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Investing.com - Benchmark raised its price target on Rush Street Interactive (NYSE:RSI) to $24.00 from $20.00 on Monday, while maintaining a Buy rating on the online gaming company’s stock. The company, currently valued at $4.76 billion, has demonstrated remarkable momentum with a 133% return over the past year. According to InvestingPro data, three analysts have recently revised their earnings estimates upward for the upcoming period.
The research firm cited RSI’s strong start to the third quarter, with momentum building across both user growth and monetization. Monthly active user (MAU) growth accelerated through the second quarter, with each month stronger than the last.
Benchmark noted this strength carried into July, where the firm has already observed exceptional results in state-level data. Average revenue per monthly active user (ARPMAU) also reached record levels in Q2, demonstrating RSI is not only growing its player base but also driving greater value per user.
Marketing spend fell to less than 14% of revenue, the lowest ratio since the company went public, while still delivering record first-time depositors. This marketing efficiency highlights RSI’s ability to scale customers without significant incremental cost, creating meaningful operating leverage.
With record MAU growth, record ARPMAU, and disciplined marketing spend, Benchmark believes RSI is likely tracking ahead of consensus expectations for the third quarter.
In other recent news, Rush Street Interactive reported its Q2 2025 earnings, significantly surpassing market expectations. The company achieved earnings per share of $0.11, which was 83.33% higher than the forecasted $0.06. Revenue also exceeded projections, reaching $269 million compared to the anticipated $249.65 million. In response to these positive results, Needham raised its price target for Rush Street Interactive to $21 from $17, maintaining a Buy rating on the stock. Additionally, the company has appointed Shubham Tyagi as Chief Technology Officer, bringing over 20 years of experience in various sectors. Meanwhile, Rogers Sugar announced a quarterly dividend of $0.09 per share, payable on October 15, 2025. This dividend is classified as eligible for income tax purposes under Canadian regulations. These developments reflect ongoing strategic and financial activities within both companies.
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