
RSI Stock Forecast & Price Target
RSI Analyst Ratings
Bulls say
Rush Street Interactive Inc has demonstrated a robust performance, with gross gaming revenue from states with regulated online casinos reaching $877.6 million, marking a 28% year-over-year increase and a 5% sequential rise. The company has also seen exceptional customer growth in North America, achieving record new customer acquisition in each of the last two quarters, with significant gains in key states such as Michigan, Pennsylvania, and New Jersey. Furthermore, the expansion of its iCasino monthly active users in North America by over 30% year-over-year and a 40% increase in Latin America highlights the company's strong growth trajectory and potential for future revenue generation.
Bears say
Rush Street Interactive Inc. faces a negative outlook due to deteriorating market share trends that are worse than anticipated, which raises concerns about its competitive position within the online gaming sector. The company's reduced marketing expenditure, now below 14% of revenue, has led to estimated annualized headwinds of $25–30 million to Adjusted EBITDA, despite an influx of first-time depositors. Additionally, the introduction of a temporary 19% VAT on deposits in Colombia is projected to further strain the company's financials by imposing a similar $25–30 million EBITDA headwind in 2025, compounding the risks associated with potential underperformance 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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