Rush Street Interactive, Inc. logo RSI - Rush Street Interactive, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 10
HOLD 3
SELL 0
STRONG
SELL
0
| PRICE TARGET: $32.57 DETAILS
HIGH: $36.00
LOW: $28.00
MEDIAN: $33.00
CONSENSUS: $32.57
UPSIDE: 3.00%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 65% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Strong
Trading 211.6% above fair value
Current Price $31.62
Bear Case $8.11 74.3% downside ($8.11 - $31.62) / $31.62 = -74.3% $0.20 × 18x P/E
Fair Value $10.15 67.9% downside ($10.15 - $31.62) / $31.62 = -67.9% $0.20 × 22x P/E
Bull Case $12.18 61.5% downside ($12.18 - $31.62) / $31.62 = -61.5% $0.20 × 27x P/E

Adjust Assumptions

22.5x
0.2$

Key Value Driver

Normalized P/E multiple (22x base case)

Implied Market Multiple 156.8x

Plain-Language Summary

Our base-case estimate uses a valuation based on adjusted earnings per share and a normalized price-to-earnings multiple. We then blend that result with the average analyst price target of $32.57 from 13 analysts, using a 20% weight on analyst consensus. That produces an estimated intrinsic value of $10.15 per share.

Warnings

The company's reported profits differ from official accounting profits by 44%. Check what costs are being left out of the adjusted number.
Wall Street's average price target is $32.57 (from 13 analysts). Our estimate is 86% below the consensus -- consider that gap carefully.

Key Risks

  • Growth DCF inappropriate — terminal value assumptions dominate
  • EV/EBITDA misleading for regulated businesses where capex is mandated
  • Regulatory risk is a fat tail not visible in normal multiples