Wall Street Analysts Think Rush Street Interactive (RSI) Could Surge 28.49%: Read This Before Placing a Bet

Core Viewpoint - Rush Street Interactive, Inc. (RSI) shows potential for significant upside, with a mean price target of $23 indicating a 28.5% increase from its current price of $17.9 [1] Price Targets and Analyst Estimates - The mean estimate consists of eight short-term price targets with a standard deviation of $2.56, indicating variability among analysts [2] - The lowest estimate is $18.00, suggesting a 0.6% increase, while the highest estimate is $27.00, indicating a potential surge of 50.8% [2] - Analysts' price targets can be misleading, as they often set overly optimistic targets influenced by business relationships [7][8] Earnings Estimates and Analyst Agreement - Strong agreement among analysts regarding RSI's earnings prospects supports the expectation of an upside [4][11] - Over the last 30 days, the Zacks Consensus Estimate for the current year has increased by 23.9%, with two estimates moving higher and no negative revisions [12] - RSI holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] Conclusion on Price Movement - While consensus price targets may not reliably indicate the extent of potential gains, they can provide a directional guide for price movement [14]