Craig Hallum Issues Positive Forecast for Corsair Gaming (NASDAQ:CRSR) Stock Price

Corsair Gaming (NASDAQ:CRSR) had its target price increased by Craig Hallum from $8.00 to $10.00 in a report published on Friday, MarketBeat reports. Craig Hallum currently has a buy rating on the stock.

Other analysts have also issued reports about the company. Wedbush reissued an “outperform” rating and issued a $7.00 price target on shares of Corsair Gaming in a research note on Tuesday, February 17th. Robert W. Baird set a $6.00 price target on Corsair Gaming in a research note on Friday, February 13th. B. Riley Financial raised their price target on Corsair Gaming from $6.00 to $7.00 and gave the stock a “neutral” rating in a research note on Friday, February 13th. Barclays reduced their price objective on Corsair Gaming from $9.00 to $8.00 and set an “overweight” rating on the stock in a research note on Friday, February 13th. Finally, Zacks Research lowered Corsair Gaming from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 13th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Corsair Gaming has a consensus rating of “Hold” and an average target price of $8.33.

Corsair Gaming Stock Up 11.1%

Shares of NASDAQ:CRSR opened at $7.88 on Friday. The stock’s 50-day moving average price is $5.94 and its two-hundred day moving average price is $6.10. The company has a current ratio of 1.54, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18. Corsair Gaming has a 12-month low of $4.48 and a 12-month high of $10.29. The firm has a market cap of $842.21 million, a price-to-earnings ratio of 98.51 and a beta of 1.59.

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

Institutional Investors Weigh In On Corsair Gaming

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Corsair Gaming by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 6,916,703 shares of the company’s stock valued at $61,697,000 after buying an additional 269,193 shares during the period. ArrowMark Colorado Holdings LLC raised its holdings in shares of Corsair Gaming by 128.9% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 625,000 shares of the company’s stock valued at $5,575,000 after buying an additional 352,000 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Corsair Gaming by 15.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,042,943 shares of the company’s stock valued at $18,075,000 after buying an additional 401,171 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of Corsair Gaming during the 3rd quarter valued at about $1,047,000. Finally, Optimize Financial Inc purchased a new stake in shares of Corsair Gaming during the 3rd quarter valued at about $1,396,000. 25.66% of the stock is currently owned by hedge funds and other institutional investors.

Corsair Gaming News Summary

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

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.