Oppenheimer raised the firm’s price target on Rush Street Interactive to $9 from $7 and keeps an Outperform rating on the shares after initial 2024 revenue/EBITDA guidance 5%/$2M that came in above Street on double-digit iGaming growth, higher CAC efficiencies, and scaling LATAM. The firm is most encouraged by Rush Street’s stable market share during a heavy promotional cycle, implying strong loyalty among core users.
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