Wells Fargo & Company Raises Rush Street Interactive (NYSE:RSI) Price Target to $36.00

Rush Street Interactive (NYSE:RSI) had its price target upped by research analysts at Wells Fargo & Company from $35.00 to $36.00 in a report released on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 33.78% from the stock’s previous close.

RSI has been the topic of a number of other reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Rush Street Interactive in a research report on Monday, July 6th. Wall Street Zen cut shares of Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. New Street Research set a $35.00 target price on shares of Rush Street Interactive in a report on Thursday, July 23rd. Jefferies Financial Group reaffirmed a “buy” rating and issued a $39.00 target price on shares of Rush Street Interactive in a research note on Thursday. Finally, JPMorgan Chase & Co. upped their price target on shares of Rush Street Interactive from $26.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.22.

Rush Street Interactive Trading Up 0.6%

RSI opened at $26.91 on Thursday. The company has a market cap of $6.26 billion, a P/E ratio of 92.79 and a beta of 1.56. The business’s 50-day moving average price is $29.87 and its 200-day moving average price is $24.32. Rush Street Interactive has a 12 month low of $15.51 and a 12 month high of $34.53.

Rush Street Interactive (NYSE:RSI) last released its earnings results on Wednesday, July 29th. The company reported $0.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.15. The company had revenue of $393.78 million during the quarter, compared to analyst estimates of $367.75 million. Rush Street Interactive had a return on equity of 18.88% and a net margin of 2.33%.Rush Street Interactive’s revenue for the quarter was up 46.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.11 EPS. Equities research analysts forecast that Rush Street Interactive will post 0.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Chairman Neil Bluhm sold 1,371,150 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $24.96, for a total transaction of $34,223,904.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Richard Todd Schwartz sold 710,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $24.96, for a total value of $17,721,600.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,708,993 shares of company stock worth $69,135,460 in the last quarter. 52.89% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Rush Street Interactive

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ameriprise Financial Inc. lifted its stake in Rush Street Interactive by 763.6% in the third quarter. Ameriprise Financial Inc. now owns 2,822,991 shares of the company’s stock worth $57,815,000 after acquiring an additional 2,496,109 shares during the period. Arrowstreet Capital Limited Partnership increased its position in Rush Street Interactive by 84.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,764,173 shares of the company’s stock valued at $60,121,000 after purchasing an additional 1,267,622 shares during the period. Cooper Creek Partners Management LLC purchased a new position in Rush Street Interactive during the 1st quarter valued at $24,874,000. Two Sigma Investments LP raised its holdings in Rush Street Interactive by 247.3% in the 3rd quarter. Two Sigma Investments LP now owns 1,329,550 shares of the company’s stock worth $27,229,000 after purchasing an additional 946,673 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Rush Street Interactive by 76.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,341,472 shares of the company’s stock worth $26,065,000 after purchasing an additional 580,568 shares in the last quarter. 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: Strong Q2 performance and higher guidance: RSI reported second-quarter revenue of approximately $393.8 million, up 46.3% year over year, while adjusted earnings of $0.15 per share matched estimates and improved from $0.11 a year earlier. Management projected 2026 revenue of $1.56 billion to $1.60 billion, supported by growth in online casino and the Alberta launch. Rush Street Interactive Announces Second Quarter 2026 Results and Raises Full Year Guidance
• Positive Sentiment: Casino-first strategy is gaining traction: Coverage highlights record revenue and adjusted EBITDA growth as the company relies more heavily on its online casino business, which has helped offset slower sportsbook momentum. Rush Street’s Casino-First Strategy Pays Off as Sportsbooks Slow
• Positive Sentiment: Analysts raised targets: Wells Fargo increased its target from $35 to $36 and maintained an “overweight” rating, while Citizens JMP raised its target from $33 to $34 and kept a “market outperform” rating. These targets imply substantial upside and reinforce improving confidence in RSI’s growth outlook. Analyst Price Target Updates
• Positive Sentiment: Additional market opportunity: A CFTC filing reportedly keeps RSI’s options open to participate in prediction markets, potentially creating a new growth avenue if regulations permit. Rush Street Keeps Prediction Market Options Open With CFTC Filing
• Neutral Sentiment: Broader commentary views gambling companies as attractive for resilient demand and pricing power, but also flags regulatory, litigation and ESG risks. RSI’s elevated valuation and sportsbook slowdown remain considerations for investors. Sin Stocks: Why Investors Continue to Bet on Controversial Companies

Rush Street Interactive Company Profile

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.