Craig-Hallum analyst Ryan Sigdahl maintains $Rush Street Interactive (RSI.US)$ with a buy rating, and sets the target price at $17.
According to TipRanks data, the analyst has a success rate of 54.0% and a total average return of 15.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Rush Street Interactive (RSI.US)$'s main analysts recently are as follows:
Rush Street Interactive recently reported another notable earnings success, with Q3 EBITDA significantly surpassing consensus estimates, prompting the company to increase its 2024 revenue and EBITDA projections. According to an analyst, Rush Street is becoming recognized as a cautious approach to participating in the burgeoning online market, owing to its limited relative dependence on sports hold, a specialized iGaming audience in essential markets, and a growing international footprint in regions such as Canada and Latin America.
Rush Street Interactive showcased continued momentum, with adjusted EBITDA surpassing expectations significantly and revenues outperforming forecasts by approximately 12%. Management's remarks suggest a continued increase in profitability into FY25, positioning Rush Street Interactive favorably within the highly regarded digital gaming group.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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