Macquarie analyst Chad Beynon maintains $Rush Street Interactive (RSI.US)$ with a buy rating.
According to TipRanks data, the analyst has a success rate of 57.2% and a total average return of 8.5% 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's recent quarterly performance exceeded expectations significantly, with Q3 EBITDA surpassing consensus estimates by a notable margin, leading to an increase in their 2024 revenue and EBITDA forecasts. The company is being recognized as a conservative investment avenue within the growing online market, attributed to its minor reliance on sports hold, a specialized iGaming audience in crucial markets, and an expanding international footprint across Canada and Latin America.
Rush Street Interactive has shown sustained momentum, with its adjusted EBITDA significantly surpassing expectations and its revenue outperforming forecasts by approximately 12%. Statements from management suggesting a further increase in profitability by FY25 position Rush Street as a highly favorable option within the digital gaming sector.
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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