Rush Street Interactive (NYSE:RSI) Price Target Cut to $25.00 by Analysts at Oppenheimer

Rush Street Interactive (NYSE:RSI) had its target price lowered by equities researchers at Oppenheimer from $36.00 to $25.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer‘s price objective points to a potential upside of 66.58% from the company’s previous close.

A number of other research analysts have also issued reports on the stock. Wall Street Zen lowered shares of Rush Street Interactive from a “buy” rating to a “hold” rating in a research note on Saturday, October 17th. Citizens Jmp restated a “market outperform” rating and issued a $34.00 target price on shares of Rush Street Interactive in a research report on Tuesday, September 22nd. Benchmark raised their price target on shares of Rush Street Interactive from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. cut their price target on Rush Street Interactive from $30.00 to $22.00 and set a “neutral” rating on the stock in a report on Tuesday, October 20th. Finally, Morgan Stanley assumed coverage on Rush Street Interactive in a research report on Monday, October 19th. They set an “equal weight” rating and a $22.00 price objective for the company. One 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 company. Based on data from MarketBeat.com, Rush Street Interactive currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.50.

Rush Street Interactive Stock Performance

Shares of RSI opened at $15.01 on Thursday. Rush Street Interactive has a 1 year low of $14.82 and a 1 year high of $34.53. The company has a market cap of $3.48 billion, a price-to-earnings ratio of 51.75 and a beta of 1.71. The firm has a fifty day moving average of $22.03 and a 200-day moving average of $23.80.

Rush Street Interactive (NYSE:RSI) last released its quarterly earnings results on Wednesday, October 28th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.13 by $0.02. Rush Street Interactive had a net margin of 2.33% and a return on equity of 18.88%. The business had revenue of $385.85 million during the quarter, compared to analyst estimates of $388.05 million. During the same quarter in the prior year, the firm earned $0.09 earnings per share. The company’s quarterly revenue was up 38.8% on a year-over-year basis. Analysts predict that Rush Street Interactive will post 0.49 EPS for the current year.

Insider Activity at Rush Street Interactive

In other news, COO Mattias Stetz sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $19.87, for a total value of $397,400.00. Following the completion of the sale, the chief operating officer directly owned 137,874 shares of the company’s stock, valued at approximately $2,739,556.38. This represents a 12.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jack Markell acquired 1,500 shares of the firm’s stock in a transaction dated Friday, September 25th. The stock was bought at an average price of $19.35 per share, with a total value of $29,025.00. Following the completion of the acquisition, the director directly owned 18,883 shares of the company’s stock, valued at approximately $365,386.05. This represents a 8.63% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders sold 603,998 shares of company stock valued at $14,814,268. 52.89% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Rush Street Interactive

A number of institutional investors have recently added to or reduced their stakes in RSI. BlackRock Inc. acquired a new stake in shares of Rush Street Interactive during the second quarter worth $448,435,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Rush Street Interactive by 84.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,764,173 shares of the company’s stock valued at $60,121,000 after purchasing an additional 1,267,622 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Rush Street Interactive by 15.9% in the 1st quarter. Renaissance Technologies LLC now owns 2,285,000 shares of the company’s stock valued at $49,699,000 after purchasing an additional 312,700 shares during the period. William Blair Investment Management LLC acquired a new position in shares of Rush Street Interactive in the 2nd quarter valued at $48,647,000. Finally, Bank of America Corp DE acquired a new position in shares of Rush Street Interactive in the 2nd quarter valued at $34,015,000. 24.78% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Rush Street Interactive

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

• Positive Sentiment: Third-quarter earnings were $0.15 per share, above the $0.13–$0.14 analyst consensus and up from $0.09 a year earlier. Net income increased 93% year over year to $28.7 million, while adjusted EBITDA rose 73% to $62.2 million. Rush Street Interactive Q3 Earnings Top Estimates
• Positive Sentiment: Revenue reached $385.9 million, up 39% year over year, and North American monthly active users reached a quarterly record. Online casino operations contributed approximately 75% of revenue, highlighting RSI’s higher-margin casino exposure. Rush Street Interactive: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Management reiterated its full-year 2026 revenue and adjusted EBITDA guidance, reducing the risk of an immediate outlook cut but offering no new upside to expectations. Rush Street Interactive Announces Third Quarter 2026 Results and Reiterates Full Year Guidance
• Negative Sentiment: Quarterly revenue of $385.9 million was below the approximately $388.1 million consensus estimate. The modest sales miss may be driving the weaker stock reaction despite the earnings beat, particularly given RSI’s elevated valuation and recent trading near its 52-week low. Rush Street Interactive Reports Sales Below Analyst Estimates

About Rush Street Interactive

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.