Macquarie raised the firm’s price target on Rush Street Interactive (RSI) to $15 from $14 and keeps an Outperform rating on the shares. The company reported another “impressive” beat, with Q3 EBITDA coming in 146% above consensus estimates and the company raising its 2024 guidance for revenue and EBITDA, the analyst tells investors in a research note. The firm believes Rush Street is emerging as a low-risk way to play the expanding Online market given its lower relative exposure to sports hold, niche iGaming following in key markets, and increasingly diversified global presence in Canada and Latin America.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RSI:
- Rush Street Interactive premiers new online poker platform
- Rush Street Interactive price target raised to $17 from $14 at Craig-Hallum
- Rush Street Interactive price target raised to $16 from $15 at Jefferies
- Rush Street Interactive Reports Strong Q3 Results
- Closing Bell Movers: Microsoft, Meta both down about 3% despite earnings beats