Rush Street Interactive stock faces lower targets and Colombia tax risk
Published on 11/10/2026 at 02:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalysts Reassess RSI Outlook
- Analysts lowered several price targets after slower iGaming growth and softer third-quarter trends.
- A proposed 19 percent Colombian gambling-deposit tax could pressure adjusted EBITDA if enacted.
- Rush Street Interactive maintained a growth case through Latin America, but regulatory uncertainty raises execution risks.
Analysts cut their price targets for Rush Street Interactive after the company's third-quarter results pointed to slower iGaming growth and similar trends in October, according to Legal Sports Report. The November 2 report also highlighted a proposed change to Colombia's gambling tax regime, adding a regulatory risk to the BetRivers parent's outlook.
Lower Targets Reflect Slower Growth
Citizens analyst Jordan Bender lowered his price target to 24 US dollars from 34 US dollars while retaining a Market Outperform rating. The revised valuation applies a 15-times multiple to estimated 2027 enterprise value to adjusted EBITDA, compared with 22 times previously.
Stifel analyst Jeff Stantial cut his target to 28 US dollars from 30 US dollars and kept a Buy rating. Macquarie analyst Chad Beynon reduced his target to 26 US dollars from 33 US dollars while maintaining an Outperform view. Beynon expects growth to reaccelerate in 2028 if possible 2027 legislation opens additional online casino jurisdictions.
Colombia Tax Adds Regulatory Risk
Rush Street Interactive has been operating under a temporary 16 percent excise tax on gambling deposits in Colombia. A fiscal bill filed in late October would introduce a 19 percent tax, although the proposal remained subject to further legislative changes at the time of the report.
Analysts estimate that the higher rate could reduce adjusted EBITDA by 50 million to 65 million US dollars this year relative to the 16 percent regime. The potential impact would come on top of a market backdrop in which North American growth has moderated and competition in Michigan has intensified.
Business Model And Competitive Position
Rush Street Interactive operates online casino and sports betting businesses under the BetRivers brand, with exposure to the United States, Canada and Latin America. Its model is more concentrated in online casino than in online sports betting, while Latin America remains a key growth region. The company therefore combines a focused casino position with geographic expansion, but faces competition from larger online gambling operators including DraftKings, FanDuel and BetMGM.
Rush Street Interactive stock at a glance
- Company: Rush Street Interactive, Inc.
- ISIN: US7820111000
- Ticker: RSI
- Home exchange: Nasdaq
- Latest reported event: Analyst target cuts and proposed Colombian tax changes, November 2, 2026
US equities are tracked in the S&P 500 market environment.
