Benchmark has reiterated a Buy rating on Rush Street Interactive with a price target of $24.00, the stock currently trades at $18.67, suggesting significant upside potential.

The research firm cited improved growth prospects for the online gaming company following changes to Colombia’s tax framework. Benchmark estimates these tax changes reduced Rush Street Interactive’s 2025 revenue by approximately $70 million and adjusted EBITDA by $25-30 million. Despite these adjustments, data shows RSI’s revenue grew 23.15% over the last twelve months to $1.06 billion, with a healthy EBITDA of $109.41 million.

The revised VAT-on-revenue scheme in Colombia could potentially provide upside to Benchmark’s 2026 estimates for the company. The firm also highlighted multiple growth catalysts for Rush Street Interactive, including expansion opportunities in Alberta, Maine, and Latin America.

Benchmark noted the upcoming 2026 FIFA World Cup as another potential growth driver for the company. The firm emphasized that Rush Street Interactive’s iCasino-heavy business mix supports structurally higher margins and operating leverage.