Stifel Boosts Rush Street Interactive Stock

Reviewer Paul Jacobs
Reviewed By Paul Jacobs Casino Expert

Wall Street just gave Rush Street Interactive stock a strong vote of confidence. Stifel began tracking the company on September 21, 2026, and rated the shares a Buy. Its $34 target suggests plenty of room to climb.

The call followed a rough month, with shares down about 15%. At CasinoUS, we explain what the rating means and why it matters for real money players. Nothing here is investment advice.

Rush Street Interactive Stock
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What Stifel Said About Rush Street Interactive Stock

Jeffrey Stantial, who wrote the Stifel report, builds his case on one idea: scarcity. He calls RSI the only listed, US-focused gambling company that leads with online casino instead of sports betting. Analysts call that a pure-play, meaning one stock tracks one core business.

Because few rivals fit that profile, Stifel argues the shares deserve a premium. A price target is an analyst’s estimate of where a stock could trade, usually within 12 months. Stifel’s $34 figure sat about 51% above the $22.52 opening price on September 22. As a result, shares climbed about 4.8% in pre-market trading that morning.

How Wall Street Rates Rush Street Interactive Stock

Other major brokerages back RSI too.

Firm Rating Price Target Date
Stifel Buy (new coverage) $34 Sept 21, 2026
Citizens JMP Market Outperform $34 Sept 22, 2026
Jefferies Buy $39 July 30, 2026
Wells Fargo Overweight $36 July 30, 2026
Oppenheimer Outperform $36 July 24, 2026

Overall, MarketBeat’s consensus rating is Moderate Buy, with an average target of $35.10. Citizens also noted RSI trades at 14x its expected 2027 EBITDA. EBITDA is a rough measure of operating profit before interest, taxes, and accounting charges.

The Numbers Behind the Buy Rating

Five figures shape most of the bullish case for Rush Street Interactive stock.

Metric Figure
Q2 2026 revenue $393.78 million, up 46.3% year over year
Cash at end of Q2 Nearly $340 million
Total debt About $5.5 million
Adjusted EBITDA beats 17 of 18 quarters since going public
Market value (Sept 23, 2026) About $4.9 billion

In plain terms, RSI earns money, holds cash, and carries almost no debt. As a result, it can fund marketing and new state launches without borrowing. Stifel also credits Richard Schwartz, the chief executive with over 50 gaming patents.

What This Means for US Casino Players

Beyond Rush Street Interactive stock itself, the report maps where online casinos could go legal next. According to Stifel, only about 12% of Americans can play legal online casino games today. Seven states offer it now, while the Maine online casino market still awaits launch.

Notably, Stifel expects state budget gaps to push more lawmakers toward legalization. For example, lawmakers filed 16 online casino bills in 2026, up from three in 2023. Indiana, Ohio, and Virginia stand out as possible 2027 movers.

Until those bills pass, US gambling laws keep real money online casino play limited to a handful of states. The company runs BetRivers in the US and Canada, plus Mexico, Peru, and Colombia.

Stifel also praises RSI’s personal retention offers, like jackpot prizes and bonus spins built into games. However, these perks work much like free spin bonuses, so the fine print still matters. Wagering requirements set how much players must bet before they can withdraw bonus winnings.

The Risks Facing Rush Street Interactive Stock

A Buy rating is an opinion, not a promise. Stifel admits competition in US online casino keeps rising and market share can shift.

Valuation adds pressure too. Shares now carry a price-to-earnings ratio near 73, meaning investors pay $73 for every $1 of yearly profit. Additionally, insiders sold about 614,000 shares last quarter, though through pre-set trading plans.

Finally, the growth of prediction markets raises fresh questions for gambling stocks. That said, Stifel sees less disruption for an online casino-first operator than for sportsbooks.

Final Take

Stifel’s call puts Rush Street Interactive stock back in the spotlight as a rare online casino pure-play. For you as a player, the bigger story is state expansion, since new laws decide where you can play.

Until then, stick with licensed real money online casinos in your state. Also, set a budget before you play and use responsible gambling tools if you need them. You must be 21+ to gamble; call 1-800-GAMBLER for free, confidential help.

Alex Harper

Alex Harper

Alex Harper is part of our editorial team, contributing casino guides, news, and reviews.

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