The Latest Analyst Ratings For Rush Street Interactive
Rush Street Interactive (NYSE:RSI) has been analyzed by 11 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 5 | 2 | 0 | 0 |
| Last 30D | 0 | 0 | 0 | 0 | 0 |
| 1M Ago | 3 | 2 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 1 | 3 | 2 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $8.36, a high estimate of $10.00, and a low estimate of $6.00. This upward trend is evident, with the current average reflecting a 19.43% increase from the previous average price target of $7.00.
Interpreting Analyst Ratings: A Closer Look
An in-depth analysis of recent analyst actions unveils how financial experts perceive Rush Street Interactive. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Ryan Sigdahl | Craig-Hallum | Raises | Buy | $10.00 | $8.00 |
| Daniel Politzer | Wells Fargo | Raises | Overweight | $9.00 | $8.00 |
| Jed Kelly | Oppenheimer | Raises | Outperform | $10.00 | $9.00 |
| Bernie McTernan | Needham | Raises | Buy | $9.00 | $8.00 |
| Ryan Sigdahl | Craig-Hallum | Raises | Buy | $8.00 | $7.00 |
| Chad Beynon | Macquarie | Raises | Outperform | $8.00 | $6.00 |
| Ryan Sigdahl | Craig-Hallum | Raises | Hold | $7.00 | $6.00 |
| Jed Kelly | Oppenheimer | Raises | Outperform | $9.00 | $7.00 |
| Daniel Politzer | Wells Fargo | Raises | Overweight | $8.00 | $7.00 |
| Bernie McTernan | Needham | Raises | Buy | $8.00 | $6.00 |
| Joseph Stauff | Susquehanna | Raises | Neutral | $6.00 | $5.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Rush Street Interactive. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Rush Street Interactive compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for Rush Street Interactive's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
For valuable insights into Rush Street Interactive's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
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All You Need to Know About Rush Street Interactive
Rush Street Interactive Inc is an online gaming and entertainment company that focuses primarily on online casinos and online sports betting in the U.S. and Latin American markets. It provides customers with an array of gaming offerings such as real-money online casinos, online sports betting, and retail sports betting, as well as social gaming, which involves free-to-play games that use virtual credits that can be earned or purchased. The company generates revenue by offering online casinos, online sports betting, and social gaming directly to the end customer through its websites or apps. The company generates revenue through business-to-consumer (B2C) and business-to-business (B2B) models.
Unraveling the Financial Story of Rush Street Interactive
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Rush Street Interactive's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 33.92%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Net Margin: Rush Street Interactive's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -0.33%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Rush Street Interactive's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -1.27%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -0.22%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Rush Street Interactive's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.02.
Understanding the Relevance of Analyst Ratings
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.