Oppenheimer Has Lowered Expectations for Rush Street Interactive (NYSE:RSI) Stock Price

Key Points

• Oppenheimer cut Rush Street Interactive’s price target from $36 to $25 while maintaining an “outperform” rating. The new target still implies approximately 66.6% upside from the reported $15.01 share price.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and average price target of $29.50, despite several firms recently lowering their targets.
• RSI’s latest results showed mixed performance: quarterly EPS beat estimates and revenue grew 38.8% year over year to $385.9 million, but sales came in slightly below consensus. Insiders sold approximately $14.8 million of shares over the past 90 days.

Rush Street Interactive (NYSE:RSI - Get Free Report) had its price objective reduced by Oppenheimer from $36.00 to $25.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Oppenheimer's price target would indicate a potential upside of 66.58% from the company's current price.

A number of other research firms also recently weighed in on RSI. New Street Research set a $35.00 price target on shares of Rush Street Interactive in a research report on Thursday, July 23rd. Jefferies Financial Group reaffirmed a "buy" rating on shares of Rush Street Interactive in a report on Thursday. Stifel Nicolaus reduced their price objective on shares of Rush Street Interactive from $34.00 to $30.00 and set a "buy" rating on the stock in a research note on Monday. Wall Street Zen lowered shares of Rush Street Interactive from a "buy" rating to a "hold" rating in a report on Saturday, October 17th. Finally, Susquehanna dropped their target price on shares of Rush Street Interactive from $37.00 to $27.00 and set a "positive" rating for the company in a research report on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, Rush Street Interactive has an average rating of "Moderate Buy" and a consensus target price of $29.50.

Rush Street Interactive Price Performance

Shares of Rush Street Interactive stock 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 capitalization of $3.48 billion, a PE ratio of 51.75 and a beta of 1.71. The business has a 50-day moving average of $22.03 and a 200-day moving average of $23.80.

Rush Street Interactive (NYSE:RSI - Get Free Report) 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 return on equity of 18.88% and a net margin of 2.33%. The business had revenue of $385.85 million for the quarter, compared to analysts' expectations of $388.05 million. During the same quarter in the previous year, the firm posted $0.09 earnings per share. The company's revenue was up 38.8% compared to the same quarter last year. On average, equities analysts expect that Rush Street Interactive will post 0.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Rush Street Interactive news, CFO Kyle Sauers sold 23,000 shares of the stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $26.56, for a total transaction of $610,880.00. Following the sale, the chief financial officer directly owned 606,526 shares of the company's stock, valued at approximately $16,109,330.56. This represents a 3.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Mattias Stetz sold 20,000 shares of the firm's stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $25.68, for a total transaction of $513,600.00. Following the completion of the transaction, the chief operating officer owned 157,874 shares in the company, valued at approximately $4,054,204.32. The trade was a 11.24% decrease in their ownership of the stock. 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 sold a total of 603,998 shares of company stock valued at $14,814,268 over the last 90 days. 52.89% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in Rush Street Interactive during the second quarter worth about $448,435,000. Arrowstreet Capital Limited Partnership boosted its stake in Rush Street Interactive by 84.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,764,173 shares of the company's stock valued at $60,121,000 after acquiring an additional 1,267,622 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Rush Street Interactive by 15.9% during the first 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 last quarter. William Blair Investment Management LLC bought a new position in shares of Rush Street Interactive during the second quarter valued at approximately $48,647,000. Finally, Bank of America Corp DE bought a new position in shares of Rush Street Interactive during the second quarter valued at approximately $34,015,000. 24.78% of the stock is owned by institutional investors and hedge funds.

More Rush Street Interactive News

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

Rush Street Interactive Company Profile

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.

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