Rush Street: Susquehanna Raises PT to $19 from $15, Maintains Positive Rating

Rush Street: Susquehanna Raises PT to $19 from $15, Maintains Positive Rating

Susquehanna Financial Group has revised its price target for Rush Street Interactive (RSI) to $19 from $15, while maintaining a positive rating on the stock. This move comes amidst growing optimism among analysts about the company's future prospects.

Rush Street Interactive, an online gaming and entertainment company, is expected to report its quarterly earnings on July 30, 2025. Analysts are anticipating an EPS of $0.05, with hopes for an earnings beat and positive guidance for the next quarter. The company's recent financial performance has been mixed, with EPS beating estimates in the last quarter but leading to a share price drop of 5.61% the following day [2].

Susquehanna's upgrade follows a series of positive analyst ratings and price target increases. Macquarie, Jefferies Financial Group, and Needham & Company have all raised their price targets in recent weeks, reflecting a growing consensus among analysts that RSI is undervalued. The company's revenue growth rate of approximately 20.69% in the last quarter also supports this view [2].

Institutional investors have shown significant interest in RSI, with several funds increasing their stakes in the company. Bryce Point Capital LLC, for instance, acquired 63,581 shares valued at approximately $724,000 during the first quarter of 2025 [3]. The company's market capitalization, however, remains below industry averages, indicating a smaller scale relative to peers [2].

RSI's stock has seen a 56.14% increase over the last 52 weeks, with shares trading at $15.27 as of July 28. The company's Return on Equity (ROE) of 6.65% and Return on Assets (ROA) of 1.39% are notable strengths, indicating effective utilization of equity and assets [2].

While the upgrade from Susquehanna provides a boost to investor sentiment, it is essential to consider the broader market conditions and the company's future prospects. Rush Street Interactive's earnings report on July 30 will provide more clarity on the company's performance and the potential impact on its stock price.

References:
[1] https://stockanalysis.com/stocks/rsi/forecast/
[2] https://www.benzinga.com/insights/earnings/25/07/46707147/rush-street-interactives-earnings-outlook
[3] https://www.marketbeat.com/instant-alerts/filing-bryce-point-capital-llc-takes-position-in-rush-street-interactive-inc-nysersi-2025-07-28/