $34,015,000. Finally, Tidal Investments LLC bought a new position in shares of Rush Street Interactive during the second quarter valued at $1,323,000. Institutional investors and hedge funds own 24.78% of the company’s stock.

Key Stories Impacting Rush Street Interactive

Here are the key news stories impacting Rush Street Interactive this week:

  • Positive Sentiment: Q3 earnings beat expectations: RSI reported adjusted earnings of $0.15 per share, up from $0.09 a year earlier and ahead of the roughly $0.14 Wall Street estimate. Revenue increased 38.8% year over year to approximately $385.9 million, with online casino operations contributing 75% of total revenue. Rush Street Interactive Q3 Earnings Top Estimates
  • Positive Sentiment: Analysts remain broadly constructive: Barclays, Wells Fargo, Oppenheimer, Needham and Citizens JMP maintained bullish ratings, including overweight, outperform, buy and market outperform recommendations. Even after reductions, their targets imply substantial upside from current levels. Barclays Lowers Rush Street Interactive Price Target
  • Neutral Sentiment: Full-year guidance was reiterated or updated around consensus: RSI’s 2026 revenue outlook remains approximately $1.56 billion to $1.60 billion, while the latest guidance of $1.6 billion is in line with analyst expectations. This limits the risk of a major forecast cut but offers little incremental upside.
  • Negative Sentiment: Revenue fell short of estimates: Despite strong growth, Q3 sales were below the approximately $388.1 million consensus forecast. Investors may be concerned that growth is not translating into results above expectations. Rush Street Interactive Reports Sales Below Estimates
  • Negative Sentiment: October trends point to the low end of guidance: Management indicated that current October performance may lead RSI toward the lower end of its full-year revenue range, raising concerns about slowing momentum.
  • Negative Sentiment: Multiple price targets were cut: JPMorgan reduced its target from $22 to $18 and shifted to neutral, while other firms lowered targets substantially despite retaining positive ratings. The revisions signal more cautious expectations following the earnings report.

Rush Street Interactive Company Profile

(Get Free Report)

Rush Street Interactive, Inc is an online gaming and sports betting company that operates regulated internet casino and sportsbook platforms. Its primary consumer brands include BetRivers, PlaySugarHouse and RushBet, offering online casino games, sports wagering and related digital gaming products through websites and mobile applications.

The company serves customers in regulated markets across the United States and Latin America, with operations also extending to select international jurisdictions.

Further Reading