Rush Street Interactive (NYSE:RSI) Price Target Raised to $29.00 at Wells Fargo & Company

Rush Street Interactive (NYSE:RSI) had its target price raised by Wells Fargo & Company from $26.00 to $29.00 in a research report released on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other research analysts have also commented on the company. Citizens Jmp upped their price objective on Rush Street Interactive from $24.00 to $25.00 and gave the company a “market outperform” rating in a report on Wednesday, April 8th. Benchmark upped their price objective on Rush Street Interactive from $24.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday. Oppenheimer upped their price objective on Rush Street Interactive from $25.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday. Citigroup reaffirmed an “outperform” rating on shares of Rush Street Interactive in a report on Wednesday. Finally, JPMorgan Chase & Co. upped their price objective on Rush Street Interactive from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Rush Street Interactive currently has a consensus rating of “Moderate Buy” and an average target price of $27.22.

Rush Street Interactive Price Performance

Shares of NYSE RSI opened at $28.01 on Wednesday. The stock’s fifty day moving average price is $21.48 and its two-hundred day moving average price is $19.39. Rush Street Interactive has a one year low of $11.12 and a one year high of $29.00. The firm has a market cap of $6.51 billion, a price-to-earnings ratio of 100.03 and a beta of 1.45.

Rush Street Interactive (NYSE:RSI) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. Rush Street Interactive had a return on equity of 17.95% and a net margin of 2.94%.The firm had revenue of $370.36 million for the quarter, compared to analyst estimates of $327.76 million. During the same period in the prior year, the firm posted $0.09 EPS. The company’s revenue for the quarter was up 41.1% on a year-over-year basis. On average, equities analysts anticipate that Rush Street Interactive will post 0.43 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Kyle Sauers sold 23,000 shares of the company’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $22.62, for a total transaction of $520,260.00. Following the completion of the sale, the chief financial officer directly owned 677,258 shares in the company, valued at approximately $15,319,575.96. This represents a 3.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Richard Todd Schwartz sold 61,765 shares of the company’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $22.60, for a total value of $1,395,889.00. Following the sale, the chief executive officer owned 374,036 shares of the company’s stock, valued at approximately $8,453,213.60. The trade was a 14.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 1,404,588 shares of company stock worth $28,497,619. 56.94% of the stock is owned by insiders.

Institutional Trading of Rush Street Interactive

A number of institutional investors have recently modified their holdings of the stock. Concord Wealth Partners bought a new stake in shares of Rush Street Interactive during the 3rd quarter worth $41,000. Kemnay Advisory Services Inc. bought a new stake in shares of Rush Street Interactive during the 4th quarter worth $47,000. Empowered Funds LLC bought a new stake in shares of Rush Street Interactive during the 4th quarter worth $55,000. Osaic Holdings Inc. lifted its position in shares of Rush Street Interactive by 62.2% during the 2nd quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock worth $73,000 after buying an additional 1,868 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new stake in shares of Rush Street Interactive during the 2nd quarter worth $90,000. 24.78% of the stock is currently owned by institutional investors.

Key Headlines Impacting Rush Street Interactive

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

• Positive Sentiment: Q1 results beat and company raised guidance — Revenue $370.4M (+41% YoY) and EPS $0.14 vs. consensus $0.12; record net income ($26.2M, +134% YoY) and adjusted EBITDA ($60.2M, +81% YoY). Management raised FY2026 revenue and adjusted EBITDA guidance, which supports higher forward expectations. GlobeNewswire: Q1 Results & Guidance
• Positive Sentiment: Strong user growth highlighted — Monthly active users in North American online casino markets grew ~62%, underpinning revenue momentum and higher lifetime value assumptions. This operational strength helps justify multiple expansion and analyst upgrades. Q1 Slide Deck
• Positive Sentiment: Analyst upgrades/price?target increases — Needham raised its PT to $33 (buy) and Wells Fargo raised its PT to $29 (overweight), providing fresh buy?side support and likely contributing to upward price pressure. The Fly: Needham Upgrade Benzinga: Wells Fargo Upgrade
• Neutral Sentiment: Earnings call and transcript available — Management commentary and the full call/slides are published (useful for parsing forward assumptions and cadence of US/LatAm/other market rollouts). These materials clarify the beat but don’t by themselves change fundamentals. Seeking Alpha: Q1 Earnings Call Transcript
• Negative Sentiment: Insider selling — Multiple insiders (COO Mattias Stetz, Director Judith Gold, and Paul Wierbicki) sold large blocks (20k–50k+ shares each) in late April. All trades were reported as executed under pre?arranged Rule 10b5?1 plans, which tempers governance concerns but may still create short?term selling pressure or perception risk. SEC filings: Wierbicki Form 4 Gold Form 4 Stetz Form 4

About Rush Street Interactive

Rush Street Interactive (NYSE: RSI) is a digital gaming and sports betting company that develops and operates online wagering platforms in regulated markets. As a subsidiary of Rush Street Gaming, the company specializes in delivering interactive casino games, live dealer experiences, and sports betting services through desktop and mobile applications. Its technology infrastructure is designed to support real-time wagering, secure transactions, and responsible gaming tools across multiple jurisdictions.

The company’s flagship brand, BetRivers, offers a range of casino titles—including slots, table games, and virtual sports—alongside a comprehensive sportsbook featuring pre-game and in-play betting markets.