Street Calls of the Week
Investing.com - Benchmark has reiterated a Buy rating on Rush Street Interactive (NYSE:RSI) with a price target of $24.00, maintaining its positive outlook despite recent share price volatility. The company, with a market capitalization of $4.3 billion, has delivered impressive returns with a 66% gain over the past year and 33% year-to-date, according to InvestingPro data.
The stock has experienced a correction of more than 16% amid investor concerns about the expansion of federally regulated prediction markets such as Kalshi and Polymarket, according to Benchmark.
The research firm views this selloff as "entirely unwarranted," noting that Rush Street Interactive’s 80% exposure to iCasino and only approximately 1.8% share of the U.S. sports-betting market leaves it largely insulated from prediction-market competition.
Benchmark highlighted that while prediction markets are now federally permitted across all 50 states, they have achieved most of their traction in large unregulated markets such as Texas and California.
The firm also noted it has seen no evidence of share loss for licensed operators like Rush Street Interactive in regulated markets, and described the company as having "accelerating fundamentals and one of the cleanest growth and margin expansion stories in online gaming."
In other recent news, Rush Street Interactive has seen a positive shift in its stock price targets, with Benchmark raising its target to $24.00 from $20.00, citing strong momentum in user growth and monetization. Additionally, Needham increased its price target for Rush Street Interactive to $21.00 from $17.00, following the company’s second-quarter results that surpassed analyst estimates and its decision to raise full-year 2025 guidance. In leadership news, Rush Street Interactive appointed Shubham Tyagi as Chief Technology Officer, bringing over 20 years of experience to the role.
Meanwhile, Rogers Sugar declared a quarterly dividend of $0.09 per share, payable on October 15, 2025, to shareholders of record as of September 26, 2025. This dividend is classified as an eligible dividend for Canadian tax purposes. In other developments, JMP Securities reiterated its Market Outperform rating for PENN Entertainment, maintaining a price target of $25.00. These updates provide investors with recent insights into company performance and strategic changes.
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