Maxim Group analyst Jack Vander Aarde has reiterated their bullish stance on TBCH stock, giving a Buy rating on May 9.
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Jack Vander Aarde has given his Buy rating due to a combination of factors that highlight Turtle Beach’s potential for growth despite current macroeconomic challenges. The company reported a strong first quarter in 2025 with a revenue increase of 14% year-over-year, surpassing both the analyst’s and the market’s expectations. This growth was primarily driven by increased sales from the PDP brand, which helped offset declines in the gaming accessory market.
Furthermore, Turtle Beach’s proactive measures, such as increasing inventory and shifting production from China to Vietnam, demonstrate its strategic agility in response to tariff uncertainties. The company’s commitment to share repurchases and its undervalued trading multiple compared to peers like Logitech and Corsair further support the Buy rating. Although the 2025 guidance was lowered due to industry headwinds, the long-term growth prospects, including strong free cash flow and strategic positioning, underpin the positive outlook for Turtle Beach.
In another report released on May 9, Craig-Hallum also reiterated a Buy rating on the stock with a $16.00 price target.
TBCH’s price has also changed moderately for the past six months – from $16.040 to $11.410, which is a -28.87% drop .