JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Rush Street Interactive (NYSE:RSI) Stock

Rush Street Interactive (NYSE:RSI) had its price target boosted by investment analysts at JPMorgan Chase & Co. from $26.00 to $30.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential downside of 10.41% from the company’s current price.

Other equities analysts have also issued research reports about the company. Benchmark boosted their price objective on Rush Street Interactive from $24.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Citigroup reiterated an “outperform” rating on shares of Rush Street Interactive in a report on Wednesday, July 8th. Oppenheimer increased their price objective on Rush Street Interactive from $25.00 to $30.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Needham & Company LLC lifted their target price on Rush Street Interactive from $25.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, Susquehanna increased their price target on Rush Street Interactive from $25.00 to $29.00 and gave the stock a “positive” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $30.75.

Rush Street Interactive Trading Down 2.0%

RSI opened at $33.49 on Wednesday. The firm has a market capitalization of $7.79 billion, a PE ratio of 108.02 and a beta of 1.56. Rush Street Interactive has a twelve month low of $14.38 and a twelve month high of $34.51. The firm’s 50-day moving average price is $28.88 and its 200 day moving average price is $23.27.

Rush Street Interactive (NYSE:RSI) last released its earnings results on Tuesday, April 28th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $370.36 million for the quarter, compared to analyst estimates of $330.82 million. Rush Street Interactive had a net margin of 2.98% and a return on equity of 17.21%. The business’s revenue was up 41.1% on a year-over-year basis. During the same period last year, the company posted $0.09 EPS. As a group, analysts predict that Rush Street Interactive will post 0.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Rush Street Interactive news, Chairman Neil Bluhm sold 1,371,150 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $24.96, for a total transaction of $34,223,904.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Judith Gold sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $27.58, for a total value of $1,379,000.00. 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 have sold 3,162,379 shares of company stock worth $81,133,020. Insiders own 52.89% of the company’s stock.

Hedge Funds Weigh In On Rush Street Interactive

Institutional investors have recently bought and sold shares of the company. Kemnay Advisory Services Inc. purchased a new stake in shares of Rush Street Interactive in the fourth quarter valued at about $47,000. CoreCap Advisors LLC purchased a new position in Rush Street Interactive during the second quarter worth about $54,000. Empowered Funds LLC purchased a new position in Rush Street Interactive during the fourth quarter worth about $55,000. Osaic Holdings Inc. lifted its position in Rush Street Interactive by 62.2% in the second quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock valued at $73,000 after purchasing an additional 1,868 shares during the period. Finally, Lazard Asset Management LLC acquired a new stake in Rush Street Interactive in the second quarter valued at about $90,000. 24.78% of the stock is owned by institutional investors and hedge funds.

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.