Wall Street Zen Upgrades Corsair Gaming (NASDAQ:CRSR) to Strong-Buy

Corsair Gaming (NASDAQ:CRSR) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Sunday, Wall Street Zen reports.

Other equities research analysts have also issued reports about the company. B. Riley Financial boosted their target price on Corsair Gaming from $7.50 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Weiss Ratings upgraded Corsair Gaming from a “sell (d)” rating to a “hold (c-)” rating in a report on Friday, August 21st. The Goldman Sachs Group lowered shares of Corsair Gaming from a “neutral” rating to a “sell” rating and set a $11.00 price target on the stock. in a research report on Wednesday, August 19th. Craig Hallum restated a “hold” rating on shares of Corsair Gaming in a research note on Friday, August 7th. Finally, Barclays boosted their price objective on shares of Corsair Gaming from $9.00 to $15.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $12.00.

Corsair Gaming Stock Performance

CRSR opened at $12.20 on Friday. The company has a market cap of $1.32 billion, a PE ratio of 40.67 and a beta of 1.86. The stock has a 50-day moving average of $13.09 and a 200-day moving average of $9.03. Corsair Gaming has a 52-week low of $4.48 and a 52-week high of $14.98. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.04 and a current ratio of 1.75.

Corsair Gaming (NASDAQ:CRSR) last issued 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. Corsair Gaming had a return on equity of 13.10% and a net margin of 2.36%. The business had revenue of $314.33 million for the quarter, compared to analyst estimates of $310.47 million. During the same quarter in the prior year, the firm posted $0.01 EPS. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. 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, equities research analysts forecast that Corsair Gaming will post 0.66 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Corsair Gaming

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

About Corsair Gaming

Corsair Gaming, Inc develops and sells hardware, peripherals, systems and accessories for gamers, content creators and PC enthusiasts. Its product portfolio includes keyboards, mice, headsets, streaming equipment, gaming furniture, computer components, custom-built PCs and related software.

The company markets products under the Corsair brand and through brands including Elgato, SCUF Gaming, ORIGIN PC and Drop. Elgato focuses on tools for content creation and live streaming, SCUF Gaming produces customizable game controllers, ORIGIN PC builds custom gaming computers, and Drop offers enthusiast-oriented mechanical keyboards and other computer accessories.

Founded in 1994, Corsair serves customers globally through retailers, distributors, online marketplaces and its direct-to-consumer websites.