Corsair Gaming (NASDAQ:CRSR) Stock Rating Upgraded by The Goldman Sachs Group

Corsair Gaming (NASDAQ:CRSR) was upgraded by analysts at The Goldman Sachs Group to a “strong sell” rating in a research report issued on Wednesday,Zacks.com reports.

A number of other research analysts also recently issued reports on the company. Wall Street Zen raised Corsair Gaming from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 20th. Robert W. Baird set a $12.00 target price on Corsair Gaming in a research note on Friday, August 7th. Wedbush lifted their target price on Corsair Gaming from $8.00 to $13.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Roth Capital reiterated a “buy” rating and issued a $16.00 target price on shares of Corsair Gaming in a report on Friday, August 7th. Finally, Craig Hallum reissued a “hold” rating on shares of Corsair Gaming in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Corsair Gaming has an average rating of “Hold” and an average target price of $12.00.

Corsair Gaming Price Performance

Shares of NASDAQ CRSR opened at $11.35 on Wednesday. Corsair Gaming has a twelve month low of $4.48 and a twelve month high of $14.98. The firm has a fifty day simple moving average of $10.14 and a 200 day simple moving average of $7.81. The company has a market capitalization of $1.23 billion, a PE ratio of 37.83 and a beta of 1.85. 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) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.23 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 analysts’ expectations of $310.47 million. Corsair Gaming had a net margin of 2.36% and a return on equity of 13.10%. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm 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, sell-side analysts forecast that Corsair Gaming will post 0.66 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its holdings in shares of Corsair Gaming by 428.8% during the first quarter. AQR Capital Management LLC now owns 92,778 shares of the company’s stock valued at $822,000 after acquiring an additional 75,232 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Corsair Gaming by 12.5% during the first 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 period. Goldman Sachs Group Inc. lifted its holdings in shares of Corsair Gaming by 83.3% in 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 in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Corsair Gaming by 15.8% in 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 in the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Corsair Gaming by 1.3% in 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 in the last quarter. Institutional investors own 25.66% of the company’s stock.

Corsair Gaming Company Profile

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.