EL7.AI
Stocks•20 July 2026•
1 min read

Rush Street Interactive Jumps 5.4% on Wells Fargo Upgrade

Key Facts

1Rush Street Interactive shares surged 5.4% following Wells Fargo's upgrade to Overweight.
2Both Wells Fargo and JP Morgan raised their price targets for the stock, with a new average target of $32.

Reflecting growing optimism in the digital entertainment sector, Rush Street Interactive (RSI) shares surged 5.4% after Wells Fargo upgraded the stock to an Overweight rating. According to reports, the move was driven by analyst confidence in the company's growth trajectory within the online gambling market. Both Wells Fargo and JP Morgan raised their price targets for the stock, establishing a new average target of $32.

This momentum arrives amid intensifying competition in the digital gambling space, where major peer DraftKings (DKNG) recently reported a 53% year-over-year revenue increase in its latest quarterly earnings according to search citations. Compared to its peers, analysts suggest that RSI possesses operational efficiencies that could provide a competitive edge as sports betting legislation continues to expand across the United States.

Looking ahead, investors will be monitoring the U.S. Consumer Price Index (CPI) release on July 14, 2026, as a broader market catalyst that could impact sentiment for growth-oriented mid-cap stocks like RSI.