RSI
Rush Street Interactive Inc
NYSE: RSI · CONSUMER CYCLICAL · GAMBLING
$29.60
+0.99% today
Updated 2026-06-12
Market cap
$6.85B
P/E ratio
87.06
P/S ratio
5.52x
EPS (TTM)
$0.34
Dividend yield
—
52W range
$13 – $30
Volume
1.9M
Rush Street Interactive Inc (RSI) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed RSI price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$29.60
Today
Analyst consensus
$29.25
-1.18% · 12M
2030 Base
$30.01
+1.39% future
NPV today
$16.67
@ 14% WACC
13 analysts:
10 Buy3 Hold0 Sell
Management guidance
RSI management has not disclosed explicit long-term revenue targets through 2030 in public guidance. However, Q1 2026 results showed $370M revenue (41% YoY growth) with full-year 2026 guidance of $1.54B (36% growth). Management emphasized accelerating online casino momentum, iGaming market expansion, and sportsbook scale as growth drivers through the remainder of the decade.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
RSI · Rush Street Interactive Inc · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$30.01
NPV today: $16.67
Base case (2030)
$30.01
NPV today: $16.67
Bull case (2030)
$63.49
NPV today: $35.27
WallStSmart.com
RSI financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $1.1B | $1.5B | $2.0B | $2.5B | $3.0B | $3.5B |
| Revenue growth | 22.8% | 36.3% | 28.6% | 25.3% | 20.2% | 17.8% |
| Net margin | — | 3.9% | 4.3% | 4.7% | 5.0% | 5.3% |
| EPS | $0.37 | $0.58 | $0.82 | $1.11 | $1.42 | $1.76 |
| Diluted shares | — | 103M | 104M | 104M | 105M | 105M |
| Net debt | — | $46.89M | $104.37M | $176.36M | $262.87M | $364.77M |
| P/S multiple | — | 1.0x | 1.0x | 1.0x | 1.0x | 1.0x |
| Implied price (base) | — | $14.44 | $18.07 | $22.11 | $26.00 | $30.01 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $3.5B | $3.5B | $3.5B |
| P/S multiple | 1.0x | 1.0x | 2.0x |
| Diluted shares | 105M | 105M | 105M |
| Net debt | $364.77M | $364.77M | $364.77M |
| Implied P/E † | 17x | 17x | 36x |
| 2030 Price | $30.01 | $30.01 | $63.49 |
| NPV @ 14% | $16.67 | $16.67 | $35.27 |
† Implied P/E: Multiples remain elevated across all three scenarios because RSI is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $30.01 base case
RSI catalysts and risks
Growth catalysts
+ Online casino TAM expansion: iGaming legalization in new U.S. states (NY, CA pending) could add $500M+ incremental TAM by 2028
+ Market consolidation: RSI is #2-3 player in U.S. online casino/sportsbook; M&A upside if industry consolidates around category leaders
+ Operating leverage: EBITDA margin expansion from 15-20% (2026) to 22-28% (2030) as platform scales and marketing efficiency improves
+ Geographic expansion: Entry into Canada, Europe, or Latin America markets if regulatory path opens; addressable TAM +$2B+ annually
Key risks
- Regulatory headwinds: Federal restrictions on online gambling, state-level tax increases (effective tax rates already 15-20%), or playtech license revocation
- Competitive intensity: DraftKings (DKNG), FanDuel, and Flutter (FLUT) have stronger brand recognition and deeper pockets for customer acquisition; CAC inflation could compress margins
- Consumer spending sensitivity: Gaming is cyclical discretionary; economic downturn would reduce player deposits and lifetime value by 20-40%
- Insider selling pressure: CEO, COO, Chairman sold ~$287M in stock (May 2026) after 140%+ run; signals potential valuation overheating
- Profitability dilution: Despite 35% revenue growth, net margins only 3.0%; path to 8-10% margins by 2030 is uncertain and execution-dependent
Methodology · Rush Street Interactive Inc 2030 stock forecast model
Rush Street Interactive Inc 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 13 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (2% cumulative for RSI by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($364.77M by 2030) |
| 3. Time value | NPV calculated using 14% WACC (CAPM: beta 1.653) |
| 4. Multiple framework | P/S compresses with scale: bear 1.0x / base 1.0x / bull 2.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 21, 2026.
RSI price target FAQ
What is the RSI price target for 2030?
WallStSmart's Rush Street Interactive Inc 2030 base case is $30.01 per share, with a bull case of $63.49 and bear case of $30.01. The NPV of the base case discounted to today at 14% WACC is $16.67.
How is the Rush Street Interactive Inc 2030 stock forecast calculated?
The RSI 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the RSI price target account for dilution?
Rush Street Interactive Inc is projected to grow diluted share count from 103M to 105M by 2030 (a 2% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 2%.
What is the analyst consensus on RSI stock?
13 analysts cover RSI with an average 12-month price target of $29.25. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.