Rush Street Interactive price target raised to $10 from $8 at Craig-Hallum

Craig-Hallum analyst Ryan Sigdahl raised the firm’s price target on Rush Street Interactive to $10 from $8 and keeps a Buy rating on the shares. The firm was expecting strong results, and was positively surprised by the magnitude of the beat/raise with strong underlying trends supporting it. Rush Street is executing well in the U.S. focusing on opportunities where it has structural advantages and is showing growth, cost discipline and meaningful profitability improvements, says Craig-Hallum.