Corsair Gaming, Inc. (NASDAQ:CRSR) Stock Has Average Price Target of $12.00

Corsair Gaming, Inc. (NASDAQ:CRSR) has earned a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $12.00.

Several research firms have recently commented on CRSR. The Goldman Sachs Group cut shares of Corsair Gaming from a “neutral” rating to a “sell” rating and set a $11.00 target price for the company. in a research note on Wednesday, August 19th. B. Riley Financial boosted their price target on shares of Corsair Gaming from $7.50 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Craig Hallum reissued a “hold” rating on shares of Corsair Gaming in a research note on Friday, August 7th. Wedbush raised their price target on Corsair Gaming from $8.00 to $13.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Finally, Wall Street Zen raised Corsair Gaming from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 19th.

Institutional Investors Weigh In On Corsair Gaming

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of Corsair Gaming during the 2nd quarter worth $75,131,000. Palisade Capital Management LP purchased a new position in shares of Corsair Gaming in the 2nd quarter valued at about $5,407,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Corsair Gaming in the second quarter valued at about $5,054,000. Bank of America Corp DE acquired a new stake in shares of Corsair Gaming in the second quarter valued at about $3,638,000. Finally, Bank of New York Mellon Corp purchased a new stake in Corsair Gaming during the second quarter worth about $2,867,000. Institutional investors and hedge funds own 25.66% of the company’s stock.

Corsair Gaming Trading Up 4.1%

NASDAQ:CRSR opened at $13.63 on Thursday. Corsair Gaming has a 12-month low of $4.48 and a 12-month high of $14.98. The company has a current ratio of 1.75, a quick ratio of 1.04 and a debt-to-equity ratio of 0.17. The stock’s 50 day simple moving average is $12.70 and its 200-day simple moving average is $9.69. The firm has a market cap of $1.47 billion, a P/E ratio of 45.43 and a beta of 1.86.

Corsair Gaming (NASDAQ:CRSR) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.16. The firm had revenue of $314.33 million during the quarter, compared to the consensus estimate of $310.47 million. Corsair Gaming had a return on equity of 13.10% and a net margin of 2.36%. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period last year, the company earned $0.01 earnings per share. 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. Equities analysts anticipate that Corsair Gaming will post 0.66 EPS for the current year.

About Corsair Gaming

Corsair Gaming, Inc is a technology company that develops and sells products for gamers, content creators and PC enthusiasts. Its portfolio includes computer components such as memory, power supplies, cooling systems, storage products and computer cases, along with prebuilt gaming PCs and other system components.

The company also offers gaming peripherals, including keyboards, mice, headsets, controllers and streaming accessories. Through its Elgato brand, Corsair provides hardware and software for content creation and live streaming, while its SCUF brand focuses on performance-oriented gaming controllers.