Corsair Gaming, Inc. (NASDAQ:CRSR) Receives $12.00 Average Price Target from Analysts

Corsair Gaming, Inc. (NASDAQ:CRSR) has earned an average rating of “Moderate Buy” from the nine ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $12.00.

A number of research analysts have commented on CRSR shares. Zacks Research upgraded shares of Corsair Gaming from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Wall Street Zen downgraded shares of Corsair Gaming from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 5th. Barclays upped their target price on shares of Corsair Gaming from $9.00 to $15.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Craig Hallum reiterated a “hold” rating on shares of Corsair Gaming in a research note on Friday, August 7th. Finally, Wedbush lifted their price target on Corsair Gaming from $8.00 to $13.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Corsair Gaming during the 2nd quarter valued at about $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. acquired a new position in shares of Corsair Gaming during the second quarter valued at $5,054,000. Bank of America Corp DE acquired a new position in Corsair Gaming during the 2nd quarter valued at about $3,638,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Corsair Gaming during the second quarter valued at approximately $2,867,000. Institutional investors and hedge funds own 25.66% of the company’s stock.

Corsair Gaming Stock Performance

Corsair Gaming stock opened at $13.51 on Friday. Corsair Gaming has a 12-month low of $4.48 and a 12-month high of $14.98. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 45.03 and a beta of 1.88. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.75 and a quick ratio of 1.04. The firm’s fifty day moving average price is $11.56 and its 200 day moving average price is $8.82.

Corsair Gaming (NASDAQ:CRSR) last announced its earnings results on Thursday, August 6th. The company reported $0.23 earnings per share (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 company had revenue of $314.33 million for the quarter, compared to analyst estimates of $310.47 million. During the same period in the prior year, the company posted $0.01 EPS. Corsair Gaming’s quarterly revenue 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. On average, research analysts forecast that Corsair Gaming will post 0.66 EPS for the current fiscal year.

About Corsair Gaming

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.