
RSI Stock Forecast & Price Target
RSI Analyst Ratings
Bulls say
Rush Street Interactive Inc. has demonstrated a strong financial performance with gross gaming revenue reaching $877.6 million, reflecting a year-over-year increase of 28% and a 5% sequential growth from June. The company's North American operations show remarkable resilience, with record-breaking new customer growth in the last two quarters and significant year-over-year growth rates in key states, including Michigan, Pennsylvania, and New Jersey. Additionally, the company is experiencing substantial user base expansion, with monthly active users for online casinos in North America increasing over 30% year-over-year and Latin America witnessing a 40% growth in the same metric.
Bears say
Rush Street Interactive Inc. faces a negative financial outlook due to subpar market share trends, which are worse than previously anticipated, indicating potential struggles in competitive positioning within the online gaming sector. The company's marketing expenditures have decreased to below 14% of revenue, representing the lowest ratio since its public offering, which could hinder customer acquisition despite achieving record first-time depositors. Additionally, the introduction of a temporary 19% VAT on deposits in Colombia presents a further $25–30 million annualized headwind to Adjusted EBITDA, compounding the challenges posed by a bear case scenario that includes subdued growth in the online sports betting and iGaming industries.
This aggregate rating is based on analysts' research of Rush Street Interactive and is not a guaranteed prediction by Public.com or investment advice.
RSI Analyst Forecast & Price Prediction
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