Macquarie analyst Chad Beynon has maintained both the "Outperform" rating and the price target for Rush Street Interactive (RSI, Financial) at $16. This decision reflects the analyst's continued confidence in the company's market position and potential growth. The price target has remained consistent, with no changes from the prior target.
The confirmation of the "Outperform" rating for RSI indicates Macquarie's optimistic outlook on the company's performance and its ability to exceed market expectations. This rating suggests that RSI is expected to perform better than the wider market or its industry sector in the foreseeable future.
The reported price target of $16, as stated by Chad Beynon from Macquarie, shows no deviation from the prior estimate, indicating stability in the analyst’s valuation of RSI. The stability in this valuation is a crucial indicator of confidence in RSI's business strategy and financial health.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 8 analysts, the average target price for Rush Street Interactive Inc (RSI, Financial) is $15.50 with a high estimate of $17.00 and a low estimate of $12.00. The average target implies an upside of 30.58% from the current price of $11.87. More detailed estimate data can be found on the Rush Street Interactive Inc (RSI) Forecast page.
Based on the consensus recommendation from 9 brokerage firms, Rush Street Interactive Inc's (RSI, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Rush Street Interactive Inc (RSI, Financial) in one year is $7.15, suggesting a downside of 39.76% from the current price of $11.87. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Rush Street Interactive Inc (RSI) Summary page.
