Wedbush Cuts Corsair Gaming (NASDAQ:CRSR) Price Target to $9.00

Corsair Gaming (NASDAQ:CRSR) had its target price reduced by Wedbush from $13.00 to $9.00 in a report published on Wednesday morning,Benzinga reports. They currently have an outperform rating on the stock. Wedbush also issued estimates for Corsair Gaming’s Q1 2026 earnings at $0.07 EPS, Q3 2026 earnings at $0.05 EPS, Q4 2026 earnings at $0.36 EPS and FY2026 earnings at $0.44 EPS.

A number of other analysts also recently commented on CRSR. Craig Hallum assumed coverage on shares of Corsair Gaming in a report on Wednesday, October 8th. They set a “buy” rating and a $12.00 price objective on the stock. B. Riley began coverage on shares of Corsair Gaming in a research report on Thursday, October 2nd. They set a “neutral” rating and a $10.00 price target for the company. Barclays upgraded Corsair Gaming to a “strong-buy” rating in a report on Friday, August 8th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Corsair Gaming in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Corsair Gaming presently has a consensus rating of “Hold” and an average price target of $9.29.

Corsair Gaming Price Performance

NASDAQ:CRSR traded up $0.27 during trading hours on Wednesday, hitting $6.55. The company’s stock had a trading volume of 1,526,918 shares, compared to its average volume of 752,473. Corsair Gaming has a 52-week low of $5.64 and a 52-week high of $13.02. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.75 and a current ratio of 1.48. The business’s 50-day moving average is $8.27 and its two-hundred day moving average is $8.60. The company has a market capitalization of $698.03 million, a PE ratio of -19.26 and a beta of 1.84.

Corsair Gaming (NASDAQ:CRSR) last issued its earnings results on Thursday, August 7th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $320.11 million for the quarter, compared to analyst estimates of $312.38 million. Corsair Gaming had a negative net margin of 2.46% and a positive return on equity of 3.37%. The business’s revenue was up 22.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.07) EPS. As a group, research analysts anticipate that Corsair Gaming will post 0.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Corsair Gaming

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Corsair Gaming by 4.0% during the third quarter. Vanguard Group Inc. now owns 6,916,703 shares of the company’s stock worth $61,697,000 after buying an additional 269,193 shares in the last quarter. Sunriver Management LLC acquired a new stake in shares of Corsair Gaming during the first quarter valued at $16,733,000. Geode Capital Management LLC boosted its stake in shares of Corsair Gaming by 5.2% during the second quarter. Geode Capital Management LLC now owns 1,231,456 shares of the company’s stock valued at $11,614,000 after acquiring an additional 61,075 shares during the last quarter. Alyeska Investment Group L.P. increased its position in Corsair Gaming by 302.3% during the 1st quarter. Alyeska Investment Group L.P. now owns 914,879 shares of the company’s stock worth $8,106,000 after purchasing an additional 687,477 shares in the last quarter. Finally, Driehaus Capital Management LLC acquired a new position in Corsair Gaming in the 1st quarter valued at about $7,772,000. Hedge funds and other institutional investors own 25.66% of the company’s stock.

Corsair Gaming Company Profile

Corsair Gaming, Inc, together with its subsidiaries, designs, develops, markets, and sells gaming and streaming peripherals, components and systems in the Americas, Europe, the Middle East, and the Asia Pacific. It offers gamer and creator peripherals, including gaming keyboards, mice, headsets, controllers, and streaming products, such as capture cards, stream decks, microphones and audio interfaces, facecam streaming cameras, studio accessories, gaming furniture, and other related products.