Wells Fargo & Company Issues Pessimistic Forecast for Rush Street Interactive (NYSE:RSI) Stock Price

Rush Street Interactive (NYSE:RSI) had its price objective reduced by Wells Fargo & Company from $36.00 to $26.00 in a report released on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 74.72% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Needham & Company LLC reduced their target price on Rush Street Interactive from $36.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday. Susquehanna dropped their price target on shares of Rush Street Interactive from $37.00 to $27.00 and set a “positive” rating for the company in a research note on Friday, October 9th. Benchmark boosted their price objective on Rush Street Interactive from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Barclays began coverage on shares of Rush Street Interactive in a report on Friday, October 23rd. They issued an “overweight” rating and a $24.00 price objective on the stock. Finally, New Street Research set a $35.00 target price on shares of Rush Street Interactive in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Rush Street Interactive currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.67.

Rush Street Interactive Price Performance

NYSE:RSI opened at $14.88 on Thursday. The company’s 50-day moving average is $22.03 and its two-hundred day moving average is $23.80. Rush Street Interactive has a 1-year low of $13.57 and a 1-year high of $34.53. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 51.37 and a beta of 1.71.

Rush Street Interactive (NYSE:RSI) last released its quarterly earnings results on Wednesday, October 28th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.13 by $0.02. Rush Street Interactive had a net margin of 2.33% and a return on equity of 18.88%. The firm had revenue of $385.85 million for the quarter, compared to analyst estimates of $388.05 million. During the same quarter in the previous year, the company earned $0.09 EPS. The business’s revenue for the quarter was up 38.8% compared to the same quarter last year. As a group, equities analysts anticipate that Rush Street Interactive will post 0.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Rush Street Interactive news, CFO Kyle Sauers sold 23,000 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $26.56, for a total transaction of $610,880.00. Following the completion of the sale, the chief financial officer directly owned 606,526 shares of the company’s stock, valued at approximately $16,109,330.56. This trade represents a 3.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Mattias Stetz sold 20,000 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $25.68, for a total value of $513,600.00. Following the sale, the chief operating officer directly owned 157,874 shares of the company’s stock, valued at approximately $4,054,204.32. This represents a 11.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 603,998 shares of company stock worth $14,814,268 in the last quarter. 52.89% of the stock is owned by insiders.

Hedge Funds Weigh In On Rush Street Interactive

Several institutional investors and hedge funds have recently added to or reduced their stakes in RSI. BlackRock Inc. purchased a new stake in shares of Rush Street Interactive during the second quarter worth about $448,435,000. Arrowstreet Capital Limited Partnership grew its stake in Rush Street Interactive by 84.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,764,173 shares of the company’s stock valued at $60,121,000 after acquiring an additional 1,267,622 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Rush Street Interactive by 15.9% in the first quarter. Renaissance Technologies LLC now owns 2,285,000 shares of the company’s stock valued at $49,699,000 after buying an additional 312,700 shares during the period. William Blair Investment Management LLC acquired a new stake in shares of Rush Street Interactive during the 2nd quarter worth $48,647,000. Finally, Bank of America Corp DE bought a new stake in shares of Rush Street Interactive during the 2nd quarter valued at about $34,015,000. Institutional investors and hedge funds own 24.78% of the company’s stock.

Key Stories Impacting Rush Street Interactive

Here are the key news stories impacting Rush Street Interactive this week:

• Positive Sentiment: RSI reported third-quarter earnings of $0.15 per share, exceeding the $0.13 consensus estimate and improving from $0.09 a year earlier. Net income rose 93% to $28.7 million, while adjusted EBITDA increased 73% to $62.2 million. Rush Street Interactive Announces Third Quarter 2026 Results and Reiterates Full Year Guidance
• Positive Sentiment: Quarterly revenue climbed 39% year over year to $385.9 million, and the company reported record North American monthly active users. Online casino operations generated approximately 75% of total revenue, highlighting RSI’s higher-margin casino exposure. Rush Street Interactive: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Needham maintained a “buy” rating and Oppenheimer retained an “outperform” rating. Each firm set a $25 target, implying substantial potential upside from recent levels despite cutting its target from $36. Oppenheimer recommendations
• Neutral Sentiment: RSI reiterated its 2026 revenue outlook of $1.56 billion to $1.60 billion and maintained its full-year adjusted EBITDA guidance, preserving management’s broader forecast.
• Negative Sentiment: Revenue of $385.9 million fell short of the approximately $388.1 million analyst consensus. Management also said October trends point toward the low end of its annual revenue range, raising concerns about near-term growth momentum. Rush Street Interactive reiterates 2026 revenue outlook
• Negative Sentiment: The cuts in analyst price targets indicate that expectations have been reset after the earnings report, even though both analysts continue to recommend buying the stock.

Rush Street Interactive Company Profile

Rush Street Interactive, Inc is an online gaming and sports betting company that operates regulated internet casino and sportsbook platforms. Its primary consumer brands include BetRivers, PlaySugarHouse and RushBet, offering online casino games, sports wagering and related digital gaming products through websites and mobile applications.

The company serves customers in regulated markets across the United States and Latin America, with operations also extending to select international jurisdictions.