Rush Street Interactive Surpasses Analyst’s Average Price Target
Shares of Rush Street Interactive Inc (Symbol: RSI) have recently traded at $15.48, exceeding the average analyst 12-month target price of $15.00. When a stock hits or surpasses its target, analysts will typically respond in one of two ways: they may downgrade the stock based on valuation or raise their target price. The response often hinges on the company’s recent performance and market conditions, prompting investors to assess whether the stock is on a path to higher gains or if its valuation is becoming excessive.
Analyst Target Breakdown
Within the Zacks coverage universe, seven analysts have contributed to the average target price for Rush Street Interactive Inc. While the average stands at $15.00, there are differing perspectives among analysts. One analyst has set a target as low as $12.00, while another holds a bullish stance with a target of $17.00. This diversity in opinions results in a standard deviation of $2.081, indicating variability in expectations.
Evaluating Investment Decisions
The purpose of examining the average target price is to harness the collective judgment of multiple analysts rather than relying on a single viewpoint. With RSI trading above the average target, current investors are prompted to reconsider their investment. They need to decide whether $15.00 is just a milestone toward greater heights or if it signals a time to reduce their holdings.
| Recent RSI Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 6 | 6 | 6 | 6 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 2 | 2 | 2 | 2 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.56 | 1.56 | 1.56 | 1.56 |
The average rating scale ranges from 1 to 5, where 1 indicates a Strong Buy and 5 shows a Strong Sell. This report includes data from Zacks Investment Research via Quandl.com.
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• INAB shares outstanding history
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
