Citizens Jmp 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 Citizens Jmp from $33.00 to $34.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “market outperform” rating on the stock. Citizens Jmp’s target price suggests a potential upside of 26.35% from the company’s current price.

Other equities analysts have also issued reports about the stock. New Street Research set a $35.00 target price on shares of Rush Street Interactive in a research note on Thursday, July 23rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Rush Street Interactive in a research report on Monday, July 6th. Citigroup reiterated a “market outperform” rating on shares of Rush Street Interactive in a report on Thursday. Jefferies Financial Group reissued a “buy” rating and issued a $39.00 target price on shares of Rush Street Interactive in a research note on Thursday. Finally, Wall Street Zen cut Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. One 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $35.22.

Rush Street Interactive Trading Up 0.6%

Shares of NYSE:RSI opened at $26.91 on Thursday. The business has a 50-day moving average price of $29.87 and a two-hundred day moving average price of $24.32. The stock has a market capitalization of $6.26 billion, a P/E ratio of 92.79 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 posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.15. The company had revenue of $393.78 million for the quarter, compared to the consensus estimate of $367.75 million. Rush Street Interactive had a return on equity of 18.88% and a net margin of 2.33%.The firm’s quarterly revenue was up 46.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.11 EPS. As a group, equities analysts predict that Rush Street Interactive will post 0.5 EPS for the current year.

Insider Transactions at Rush Street Interactive

In other news, insider Paul Wierbicki sold 10,000 shares of the business’s 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 in the company, valued at approximately $2,808,870.72. The trade was a 9.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Mattias Stetz sold 20,000 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $31.22, for a total value of $624,400.00. Following the transaction, the chief operating officer directly owned 197,874 shares of the company’s stock, valued at approximately $6,177,626.28. This represents a 9.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 2,708,993 shares of company stock valued at $69,135,460. Company insiders own 52.89% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of RSI. Vanguard Group Inc. boosted its stake in Rush Street Interactive by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 9,050,062 shares of the company’s stock valued at $175,843,000 after acquiring an additional 227,783 shares during the last quarter. Alliancebernstein L.P. raised its stake in Rush Street Interactive by 1.3% in the second quarter. Alliancebernstein L.P. now owns 6,214,230 shares of the company’s stock valued at $92,592,000 after purchasing an additional 80,471 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Rush Street Interactive by 763.6% during the third quarter. Ameriprise Financial Inc. now owns 2,822,991 shares of the company’s stock worth $57,815,000 after purchasing an additional 2,496,109 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Rush Street Interactive by 84.7% in the 1st 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 in the last quarter. Finally, William Blair Investment Management LLC grew its position in Rush Street Interactive by 17.3% during the 4th quarter. William Blair Investment Management LLC now owns 2,557,778 shares of the company’s stock worth $49,698,000 after acquiring an additional 378,002 shares during the last quarter. Hedge funds and other institutional investors own 24.78% of the company’s stock.

Key Stories Impacting Rush Street Interactive

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

• Positive Sentiment: Strong Q2 performance and higher guidance: RSI reported second-quarter revenue of approximately $393.8 million, up 46.3% year over year, while adjusted earnings of $0.15 per share matched estimates and improved from $0.11 a year earlier. Management projected 2026 revenue of $1.56 billion to $1.60 billion, supported by growth in online casino and the Alberta launch. Rush Street Interactive Announces Second Quarter 2026 Results and Raises Full Year Guidance
• Positive Sentiment: Casino-first strategy is gaining traction: Coverage highlights record revenue and adjusted EBITDA growth as the company relies more heavily on its online casino business, which has helped offset slower sportsbook momentum. Rush Street’s Casino-First Strategy Pays Off as Sportsbooks Slow
• Positive Sentiment: Analysts raised targets: Wells Fargo increased its target from $35 to $36 and maintained an “overweight” rating, while Citizens JMP raised its target from $33 to $34 and kept a “market outperform” rating. These targets imply substantial upside and reinforce improving confidence in RSI’s growth outlook. Analyst Price Target Updates
• Positive Sentiment: Additional market opportunity: A CFTC filing reportedly keeps RSI’s options open to participate in prediction markets, potentially creating a new growth avenue if regulations permit. Rush Street Keeps Prediction Market Options Open With CFTC Filing
• Neutral Sentiment: Broader commentary views gambling companies as attractive for resilient demand and pricing power, but also flags regulatory, litigation and ESG risks. RSI’s elevated valuation and sportsbook slowdown remain considerations for investors. Sin Stocks: Why Investors Continue to Bet on Controversial Companies

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.