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

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

CRSR has been the subject of several other research reports. Barclays raised their target price on shares of Corsair Gaming from $9.00 to $15.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Wedbush increased their price objective on shares of Corsair Gaming from $8.00 to $13.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. B. Riley Financial raised their price objective on shares of Corsair Gaming from $7.50 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Zacks Research upgraded Corsair Gaming from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. Finally, Craig Hallum reaffirmed a “hold” rating on shares of Corsair Gaming in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $12.00.

Corsair Gaming Price Performance

Shares of NASDAQ CRSR opened at $13.38 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.04 and a debt-to-equity ratio of 0.17. Corsair Gaming has a 12-month low of $4.48 and a 12-month high of $14.98. The firm’s 50-day moving average price is $11.63 and its 200-day moving average price is $8.88. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 44.60 and a beta of 1.88.

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

Hedge Funds Weigh In On Corsair Gaming

A number of hedge funds have recently added to or reduced their stakes in the stock. First Trust Advisors LP bought a new stake in shares of Corsair Gaming during the first quarter valued at approximately $606,000. Palisade Capital Management LP bought a new position in Corsair Gaming in the second quarter worth approximately $5,407,000. BlackRock Inc. bought a new position in Corsair Gaming in the second quarter worth approximately $75,131,000. Bank of New York Mellon Corp purchased a new position in Corsair Gaming during the 2nd quarter worth $2,867,000. Finally, GSA Capital Partners LLP purchased a new position in Corsair Gaming during the 2nd quarter worth $2,359,000. 25.66% of the stock is currently owned by institutional investors.

Corsair Gaming Company Profile

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.