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

Key Points

• Wall Street Zen upgraded Corsair Gaming to “strong buy” from “buy,” although the broader analyst consensus remains “hold” with a $12.00 price target.
• Corsair shares were trading down 8.2% at $12.60, compared with a 52-week range of $4.48 to $14.98. Recent analyst targets range from $9.00 to $15.00.
• The company exceeded quarterly expectations, reporting $0.23 in EPS versus the $0.07 consensus and revenue of $314.33 million, slightly above estimates; institutional investors own 25.66% of the stock.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report issued on Sunday, Wall Street Zen reports.

CRSR has been the subject of a number of other reports. Wedbush lifted their target price on Corsair Gaming from $8.00 to $13.00 and gave the company an "outperform" rating in a research note on Monday, August 3rd. B. Riley Financial increased their price target on Corsair Gaming from $7.50 to $9.00 and gave the stock a "neutral" rating in a research report on Thursday, July 23rd. Robert W. Baird set a $12.00 price target on Corsair Gaming in a report on Friday, August 7th. Craig Hallum restated a "hold" rating on shares of Corsair Gaming in a research report on Friday, August 7th. Finally, Barclays upped their price objective on Corsair Gaming from $9.00 to $15.00 and gave the stock an "overweight" rating in a research note on Monday, August 10th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $12.00.

Corsair Gaming Trading Down 8.2%

Shares of NASDAQ CRSR opened at $12.60 on Friday. The stock's 50 day moving average price is $13.07 and its two-hundred day moving average price is $9.00. Corsair Gaming has a 52-week low of $4.48 and a 52-week high of $14.98. The stock has a market capitalization of $1.36 billion, a P/E ratio of 42.00 and a beta of 1.86. The company has a quick ratio of 1.04, a current ratio of 1.75 and a debt-to-equity ratio of 0.17.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.23 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $310.47 million. During the same quarter last year, the firm earned $0.01 EPS. The business's 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, analysts anticipate that Corsair Gaming will post 0.66 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Corsair Gaming

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

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.

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