Wells Fargo & Company Forecasts Strong Price Appreciation for Rush Street Interactive (NYSE:RSI) Stock

Rush Street Interactive (NYSE:RSI) had its price objective raised by investment analysts at Wells Fargo & Company from $35.00 to $36.00 in a report released on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential upside of 29.95% from the company’s previous close.

RSI has been the topic of several other research reports. Jefferies Financial Group restated a “buy” rating and set a $39.00 price objective on shares of Rush Street Interactive in a report on Thursday. Citizens Jmp increased their target price on Rush Street Interactive from $30.00 to $33.00 and gave the stock a “market outperform” rating in a research report on Wednesday, July 8th. Benchmark raised their price target on Rush Street Interactive from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. New Street Research set a $35.00 price target on Rush Street Interactive in a report on Thursday, July 23rd. Finally, Wall Street Zen downgraded shares of Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.11.

Rush Street Interactive Price Performance

NYSE:RSI opened at $27.70 on Thursday. The firm has a 50 day simple moving average of $29.89 and a 200-day simple moving average of $24.25. The firm has a market cap of $6.45 billion, a PE ratio of 87.54 and a beta of 1.56. Rush Street Interactive has a 1-year low of $15.51 and a 1-year high of $34.53.

Rush Street Interactive (NYSE:RSI) last released its earnings results on Wednesday, July 29th. The company reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. The firm had revenue of $393.78 million during the quarter, compared to analysts’ expectations of $367.75 million. Rush Street Interactive had a net margin of 2.98% and a return on equity of 17.21%. Rush Street Interactive’s revenue for the quarter was up 46.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.11 EPS. As a group, sell-side analysts expect that Rush Street Interactive will post 0.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Paul Wierbicki sold 10,000 shares of Rush Street Interactive stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $30.12, for a total transaction of $301,200.00. Following the sale, the insider directly owned 93,256 shares of the company’s stock, valued at approximately $2,808,870.72. The trade was a 9.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Mattias Stetz sold 20,000 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $31.22, for a total value of $624,400.00. Following the completion of the transaction, the chief operating officer owned 197,874 shares in the company, valued at approximately $6,177,626.28. This trade represents a 9.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 2,887,328 shares of company stock valued at $74,151,223 over the last ninety days. Insiders own 52.89% of the company’s stock.

Hedge Funds Weigh In On Rush Street Interactive

Several institutional investors and hedge funds have recently made changes to their positions in RSI. New York State Teachers Retirement System raised its holdings in Rush Street Interactive by 5.2% in the first quarter. New York State Teachers Retirement System now owns 8,441 shares of the company’s stock valued at $184,000 after acquiring an additional 419 shares in the last quarter. Man Group plc grew its holdings in Rush Street Interactive by 0.7% during the 2nd quarter. Man Group plc now owns 89,535 shares of the company’s stock worth $1,334,000 after acquiring an additional 654 shares in the last quarter. Cerity Partners LLC grew its holdings in Rush Street Interactive by 4.6% during the 4th quarter. Cerity Partners LLC now owns 23,675 shares of the company’s stock worth $460,000 after acquiring an additional 1,042 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Rush Street Interactive by 10.3% in the 4th quarter. ProShare Advisors LLC now owns 16,740 shares of the company’s stock worth $325,000 after purchasing an additional 1,561 shares during the last quarter. Finally, CoreCap Advisors LLC bought a new stake in shares of Rush Street Interactive in the 2nd quarter worth about $54,000. 24.78% of the stock is currently owned by hedge funds and other institutional investors.

Rush Street Interactive News Summary

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

• Positive Sentiment: Revenue reached a record $393.8 million, up 46% year over year and well above the $367.75 million analyst consensus. EPS was $0.15, matching estimates and improving from $0.11 a year earlier. Rush Street Interactive Announces Second Quarter 2026 Results and Raises Full Year Guidance
• Positive Sentiment: Profitability showed significant momentum: quarterly net income was a record $29.3 million, while adjusted EBITDA rose 61% year over year to a record $64.6 million. North American online-casino monthly active users increased 64%, supporting expectations for continued growth. Rush Street Interactive Lights Up Q2 2026 with Record Revenue and Adjusted EBITDA Growth
• Positive Sentiment: Management raised 2026 revenue guidance to approximately $1.56 billion-$1.60 billion, above the roughly $1.5 billion consensus, as the company ramps its Alberta launch. The improved outlook also includes higher adjusted EBITDA expectations. Rush Street Interactive Projects 2026 Revenue as It Ramps Alberta Launch
• Neutral Sentiment: The earnings call highlighted Alberta expansion and continued online-casino user growth as key drivers, but investors will be watching whether the new market can scale efficiently and sustain the company’s elevated growth rate. Rush Street Interactive Q2 2026 Earnings Call Transcript
• Negative Sentiment: Although results were strong, EPS only met expectations rather than exceeding them. RSI also trades at a high valuation, with a reported price-to-earnings ratio above 100, and one valuation analysis estimates substantial downside risk. Earnings to Watch: Rush Street Interactive Q2 2026

Rush Street Interactive Company Profile

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.