In a report released today, George Wang CFA from Barclays maintained a Buy rating on Corsair Gaming (CRSR – Research Report), with a price target of $17.00. The company’s shares closed yesterday at $11.76.
According to TipRanks, Wang CFA is a 5-star analyst with an average return of 25.5% and a 65.22% success rate. Wang CFA covers the Technology sector, focusing on stocks such as Super Micro Computer, Garmin, and Flex.
Corsair Gaming has an analyst consensus of Moderate Buy, with a price target consensus of $15.50, implying a 31.80% upside from current levels. In a report released on May 1, Wedbush also reiterated a Buy rating on the stock with a $18.00 price target.
Based on Corsair Gaming’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $417.29 million and a net profit of $6.98 million. In comparison, last year the company earned a revenue of $398.73 million and had a net profit of $6.71 million
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CRSR in relation to earlier this year. Most recently, in February 2024, Samuel R. Szteinbaum, a Director at CRSR bought 25,000.00 shares for a total of $138,000.00.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Corsair Gaming (CRSR) Company Description:
Corsair Gaming Inc is engaged in the business of providing high-performance gear for gamers and content creators. The product portfolio includes Cases, Keyboards, Mice, Headsets, Power Supplies, Gaming Computers, Gaming Chairs, Mouse pads, and other related products. The company operates in two segments namely, Gamer and Creator peripherals and gaming Components and systems.
