RSI Stock Forecast & Price Target

Rush Street Interactive is supported by strong underlying fundamentals, with U.S. online casino penetration still only around 12% of the adult population and state-level data showing Q3:26 OC handle, GGR, and NGR growth of +9.5%, +16.3%, and +17.7%, while combined OC + OSB NGR growth reached +15.0%. The company also has meaningful international momentum, including Latin America revenue growth of 164% in 1H26 and over 80% monthly active user growth in June and July, which strengthens confidence that recent share weakness is disconnected from operating performance. With no debt, cash generation, and FY:26 guidance of $1,560–1,600 million in revenue and $245–265 million in adjusted EBITDA, the stock’s valuation looks attractive against continued growth and potential upside from future state legalization and Colombia tax relief.

Rush Street Interactive is pressured by a below-200-day moving average breakdown and a 7% drop on 9/18, signaling weak technical momentum that was compounded by the absence of company-specific catalysts. Fundamentally, its outlook is constrained by intense competition, higher customer acquisition and technology reinvestment costs, dependence on third-party content and market access agreements, and a market opportunity that still hinges on further legalization of online sports betting and iGaming. With only one major cash flow stream, limited liquidity versus larger peers, and expectations for EBITDA growth to slow to +5% this year, then decline about 3% next year before a projected +7% rebound in F28, the stock appears vulnerable near term.