Brokerages Set Corsair Gaming, Inc. (NASDAQ:CRSR) Price Target at $12.00

Shares of Corsair Gaming, Inc. (NASDAQ:CRSR) have been given a consensus recommendation of “Moderate Buy” by the nine research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $12.00.

Several equities analysts have recently commented on CRSR shares. Wall Street Zen cut shares of Corsair Gaming from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 5th. Weiss Ratings raised Corsair Gaming from a “sell (d)” rating to a “hold (c-)” rating in a report on Friday, August 21st. Roth Capital restated a “buy” rating and set a $16.00 price objective on shares of Corsair Gaming in a research note on Friday, August 7th. Craig Hallum reaffirmed a “hold” rating on shares of Corsair Gaming in a report on Friday, August 7th. Finally, Barclays lifted their target price on Corsair Gaming from $9.00 to $15.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th.

Hedge Funds Weigh In On Corsair Gaming

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Corsair Gaming during the second quarter valued at $75,131,000. Palisade Capital Management LP acquired a new stake in shares of Corsair Gaming during the second quarter worth $5,407,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Corsair Gaming during the second quarter worth $5,054,000. Bank of America Corp DE bought a new position in shares of Corsair Gaming in the 2nd quarter worth about $3,638,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Corsair Gaming in the 2nd quarter worth about $2,867,000. 25.66% of the stock is currently owned by institutional investors.

Corsair Gaming Trading Up 2.5%

CRSR opened at $13.36 on Friday. The stock has a market capitalization of $1.45 billion, a PE ratio of 44.53 and a beta of 1.88. The firm’s fifty day moving average price is $11.39 and its 200 day moving average price is $8.72. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.75 and a quick ratio of 1.04. Corsair Gaming has a 12-month low of $4.48 and a 12-month high of $14.98.

Corsair Gaming (NASDAQ:CRSR) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.16. The firm had revenue of $314.33 million for the quarter, compared to the consensus estimate of $310.47 million. Corsair Gaming had a net margin of 2.36% and a return on equity of 13.10%. The firm’s revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.01 EPS. Corsair Gaming has set its FY 2026 guidance at 0.850-0.940 EPS and its Q3 2026 guidance at 0.090-0.120 EPS. As a group, research analysts expect that Corsair Gaming will post 0.66 EPS for the current fiscal year.

Corsair Gaming Company Profile

Corsair Gaming, Inc develops and sells hardware, peripherals, and accessories for gamers, content creators, and PC enthusiasts. Its product portfolio includes computer components such as memory, power supplies, cooling systems, storage products, and PC cases, as well as gaming keyboards, mice, headsets, controllers, and other accessories.

The company also provides products and software for streaming and content creation through its Elgato brand, including capture devices, lighting, microphones, control interfaces, and related tools.