$RSI

Stifel reduced its price target for Rush Street Interactive (RSI) to $30 from $34, citing tax uncertainty in Colombia and a decelerating U.S. iCasino market. RSI's stock is near its 52-week low, trading at $15.90. Other analysts have mixed ratings and targets for RSI, ranging from $18 to $34. The company's valuation is currently below industry peers, with some analysts suggesting it may be undervalued.

Analysts made several calls on Friday. Roth initiated Natera and Guardant Health with buy ratings, targeting $475 and growth respectively. PhillipCapital upgraded SpaceX to buy with a $250 price target. Seaport reiterated Nvidia as sell due to competitive pressures. Barclays initiated Rush Street Interactive at overweight. Piper Sandler downgraded Deckers to underweight. Jefferies upgraded MSC Industrial to buy. Citizens initiated Microbot Medical at market outperform.

FanDuel, the largest US sportsbook, is owned by Flutter Entertainment, valued at $31B. DraftKings is a public company (DKNG) controlled by CEO Jason Robins. BetMGM is a joint venture between MGM Resorts (CZR) and Entain. Caesars Sportsbook is owned by Caesars Entertainment (CZR), while bet365 remains family-owned. Flutter cut FanDuel's 2026 EBITDA forecast to $760M.

Barclays initiated coverage on Rush Street Interactive (NYSE:RSI) with an overweight rating and $24 price target, citing strong revenue growth and market opportunities. The stock is near its 52-week low, with analysts noting potential upside. Recent Q2 results exceeded expectations, with mixed analyst ratings and price targets ranging from $22 to $36.

Inspired (INSE) reported slowest revenue growth in gaming sector, stock down 53.8% to $3.21. Rush Street Interactive (RSI) beat expectations with 46.3% revenue growth, stock down 41.4% to $18.02. PlayStudios (MYPS) revenue fell 7.3%, stock down 42.2% to $3.88. DraftKings (DKNG) revenue declined 4.6%, stock down 11% to $19.73. Churchill Downs (CHDN) revenue up 4.9%, stock down 7.4% to $81.95.

Wall Street analysts issued updates on multiple companies. Upgrades include Boyd Gaming (BYD) to Overweight, CoreWeave (CRWV) to Buy, Datadog (DDOG) to Outperform, and Intel (INTC) to Neutral. Downgrades include Ameriprise Financial (AMP) to Underperform, LCI Industries (LCII) to Hold, and PayPal (PYPL) to Underperform. New initiations include Azul (AZUL) with Neutral, Pinterest (PINS) with Buy, and others.

Morgan Stanley initiated coverage on Rush Street Interactive (RSI) with an Equalweight rating and $22 target. RSI trades at $18.52, with analysts seeing 88% upside. The company reported $1.37B TTM revenue, 34% growth, and 14% EBITDA margin. Morgan Stanley forecasts 25% revenue CAGR and 40% EBITDA CAGR through 2028. Other analysts raised targets to $34-$36, citing strong growth and market potential.

Susquehanna maintained a positive rating on Rush Street Interactive (RSI) but lowered its price target from $37.00 to $27.00. RSI is currently trading at $19.28, which is 7.7% over its GF Value™ of $17.90. The company has a GF Score™ of 74/100, indicating strong financial health and momentum, but faces challenges in profitability. Insider activity shows significant selling, with $14.8 million in sales over the last three months.

Rush Street Interactive (RSI) will release its Q3 2026 earnings on October 28, 2026, followed by a conference call. The company operates online gaming and sports betting platforms in the U.S., Canada, and Latin America, with a presence in 15 U.S. states and several international markets. RSI's brands include BetRivers, PlaySugarHouse, and RushBet.

Rush Street Interactive COO Mattias Stetz sold 20,000 shares for $397,498. The stock trades at $20.99, up 8% YTD. RSI reported Q2 revenue growth of 46%, exceeding expectations. Analysts raised price targets to $34-$36, citing growth potential and undervaluation.