Rush Street Interactive (RSI) is in focus after a beat and raise first quarter, with record revenue, higher profitability and rising monthly active users prompting management to lift full year 2026 guidance.

The strong first quarter and higher 2026 guidance have been reflected in the share price, with a 7 day share price return of 19.8% and 90 day share price return of 58.4%. Over the past year, total shareholder return is 143.2%, indicating strong momentum on both recent and longer term views.

If this kind of momentum has your attention, it can be useful to see what else is moving in related areas, starting with 25 cryptocurrency and blockchain stocks

With shares hitting new highs after record Q1 results and higher 2026 guidance, investors now face a key question: Is Rush Street Interactive still trading below its underlying value, or are markets already pricing in the next leg of growth?

Most Popular Narrative: 2.3% Undervalued

Rush Street Interactive's most followed narrative puts fair value at $29, slightly above the last close at $28.33, framing the recent rally as still modestly below that estimate.

The analysts have a consensus price target of $29.0 for Rush Street Interactive based on their expectations of its future earnings growth, profit margins and other risk factors.

However, there is a degree of disagreement amongst analysts, with the most bullish reporting a price target of $33.0, and the most bearish reporting a price target of just $25.0.

Analysts are not just nudging numbers. They are incorporating expectations for faster sales growth, higher margins, and a richer earnings multiple, all evaluated using an 8.3% discount rate. Investors may want to consider which of these factors carries the most weight in the $29 fair value estimate and how sensitive that assessment might be if any of them changes.

Result: Fair Value of $29 (UNDERVALUED)

However, this depends on Latin American growth avoiding tougher tax or regulatory changes, and on higher marketing spend not eroding the margin assumptions behind that fair value.

Another Angle on Valuation

The analyst narrative leans on earnings forecasts and a future P/E of 35.7x to support fair value at $29, but today Rush Street Interactive trades on a P/E of 79.4x versus 21.6x for the US Hospitality industry and 28.7x for peers, and above a fair ratio of 40.1x. That kind of premium can reflect optimism, but it also raises the question of how much good news is already in the price.

For a closer look at how this valuation gap could close over time, including whether pricing power or earnings growth might justify the premium, See what the numbers say about this price — find out in our valuation breakdown.

Next Steps

If this mix of strong recent returns and valuation questions leaves you undecided, it is worth reviewing the numbers yourself and weighing both sides of the story, starting with 3 key rewards and 1 important warning sign.

Looking for more investment ideas?

If Rush Street Interactive has sharpened your interest, do not stop here. Broaden your watchlist with fresh ideas that could suit different goals and risk levels.

• Target potential mispricings by checking companies that combine quality with attractive valuations through the 50 high quality undervalued stocks.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.