RSI Stock Forecast & Price Target

Rush Street Interactive is benefiting from a durable iCasino-led growth engine, with 3Q26 revenue of $385.9 million and EBITDA of $62.2 million, up 39% and 73% year over year, respectively, while total MAUs rose 42% to 908,000. Its 2026 guidance of $1.56 billion to $1.60 billion in revenue and $245 million to $265 million in adjusted EBITDA signals confidence in continued execution, supported by strong customer acquisition, retention, and operating leverage. The outlook remains constructive because Latin America, especially Colombia and Mexico, offers a longer growth runway, iGaming represented 75% of 3Q26 revenue, and the debt-free balance sheet and rising free cash flow strengthen the company’s fundamental profile.

Rush Street Interactive is facing a weakening fundamental backdrop as share losses, tax increases in jurisdictions, slower iGaming rollout in the U.S., and prediction-market risk pressure the outlook. Revenue rose 39% in 3Q26, but it missed expectations by 1%, marking the first miss in four years, while North American MAUs slowed to 34% growth and management said revenue is tracking toward the lower end of its $1.560bn to $1.600bn range. The company also operates in a highly competitive market with reliance on market access agreements and third-party content, leaving it vulnerable to higher customer acquisition costs, slower legalization, and capital-light rivals with stronger balance sheets.