Needham Thinks Rush Street Interactive’s Stock is Going to Recover

Needham analyst Bernie McTernan reiterated a Buy rating on Rush Street Interactive (RSIResearch Report) today and set a price target of $17.00. The company’s shares closed last Thursday at $9.80, close to its 52-week low of $9.47.

According to TipRanks.com, McTernan is ranked 0 out of 5 stars with an average return of -9.1% and a 35.4% success rate. McTernan covers the Technology sector, focusing on stocks such as Genius Sports Limited, Zillow Group Class C, and Fiverr International.

Rush Street Interactive has an analyst consensus of Moderate Buy, with a price target consensus of $18.50.

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The company has a one-year high of $26.55 and a one-year low of $9.47. Currently, Rush Street Interactive has an average volume of 1.22M.

Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RSI in relation to earlier this year.

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dMY Technology Group Inc is a blank check company.

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