Benchmark Reiterates Buy Rating on Rush Street Interactive (RSI) on Attractive Valuation

Benchmark analyst Mike Hickey reiterated a Buy rating and $24.00 price target on Rush Street Interactive (NYSE: RSI).

The analyst commented, "We are more optimistic on RSI’s forward growth opportunity following an improved Colombia tax framework, which we estimate reduced 2025 revenue by ~$70M and AEBITDA by ~$25–30M, with the revised VAT-on-revenue scheme now offering potential upside to our 2026 estimates. Incrementally, RSI retains multiple growth catalysts through new market expansion opportunities, including Alberta, Maine, and LatAm, as well as the 2026 FIFA World Cup, while its iCasino-heavy mix supports structurally higher margins and operating leverage. We continue to view valuation as attractive given improving earnings visibility, strong 4Q momentum, and a cash-rich, debt-free balance sheet."

For an analyst ratings summary and ratings history on Rush Street Interactive click here. For more ratings news on Rush Street Interactive click here.

Shares of Rush Street Interactive closed at $18.77 yesterday.

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