Corsair Gaming, Inc. (NASDAQ:CRSR) Stock Has Consensus Price Target of $12.00 According to Analysts

Key Points

• Analysts maintain a consensus “Hold” rating on Corsair Gaming, with four buys, four holds and one sell among nine firms. The average 12-month price target is $12.00, below the stock’s reported $12.60 opening price.
• Several analysts recently raised their targets, including Barclays to $15.00 and Wedbush to $13.00, while Goldman Sachs downgraded the stock to “Sell” with an $11.00 target.
• Corsair beat quarterly expectations with EPS of $0.23 versus a $0.07 consensus and revenue of $314.33 million, although revenue declined 1.8% year over year. Institutional investors own 25.66% of the company after several major funds established new positions.

Shares of Corsair Gaming, Inc. (NASDAQ:CRSR - Get Free Report) have earned a consensus recommendation of "Hold" from the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $12.00.

A number of equities research analysts recently weighed in on CRSR shares. B. Riley Financial boosted their price objective on shares of Corsair Gaming from $7.50 to $9.00 and gave the company a "neutral" rating in a research report on Thursday, July 23rd. Barclays boosted their target price on Corsair Gaming from $9.00 to $15.00 and gave the stock an "overweight" rating in a research note on Monday, August 10th. Wedbush boosted their target price on Corsair Gaming from $8.00 to $13.00 and gave the stock an "outperform" rating in a research report on Monday, August 3rd. The Goldman Sachs Group downgraded Corsair Gaming from a "neutral" rating to a "sell" rating and set a $11.00 price objective on the stock. in a report on Wednesday, August 19th. Finally, Weiss Ratings upgraded Corsair Gaming from a "sell (d)" rating to a "hold (c-)" rating in a research report on Friday, August 21st.

Hedge Funds Weigh In On Corsair Gaming

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

Corsair Gaming Price Performance

CRSR opened at $12.60 on Monday. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 42.00 and a beta of 1.95. The company has a quick ratio of 1.04, a current ratio of 1.75 and a debt-to-equity ratio of 0.17. The company's 50-day moving average price is $13.07 and its two-hundred day moving average price is $9.00. Corsair Gaming has a twelve month low of $4.48 and a twelve month high of $14.98.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.16. Corsair Gaming had a net margin of 2.36% and a return on equity of 13.10%. The business had revenue of $314.33 million during the quarter, compared to analyst estimates of $310.47 million. During the same period in the prior year, the business posted $0.01 earnings per share. The company'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. As a group, equities analysts expect that Corsair Gaming will post 0.66 earnings per share for the current year.

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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