Stifel Starts Rush Street Interactive (RSI) at Buy

Stifel analyst Jeffrey Stantial initiates coverage on Rush Street Interactive (NYSE: RSI) with a Buy rating and a price target of $34.00.

The analyst comments "We are initiating coverage of Rush Street Interactive (RSI) with a Buy rating and establishing a $34 target price. We see unique scarcity value for RSI as the only publicly-listed U.S. focused iCasino-led online gambling pure-play, with an expanding premium supported by stronger iCasino TAM growth & longer state expansion tail, better unit economics, more predictable/stable cash flows, and lower disruption risk from emerging prediction markets. Competition in U.S. iCasino has intensified and market share is structurally assailable, though we argue RSI have sufficiently proven strong iCasino operators with industry-leading MAU growth and marketing/promo efficiency widening further since early-2025. Valuation is the main pushback following T1Y outperformance, though RSI currently trades only narrowly above bellwether DKNG on FY28E EBITDA despite majority weighting to higher multiple iCasino and bifurcating estimate momentum. Hence, we take a positive long-term view on RSI and tactically recommend using the T2M pullback as a buying opportunity."

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 $23.30 yesterday.

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