RSI Stock Forecast & Price Target

Rush Street Interactive is viewed positively because its underlying fundamentals appear strong despite recent sector weakness tied to the post-NFL seasonal pattern. The company is still delivering more than 40% revenue growth, holds a debt-free balance sheet, and trades at 14x 2027E consensus EBITDA, well below the 22x target multiple, suggesting the share price has drifted away from operating performance. Support also comes from durable North American iCasino share gains, strong LatAm momentum, improving marketing efficiency, and continued margin expansion, with Delaware, New Jersey, and Michigan all showing accelerated BetRivers growth.

Rush Street Interactive is facing a tougher fundamental setup as iGaming growth slowed in August, with industry gross gaming revenue rising 11% versus 17% in July and 22% in June, while RSI’s reported-state gross gaming revenue still decelerated to 22% from 24% and 38%. Although the company has no debt and Latin America revenue grew 164% in 1H26, the stock has fallen 38% from its 52-week high amid sector-wide caution, and rising competitive intensity, customer acquisition costs, and dependence on market access agreements could pressure long-term profitability. Management also faces slower EBITDA growth expectations, with estimates of about +5% this year and a decline of roughly 3% next year, reflecting limited margin expansion, higher SG&A, and uncertainty around legalization and monetization.