Rush Street Interactive's Strong Q2 Earnings Signal Growth Potential, Says Analyst
Portfolio Pulse from Shivani Kumaresan
Rush Street Interactive Inc (RSI) reported a Q2 revenue growth of 15% to $165.1 million and adjusted net loss per share of $(0.04), both above Street view. Needham analyst Bernie McTernan reiterated a Buy rating on RSI with a price target of $6. The company's revenue in Colombia grew 30% Y/Y and 50% constant currency, and it is seeing a rapid ramp-up in Mexico. The analyst believes there are additional potential growth opportunities for the company in Latam.
August 04, 2023 | 2:11 pm
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Rush Street Interactive's Q2 earnings beat expectations, leading to a Buy rating from Needham analyst. The company's growth in Colombia and potential in Latam could drive future performance.
Rush Street Interactive's Q2 earnings beat expectations, which is a positive signal for investors. The company's growth in Colombia and potential in Latam could drive future performance. This is reflected in the Buy rating from Needham analyst, which could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100