Rush Street Interactive price target raised to $16 from $15 at Jefferies

Jefferies raised the firm’s price target on Rush Street Interactive (RSI) to $16 from $15 and keeps a Buy rating on the shares. The company demonstrated continued momentum as adjusted EBITDA was more than double expectations and revenue exceeded the Street’s forecast by about 12%, the analyst tells investors. Management comments that imply continued acceleration in profitability in FY25 positions Rush Street “among our top picks in our most favored digital gaming group at present,” the analyst added.