Corsair Gaming (NASDAQ:CRSR) Downgraded by Wall Street Zen to "Buy"

Key Points

• Wall Street Zen downgraded Corsair Gaming from “strong-buy” to “buy”, while the broader analyst picture remains mixed with a consensus “Hold” rating and an average price target of $8.33.
• Corsair Gaming recently beat quarterly earnings expectations, reporting EPS of $0.27 versus the expected $0.18, along with revenue of $354.51 million, slightly above estimates.
• Despite the downgrade, several firms turned more bullish, including Wedbush raising its target to $8 and Craig Hallum lifting its target to $10, while the stock was trading around $7.88 after an 11.1% move.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Saturday.

Several other research analysts also recently commented on CRSR. Robert W. Baird set a $6.00 price objective on Corsair Gaming in a research note on Friday, February 13th. Wedbush raised their price objective on Corsair Gaming from $7.00 to $8.00 and gave the stock an "outperform" rating in a research note on Friday. B. Riley Financial raised their price objective on Corsair Gaming from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Friday, February 13th. Zacks Research cut shares of Corsair Gaming from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 13th. Finally, Craig Hallum increased their price objective on shares of Corsair Gaming from $8.00 to $10.00 and gave the stock a "buy" rating in a research note on Friday. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Corsair Gaming has a consensus rating of "Hold" and an average price target of $8.33.

Corsair Gaming Stock Up 11.1%

Shares of Corsair Gaming stock opened at $7.88 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.54 and a debt-to-equity ratio of 0.18. Corsair Gaming has a twelve month low of $4.48 and a twelve month high of $10.29. The company has a market cap of $842.21 million, a price-to-earnings ratio of 98.51 and a beta of 1.59. The company's 50 day moving average is $5.94 and its 200 day moving average is $6.10.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.09. Corsair Gaming had a net margin of 0.71% and a return on equity of 9.85%. The business had revenue of $354.51 million for the quarter, compared to the consensus estimate of $351.58 million. During the same period last year, the firm earned $0.11 earnings per share. The company's quarterly revenue was down 4.1% on a year-over-year basis. Research analysts anticipate that Corsair Gaming will post 0.41 EPS for the current year.

Institutional Trading of Corsair Gaming

Several large investors have recently bought and sold shares of CRSR. AQR Capital Management LLC grew its position in Corsair Gaming by 428.8% during the 1st quarter. AQR Capital Management LLC now owns 92,778 shares of the company's stock worth $822,000 after purchasing an additional 75,232 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Corsair Gaming by 12.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 95,538 shares of the company's stock worth $846,000 after purchasing an additional 10,620 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Corsair Gaming by 83.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 449,779 shares of the company's stock worth $3,985,000 after purchasing an additional 204,351 shares during the last quarter. JPMorgan Chase & Co. grew its position in Corsair Gaming by 15.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 25,289 shares of the company's stock worth $238,000 after purchasing an additional 3,454 shares during the last quarter. Finally, Legal & General Group Plc grew its position in Corsair Gaming by 1.3% during the 2nd quarter. Legal & General Group Plc now owns 122,484 shares of the company's stock worth $1,155,000 after purchasing an additional 1,592 shares during the last quarter. Hedge funds and other institutional investors own 25.66% of the company's stock.

Key Corsair Gaming News

Here are the key news stories impacting Corsair Gaming this week:

• Positive Sentiment: Wedbush raised its price target on Corsair Gaming to $8.00 from $7.00 and reiterated an outperform rating, signaling modest upside from recent trading levels. Benzinga
• Positive Sentiment: Craig Hallum increased its price target to $10.00 from $8.00 and maintained a buy rating, reflecting stronger confidence in Corsair’s growth and profitability outlook. Finviz
• Positive Sentiment: Corsair reported first-quarter earnings that beat expectations, with EPS of $0.27 versus $0.18 expected and revenue of $354.51 million versus $352.36 million expected, which helped reinforce the bullish reaction. MarketBeat Earnings Report
• Neutral Sentiment: The company also issued FY2026 revenue guidance of $1.3 billion to $1.5 billion, broadly framing investor expectations around the next year’s growth trajectory. Press Release

About Corsair Gaming

Corsair Gaming, Inc, headquartered in Fremont, California, is a leading manufacturer of high-performance gaming peripherals and PC components. Since its founding in 1994 by Andy Paul, Don Lieberman and John Beekley as Corsair Microsystems, the company has evolved from producing memory modules to a broad portfolio of gaming hardware. Its product range includes gaming keyboards, mice, headsets, PC chassis, power supplies, cooling solutions, memory modules, solid-state drives and streaming accessories under brands such as Corsair, Elgato and SCUF Gaming.

The company's solutions cater to PC enthusiasts, competitive gamers and content creators, offering hardware and integrated software designed to optimize performance and user experience.

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