Brokerages Set Corsair Gaming, Inc. (NASDAQ:CRSR) Target Price at $12.14

Corsair Gaming, Inc. (NASDAQ:CRSR) has been assigned an average rating of “Hold” from the nine research firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $12.00.

CRSR has been the subject of a number of research reports. Barclays increased their price target on Corsair Gaming from $9.00 to $15.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Craig Hallum reaffirmed a “hold” rating on shares of Corsair Gaming in a report on Friday, August 7th. Wedbush increased their target price on Corsair Gaming from $8.00 to $13.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Wall Street Zen raised shares of Corsair Gaming from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 20th. Finally, B. Riley Financial boosted their price target on shares of Corsair Gaming from $7.50 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, July 23rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in Corsair Gaming during the second quarter worth approximately $75,131,000. Dimensional Fund Advisors LP lifted its stake in shares of Corsair Gaming by 3.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,784,310 shares of the company’s stock valued at $24,833,000 after purchasing an additional 98,588 shares during the last quarter. State Street Corp boosted its holdings in shares of Corsair Gaming by 2.1% in the 4th quarter. State Street Corp now owns 1,725,659 shares of the company’s stock worth $10,250,000 after purchasing an additional 35,301 shares during the period. Invesco Ltd. boosted its holdings in shares of Corsair Gaming by 144.4% in the 4th quarter. Invesco Ltd. now owns 1,330,581 shares of the company’s stock worth $7,904,000 after purchasing an additional 786,049 shares during the period. Finally, Millennium Management LLC increased its position in shares of Corsair Gaming by 506.2% during the 4th quarter. Millennium Management LLC now owns 635,798 shares of the company’s stock valued at $3,777,000 after purchasing an additional 530,914 shares during the last quarter. Hedge funds and other institutional investors own 25.66% of the company’s stock.

Corsair Gaming Stock Up 0.2%

Shares of CRSR stock opened at $10.93 on Wednesday. The company’s fifty day simple moving average is $10.23 and its two-hundred day simple moving average is $7.87. Corsair Gaming has a 52 week low of $4.48 and a 52 week high of $14.98. The stock has a market cap of $1.18 billion, a P/E ratio of 36.43 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 data on Thursday, August 6th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.16. Corsair Gaming had a return on equity of 13.10% and a net margin of 2.36%.The firm had revenue of $314.33 million during the quarter, compared to analyst estimates of $310.47 million. During the same quarter last year, the business posted $0.01 earnings per share. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. 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. Analysts predict that Corsair Gaming will post 0.66 EPS for the current fiscal year.

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.