Rush Street Interactive A

At the Oppenheimer conference, Rush Street Interactive highlighted its 'casino‑first' strategy as a driver of accelerated growth, reporting North America iGaming user growth of 64% and Latin America user growth of 62%. The company points to roughly $350 million in cash, no debt and a $100 million share buyback program, and expects further upside from US legalizations and expansion in Latin America. Management cites product innovations and brand positioning for market share gains, but warns of risks such as tax changes in Colombia, intense competition and uncertainties in forecast markets. » Więcej na de.investing.com

The stock of Rush Street Interactive rose to a record high of $33.83, signaling strong investor demand; market capitalization is $7.77 billion. Year-to-date the stock is up 72%, over one year up 124%, and six months +78%. InvestingPro assesses the stock as undervalued based on a fair-value analysis, and the company reports revenue growth of 28%. Rush Street also completed a secondary placement of $260 million (10 million shares at $26), and Citizens raised its price target to $33 with a "Market Outperform" rating. » Więcej na de.investing.com

The share price of Rush Street Interactive closed at $29.32, marking a new all-time high and a market capitalization of around $6.73 billion. The stock has risen 108.54% over the past year, and according to InvestingPro is still considered undervalued; the Financial Health Score is 3.56 out of 5. The company also completed a secondary placement of $260 million, in which 10 million Class A shares were sold by executive trusts. » Więcej na de.investing.com