Rush Street Interactive (NYSE:RSI) Stock Price Target Cut by JPMorgan Chase & Co.

Key Points

• JPMorgan cut Rush Street Interactive’s price target from $22 to $18 while maintaining a “neutral” rating, implying roughly 33% upside from the prior close.
• Other analysts also reduced targets, but sentiment remains positive overall: RSI has a consensus “Moderate Buy” rating and an average price target of $27.62.
• RSI reported third-quarter earnings of $0.15 per share, beating estimates, while revenue rose 38.8% year over year to $385.85 million but narrowly missed forecasts; shares fell to $13.56.

Rush Street Interactive (NYSE:RSI - Get Free Report) had its price target dropped by JPMorgan Chase & Co. from $22.00 to $18.00 in a report released on Thursday, Benzinga reports. The firm currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 32.72% from the company's previous close.

A number of other brokerages also recently weighed in on RSI. Wells Fargo & Company cut their target price on Rush Street Interactive from $36.00 to $26.00 and set an "overweight" rating on the stock in a research note on Thursday. Citizens Jmp decreased their price target on Rush Street Interactive from $34.00 to $24.00 and set a "market outperform" rating for the company in a research report on Thursday. Craig Hallum reiterated a "buy" rating and set a $29.00 price target on shares of Rush Street Interactive in a report on Thursday. Jefferies Financial Group reissued a "buy" rating on shares of Rush Street Interactive in a research report on Thursday. Finally, Barclays initiated coverage on Rush Street Interactive in a research note on Friday, October 23rd. They issued an "overweight" rating and a $24.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $27.62.

Rush Street Interactive Price Performance

Shares of RSI stock traded down $1.57 on Thursday, hitting $13.56. The stock had a trading volume of 10,282,941 shares, compared to its average volume of 2,561,365. The business has a 50 day moving average of $22.03 and a 200 day moving average of $23.80. Rush Street Interactive has a 12-month low of $13.53 and a 12-month high of $34.53. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 46.77 and a beta of 1.71.

Rush Street Interactive (NYSE:RSI - Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.02. The business had revenue of $385.85 million for the quarter, compared to analysts' expectations of $388.05 million. Rush Street Interactive had a net margin of 2.33% and a return on equity of 18.88%. The firm's revenue for the quarter was up 38.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.09 earnings per share. As a group, research analysts expect that Rush Street Interactive will post 0.49 earnings per share 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 stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly owned 606,526 shares of the company's stock, valued at $16,109,330.56. This represents a 3.65% decrease in their position. The transaction was disclosed in a legal filing 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, CEO Richard Schwartz sold 111,112 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $28.02, for a total transaction of $3,113,358.24. Following the transaction, the chief executive officer directly owned 421,258 shares of the company's stock, valued at $11,803,649.16. This represents a 20.87% 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 have sold a total of 603,998 shares of company stock worth $14,814,268 over the last three months. 52.89% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Rush Street Interactive

Several institutional investors and hedge funds have recently bought and sold shares of RSI. BlackRock Inc. purchased a new stake in shares of Rush Street Interactive during the 2nd quarter valued at approximately $448,435,000. William Blair Investment Management LLC bought a new position in Rush Street Interactive in the 2nd quarter worth approximately $48,647,000. Arrowstreet Capital Limited Partnership grew its stake in 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 buying an additional 1,267,622 shares in the last quarter. Bank of America Corp DE purchased a new position in Rush Street Interactive in the 2nd quarter valued at approximately $34,015,000. Finally, Cooper Creek Partners Management LLC bought a new stake in Rush Street Interactive during the 1st quarter valued at $24,874,000. 24.78% of the stock is owned by institutional investors.

Key Headlines Impacting Rush Street Interactive

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

• Positive Sentiment: RSI reported third-quarter revenue of $385.9 million, up 39% year over year, while net income rose 93% to $28.7 million and adjusted EBITDA increased 73% to $62.2 million. Earnings of $0.15 per share exceeded the $0.13 consensus estimate. Rush Street Interactive Announces Third Quarter 2026 Results and Reiterates Full Year Guidance
• Positive Sentiment: Record North American monthly active users and continued growth in online casino operations— which generated roughly 75% of revenue—support the company’s scale and profitability outlook. Rush Street Interactive: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Management reiterated its 2026 revenue outlook of $1.56 billion to $1.60 billion and full-year adjusted EBITDA guidance. However, October trends are tracking toward the low end of the revenue range, limiting the near-term upside from the guidance reaffirmation. Rush Street Interactive Reiterates 2026 Revenue Outlook
• Negative Sentiment: Quarterly revenue fell slightly short of analysts’ approximately $388.1 million forecast, tempering the impact of the EPS beat and contributing to investor disappointment. Rush Street Interactive Reports Sales Below Analyst Estimates
• Negative Sentiment: Citizens JMP, Wells Fargo, Oppenheimer and Needham all lowered their RSI price targets, although each maintained a bullish rating. The cuts—from $34–$36 previously to $24–$26—indicate analysts are recalibrating expectations despite the remaining implied upside. Wells Fargo RSI Price Target Update

About Rush Street Interactive

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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