Rush Street Interactive: Buy Rating Reiterated as Strategic iGaming Position and Expansion Upside Support Unchanged $33 Price Target
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Needham analyst Bernie McTernan has reiterated a Buy rating for Rush Street Interactive (RSI) on April 29, maintaining a $33 price target. He cites the company's strong position in U.S. online gambling, low customer acquisition costs, and ongoing product enhancements as key factors. McTernan also notes potential growth from geographic expansion, particularly in Alberta, and improving performance in Latin America. Citizens JMP also supports a Buy rating with a $27 price target.
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