Rush Street Interactive (NYSE:RSI) Stock Price Target Lowered at Barclays

Key Points

• Barclays lowered Rush Street Interactive’s price target to $23 from $24 while maintaining an “overweight” rating, implying approximately 81% upside from the prior close.
• RSI shares fell 6.7% to $12.71, near their 52-week low, despite reporting quarterly EPS of $0.15—above the $0.13 consensus—and 38.8% year-over-year revenue growth to $385.9 million.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and $27.54 average target, but several firms have recently reduced targets amid revenue slightly missing estimates and concerns that October trends may approach the low end of full-year guidance.

Rush Street Interactive (NYSE:RSI - Get Free Report) had its price objective cut by equities researchers at Barclays from $24.00 to $23.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Barclays's price target suggests a potential upside of 81.00% from the company's previous close.

Other analysts have also recently issued research reports about the stock. Citizens Jmp cut their price target on shares of Rush Street Interactive from $34.00 to $24.00 and set a "market outperform" rating on the stock in a research report on Thursday. Needham & Company LLC dropped their price objective on Rush Street Interactive from $36.00 to $25.00 and set a "buy" rating on the stock in a research note on Thursday. JPMorgan Chase & Co. decreased their target price on Rush Street Interactive from $22.00 to $18.00 and set a "neutral" rating for the company in a research note on Thursday. Craig Hallum restated a "buy" rating and set a $29.00 price target on shares of Rush Street Interactive in a report on Thursday. Finally, Citigroup reaffirmed a "market outperform" rating on shares of Rush Street Interactive in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $27.54.

Rush Street Interactive Trading Down 6.7%

RSI traded down $0.91 on Friday, reaching $12.71. The stock had a trading volume of 3,963,332 shares, compared to its average volume of 2,566,446. The firm has a 50-day moving average of $21.78 and a 200-day moving average of $23.77. Rush Street Interactive has a fifty-two week low of $12.18 and a fifty-two week high of $34.53. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 38.50 and a beta of 1.71.

Rush Street Interactive (NYSE:RSI - Get Free Report) last posted its earnings results on Wednesday, October 28th. The company reported $0.15 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.02. Rush Street Interactive had a net margin of 2.56% and a return on equity of 25.26%. The firm had revenue of $385.85 million for the quarter, compared to analyst estimates of $388.05 million. During the same period in the previous year, the firm posted $0.09 EPS. The company's revenue for the quarter was up 38.8% compared to the same quarter last year. Sell-side analysts anticipate that Rush Street Interactive will post 0.49 EPS for the current fiscal year.

Insider Activity

In related news, CEO Richard Schwartz sold 111,112 shares of the company's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $28.02, for a total transaction of $3,113,358.24. Following the completion of the sale, the chief executive officer owned 421,258 shares in the company, valued at approximately $11,803,649.16. This represents a 20.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Mattias Stetz sold 20,000 shares of the company's stock in a transaction on 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 sale, the chief operating officer owned 157,874 shares of the company's stock, valued at approximately $4,054,204.32. The trade was a 11.24% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 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

Hedge funds have recently modified their holdings of the company. GSA Capital Partners LLP bought a new stake in Rush Street Interactive in the second quarter worth about $1,996,000. Quantinno Capital Management LP bought a new position in shares of Rush Street Interactive during the 1st quarter valued at approximately $1,769,000. BlackRock Inc. purchased a new stake in shares of Rush Street Interactive during the 2nd quarter worth approximately $448,435,000. Bank of America Corp DE bought a new stake in shares of Rush Street Interactive in the 2nd quarter worth approximately $34,015,000. Finally, Tidal Investments LLC purchased a new position in Rush Street Interactive in the second quarter valued at approximately $1,323,000. 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: RSI reported third-quarter adjusted earnings of $0.15 per share, ahead of the $0.13 consensus estimate and up from $0.09 a year earlier. Revenue increased 39% year over year to $385.9 million, while net income rose 93% to $28.7 million and adjusted EBITDA climbed 73% to $62.2 million. Rush Street Interactive Announces Third Quarter 2026 Results and Reiterates Full Year Guidance
• Positive Sentiment: North American monthly active users reached a quarterly record, and online casino operations continued to provide the majority of revenue. These results support the company’s growth strategy and improving operating leverage. Rush Street Interactive: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: RSI reiterated full-year 2026 revenue guidance of $1.56 billion to $1.60 billion and most recently specified $1.60 billion, broadly in line with the $1.60 billion analyst consensus. The company also maintained its full-year adjusted EBITDA outlook. Rush Street Interactive Reiterates Earnings Guidance
• Negative Sentiment: Third-quarter revenue fell slightly short of analysts’ $388.1 million estimate despite rapid growth. Management also indicated that October trends were tracking toward the low end of the annual revenue range, raising concerns about near-term deceleration. Rush Street Interactive Reiterates Revenue Outlook
• Negative Sentiment: Several analysts cut their price targets following the results, including JPMorgan to $18 from $22, Wells Fargo to $26 from $36, and Oppenheimer to $25 from $36. Although most retained positive or neutral ratings, the widespread reductions signal lower valuation expectations and are weighing on RSI. Why Rush Street Interactive Stock Is Nosediving

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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