![]() ![]() ![]() “We showed consistent interest in this business even in the face of more challenging market conditions and there was a strong cultural fit between the two firms. The average Rush Street Interactive stock. “We might have had a tough time winning the deal in the go-go years but in this environment there was much higher market uncertainty and volatility, and that may have benefited us,” Schorr said. The main objective of Rush Street stock analysis is to determine its intrinsic value, which is an estimate of what Rush Street Interactive is worth, separate from its market price. On average, Wall Street analysts predict that Rush Street Interactives share price could reach 6.00 by Jul 20, 2024. “A minority of them lend to investment managers but we were able to find a few that would,” he added, referring to direct lenders that are willing to finance money managers’ deals. With banks that would have financed the deal pulling back or out of business, HighVista tapped private credit to help arrange financing, according to Schorr. One of those institutions - Silicon Valley Bank - was an important lender in the venture community and its failure contributed to a shock wave through venture companies valuations. The deal negotiations survived the failure of three US banks and rise in interest rates to combat inflation. Even in 2025, AMD will be growing far faster. Read our earnings report guide before you consider the forecast. The market grows on average around 5-6 per year. Nasdaq provides visual representation of analyst expected earnings growth. “It was just our luck that abrdn decided to leave this market.” You value AMD way out in 2025 with a multiple of 25, which is around the current market multiple. “A year ago there was an article that leaked that abrdn was selling the business so we contacted the bankers and expressed interest,” Schorr said in a telephone interview. Terms of the transaction, expected to close later this year, were not disclosed.īoston-based HighVista, which already has a private equity business, wanted to bolster its capabilities with a dedicated team that adds additional investment offerings and to compliment its opportunity sourcing efforts, according to Raphael Schorr, deputy chief investment officer at HighVista Strategies. The 11 Wall Street analysts offering Rush Street Interactive stock forecast in the last 6 months have average price target of 6.84 with a high forecast of 8. The purchase of abrdn’s US private equity and venture capital unit, abrdn Inc., nearly doubles HighVista’s assets under management to $9 billion, according to a press release. (Bloomberg) - Alternative money manager HighVista Strategies LLC, said it’s buying the private markets subsidiary of one of Scotland’s largest asset managers abrdn plc. ![]()
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