Rush Street Interactive (RSI) PT Raised to $30 at Citizens on Gaming Margins

Citizens analyst Jordan Bender raised the price target on Rush Street Interactive (NYSE: RSI) to $30.00 (from $27.00) while maintaining a Market Outperform rating.

The analyst commented, "Overall, April was a positive month for gaming margins across the board, up >200 bps with Caesars (CZR, MO, $35 PT), Rush Street (RSI, MO, $30 PT), BetMGM (MGM, MP), and FanDuel (FLUT, MO, $165 PT) results exceeding their respective long-term averages by >180 bps. Recent Hard Rock and bet365 launches resulted in market share gains compared to the sector YoY, but FanDuel's exit rate in 2Q26 appeared encouraging (40% share) on the back of favorable gaming margins. Finally, Fanatics achieved 11% handle market share for the second consecutive month across the total U.S., while gaming revenue market share is ~10% across its operational markets, now comfortably the third-largest sports betting operator in the U.S."

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