In a report released today, Mario Lu from Barclays assigned a Buy rating to Corsair Gaming (CRSR – Research Report), with a price target of $21.00. The company’s shares closed yesterday at $18.28.
According to TipRanks, Lu is an analyst with an average return of -0.8% and a 57.60% success rate. Lu covers the Technology sector, focusing on stocks such as Activision Blizzard, Expedia, and Electronic Arts.
Currently, the analyst consensus on Corsair Gaming is a Moderate Buy with an average price target of $19.00, which is a 3.94% upside from current levels. In a report released on July 31, Wedbush also upgraded the stock to a Buy with a $21.00 price target.
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CRSR market cap is currently $1.87B and has a P/E ratio of -30.31.
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CRSR in relation to earlier this year. Most recently, in May 2023, Michael G. Potter, the CFO of CRSR sold 10,000.00 shares for a total of $200,000.00.
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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.
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