Asahi shares mark weekly slide after cyberattack halts production
Rush Street Interactive Inc. (RSI) stock reached a significant milestone, hitting a 52-week high at 22.56 USD. This achievement marks a remarkable period for the company, as its stock has experienced a substantial 1-year change, increasing by 115.31%. With a market capitalization of $5.1 billion and a robust financial health score rated as "GREAT" by InvestingPro, RSI has demonstrated strong momentum. The surge in stock price reflects positive investor sentiment and confidence in the company’s performance and future prospects. Three analysts have recently revised their earnings estimates upward, with revenue expected to grow 18% in FY2025. As RSI continues to navigate the competitive landscape of the online gaming industry, this new high underscores its growth trajectory and market position. According to InvestingPro’s Fair Value analysis, the stock appears fairly valued, with 15 additional ProTips available for subscribers.
In other recent news, Rush Street Interactive has seen significant developments. Benchmark has raised its price target for the company to $24.00, citing a strong start to the third quarter with increasing momentum in user growth and monetization. Needham also increased its price target to $21.00 following Rush Street Interactive’s second-quarter results, which surpassed analyst expectations, and the company’s upward revision of its full-year 2025 guidance. Additionally, Rush Street Interactive appointed Shubham Tyagi as Chief Technology Officer, bringing over 20 years of experience to the role.
Meanwhile, PENN Entertainment continues to receive attention from analysts. JMP Securities reiterated its Market Outperform rating for PENN Entertainment with a price target of $25.00. This analysis involved comparing betting odds across NFL games, highlighting the firm’s detailed market tracking efforts. In other company news, Rogers Sugar declared a quarterly dividend of $0.09 per share, payable to shareholders in mid-October. The dividend is noted as an eligible dividend for Canadian tax purposes.
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