Citizens Jmp Issues Positive Forecast for Rush Street Interactive (NYSE:RSI) Stock Price

Rush Street Interactive (NYSE:RSI) had its price objective hoisted by Citizens Jmp from $33.00 to $34.00 in a research note published on Thursday,Benzinga reports. The brokerage currently has a market outperform rating on the stock.

RSI has been the subject of several other reports. Benchmark upped their target price 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. Wells Fargo & Company raised their price target on shares of Rush Street Interactive from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Thursday. Citigroup restated a “market outperform” rating on shares of Rush Street Interactive in a report on Thursday. JPMorgan Chase & Co. upped their price objective on shares of Rush Street Interactive from $26.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $39.00 target price on shares of Rush Street Interactive in a research note on Thursday. One 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 stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $35.22.

Rush Street Interactive Trading Down 12.9%

NYSE:RSI opened at $26.81 on Thursday. The firm has a market capitalization of $6.24 billion, a PE ratio of 92.44 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. The firm’s fifty day simple moving average is $29.87 and its 200 day simple moving average is $24.31.

Rush Street Interactive (NYSE:RSI) last released its earnings results on Wednesday, July 29th. The company reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.15. Rush Street Interactive had a net margin of 2.33% and a return on equity of 19.51%. The firm had revenue of $393.78 million during the quarter, compared to analyst estimates of $367.75 million. During the same quarter in the previous year, the business earned $0.11 EPS. The business’s revenue was up 46.3% on a year-over-year basis. As a group, analysts anticipate that Rush Street Interactive will post 0.5 EPS for the current fiscal year.

Insider Buying and Selling at Rush Street Interactive

In other news, CFO Kyle Sauers sold 23,000 shares of the firm’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $31.53, for a total transaction of $725,190.00. Following the completion of the transaction, the chief financial officer directly owned 652,526 shares of the company’s stock, valued at approximately $20,574,144.78. This trade represents a 3.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul Wierbicki sold 10,000 shares of Rush Street Interactive stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $30.12, for a total transaction of $301,200.00. Following the sale, the insider owned 93,256 shares in the company, valued at approximately $2,808,870.72. This trade represents a 9.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,708,993 shares of company stock worth $69,135,460 over the last three months. 52.89% of the stock is currently owned by corporate insiders.

Institutional Trading of Rush Street Interactive

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RSI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Rush Street Interactive by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,163 shares of the company’s stock worth $484,000 after purchasing an additional 1,893 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Rush Street Interactive by 18.8% during the first quarter. Goldman Sachs Group Inc. now owns 689,701 shares of the company’s stock valued at $7,394,000 after purchasing an additional 109,366 shares in the last quarter. Prudential Financial Inc. acquired a new stake in Rush Street Interactive during the second quarter valued at approximately $166,000. Invesco Ltd. grew its stake in shares of Rush Street Interactive by 377.1% in the 2nd quarter. Invesco Ltd. now owns 272,693 shares of the company’s stock valued at $4,063,000 after purchasing an additional 215,538 shares during the period. Finally, First Trust Advisors LP bought a new stake in shares of Rush Street Interactive in the 2nd quarter valued at approximately $3,766,000. Institutional investors own 24.78% of the company’s stock.

Key Headlines Impacting Rush Street Interactive

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

• Positive Sentiment: Strong Q2 results and raised guidance: Revenue reached a record $393.8 million, up 46% year over year and above the $367.8 million consensus estimate. Net income was a record $29.3 million, while adjusted EBITDA rose 61% to $64.6 million. RSI also raised its 2026 revenue outlook to approximately $1.56 billion-$1.60 billion, above prior expectations. Rush Street Interactive Announces Second Quarter 2026 Results and Raises Full Year Guidance
• Positive Sentiment: Casino growth is offsetting slower sportsbooks: North American online-casino monthly active users increased 64%, supporting RSI’s casino-first strategy and the company’s revenue outlook. The Alberta launch is also expected to contribute to growth. Rush Street’s Casino-First Strategy Pays Off as Sportsbooks Slow
• Positive Sentiment: Analysts remain constructive: Citizens JMP raised its price target to $34 from $33 with a “market outperform” rating, while Wells Fargo increased its target to $36 from $35 and maintained an “overweight” rating.
• Neutral Sentiment: Prediction-market optionality remains unresolved: RSI filed with the CFTC, keeping open the possibility of entering prediction markets. This could create a new growth opportunity, but the regulatory path and commercial impact remain uncertain. Rush Street Keeps Prediction Market Options Open With CFTC Filing
• Negative Sentiment: Expectations and valuation may be weighing on the stock: Second-quarter EPS of $0.15 matched estimates rather than exceeding them, and RSI trades at a high earnings multiple. A valuation analysis also warned of substantial downside, potentially encouraging investors to lock in gains after the recent rally.

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.