Rush Street Interactive (NYSE:RSI) Upgraded by Wall Street Zen to Strong-Buy Rating

Key Points

• Wall Street Zen upgraded Rush Street Interactive (RSI) from "buy" to "strong-buy", joining other firms that raised price targets and contributing to a consensus target of about $28.63.
• RSI posted strong Q1 results—EPS $0.14 vs. $0.12 estimate and revenue $370.36M (up 41.1% YoY)—and management raised 2026 revenue/adjusted EBITDA guidance to a $1.49B–$1.54B revenue range while expanding into new markets.
• Multiple insiders sold shares recently under pre‑arranged Rule 10b5‑1 plans, lowering ownership but still leaving insiders with roughly 56.94% of the stock.

Rush Street Interactive (NYSE:RSI - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued on Saturday.

Several other equities analysts have also issued reports on the stock. Oppenheimer lifted their target price on shares of Rush Street Interactive from $25.00 to $30.00 and gave the company an "outperform" rating in a report on Wednesday. Citigroup reiterated an "outperform" rating on shares of Rush Street Interactive in a report on Wednesday. Citizens Jmp lifted their target price on shares of Rush Street Interactive from $24.00 to $25.00 and gave the company a "market outperform" rating in a report on Wednesday, April 8th. Jefferies Financial Group boosted their price objective on shares of Rush Street Interactive from $30.00 to $32.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Susquehanna boosted their price objective on shares of Rush Street Interactive from $25.00 to $29.00 and gave the stock a "positive" rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $28.63.

Rush Street Interactive Stock Performance

RSI stock opened at $28.35 on Friday. The firm has a 50 day moving average price of $21.67 and a 200-day moving average price of $19.46. Rush Street Interactive has a 52-week low of $11.23 and a 52-week high of $29.00. The firm has a market capitalization of $6.59 billion, a price-to-earnings ratio of 91.44 and a beta of 1.65.

Rush Street Interactive (NYSE:RSI - Get Free Report) last released its earnings results on Tuesday, April 28th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. Rush Street Interactive had a net margin of 2.98% and a return on equity of 17.21%. The firm had revenue of $370.36 million during the quarter, compared to analyst estimates of $330.83 million. During the same period last year, the business earned $0.09 earnings per share. The business's revenue was up 41.1% on a year-over-year basis. As a group, sell-side analysts forecast that Rush Street Interactive will post 0.43 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Judith Gold sold 50,000 shares of the business's stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $27.58, for a total value of $1,379,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Richard Todd Schwartz sold 247,114 shares of the business's stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $17.61, for a total transaction of $4,351,677.54. Following the completion of the transaction, the chief executive officer owned 949,048 shares of the company's stock, valued at approximately $16,712,735.28. The trade was a 20.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,582,923 shares of company stock valued at $33,513,383 in the last quarter. Insiders own 56.94% of the company's stock.

Hedge Funds Weigh In On Rush Street Interactive

A number of hedge funds have recently added to or reduced their stakes in the company. Concord Wealth Partners purchased a new stake in Rush Street Interactive during the 3rd quarter valued at $41,000. Kemnay Advisory Services Inc. purchased a new stake in Rush Street Interactive during the 4th quarter valued at $47,000. Empowered Funds LLC purchased a new stake in Rush Street Interactive during the 4th quarter valued at $55,000. Osaic Holdings Inc. raised its stake in Rush Street Interactive by 62.2% during the 2nd quarter. Osaic Holdings Inc. now owns 4,872 shares of the company's stock valued at $73,000 after buying an additional 1,868 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in Rush Street Interactive during the 2nd quarter valued at $90,000. 24.78% of the stock is currently owned by hedge funds and other institutional investors.

More Rush Street Interactive News

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

• Positive Sentiment: Q1 beat and operating momentum — RSI reported $0.14 EPS (vs. $0.12 est.) and revenue of ~$370M (well above consensus), with record net income and adjusted EBITDA cited on the call; the results underpin the recent rally. Rush Street rallies to an all-time high after strong earnings
• Positive Sentiment: Raise to full‑year outlook — management raised 2026 revenue and adjusted EBITDA guidance and provided a $1.49B–$1.54B revenue range for 2026 while flagging product/market expansion (Alberta launch), giving clearer growth visibility. Rush Street Interactive forecasts 2026 revenue
• Positive Sentiment: Analyst response and investor confidence — sell‑side firms raised price targets and issued upgrades after the quarter, supporting momentum and helping drive higher forward expectations. Earnings call highlights & analyst reaction
• Neutral Sentiment: Insider sales under 10b5‑1 plans — multiple insiders (COO Mattias Stetz, Director Judith Gold, and Paul Wierbicki) sold blocks April 27–29; filings show the trades were executed via pre‑arranged plans, which reduces the informational signal but does lower insider ownership. Paul Wierbicki sells 45,000 shares Mattias Stetz sells 50,000 shares
• Neutral Sentiment: New regulatory risk disclosure flagged — a TipRanks note highlights an added Regulation‑category risk; investors should read the disclosure but it appears to be a filing/clarification rather than new operational news. Risk disclosure note

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.

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