Jim Cramer on Rush Street: “It’s Doing Really Well”

Rush Street Interactive, Inc. (NYSE:RSI) is one of the stocks that Jim Cramer discussed. Answering a caller’s query about the stock during the lightning round, Cramer said:

“Oh my god, it’s gaming. It’s doing really well, but again, it’s higher multiple than DraftKings, so I gotta send you to DraftKings because it’s a cheaper stock.”

A person with stock market data on a laptop. Photo by Anna Nekrashevich on Pexels

Rush Street Interactive, Inc. (NYSE:RSI) is an online gaming company providing real-money casino, sports betting, and social gaming services. In the June quarter, the company reported a strong quarter beating the top and bottom line estimates and raised the full-year guidance in light of that. Rush Street Interactive, Inc. (NYSE:RSI) generated a revenue of $269.2 million and and posted a net income of $28.8 million in Q2. The company reported an EBITDA of $40.2 million, up 88% year-over-year.

For FY 2025, the company now expects revenue between $1.05 and $1.1 billion, with the midpoint of $1.075 billion representing a 16% growth year-over-year. Rush Street Interactive, Inc. (NYSE:RSI) expects adjusted EBITDA between $133 and $147 million, with the midpoint of $140 million representing a 51% increase year-over-year.

While we acknowledge the risk and potential of RSI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than RSI and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.