BofA update shows where active managers are putting money
Rush Street Interactive Inc. (RSI) stock has reached a notable milestone, hitting a 52-week high at 18.55 USD. According to InvestingPro data, the company’s market capitalization now stands at $3.68 billion, with analysts setting price targets ranging from $14 to $21. This achievement underscores a significant upward trend for the company, which has experienced an impressive 60.44% increase in its stock price over the past year. The company’s performance reflects strong investor confidence and positive market sentiment, supported by robust revenue growth of 29.86% and an overall "GREAT" financial health score according to InvestingPro’s comprehensive analysis. As RSI continues to expand its footprint in the online gaming industry, this 52-week high is a testament to the company’s strategic growth initiatives and its ability to capitalize on emerging market opportunities. Get access to 16 additional exclusive ProTips and detailed valuation metrics with InvestingPro’s in-depth research report.
In other recent news, Rush Street Interactive reported strong second-quarter 2025 earnings, significantly outperforming market expectations. The company achieved earnings per share of $0.11, surpassing the forecasted $0.06 by 83.33%. Revenue also exceeded expectations, reaching $269 million compared to the anticipated $249.65 million. Following these results, Needham raised its price target for Rush Street Interactive from $17 to $21, maintaining a Buy rating on the stock. This decision was influenced by the company’s impressive earnings and the upward revision of its full-year 2025 guidance. These developments highlight the company’s strong performance and positive outlook.
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