Analyst Jack Vander Aarde of Maxim Group reiterated a Buy rating on Turtle Beach, with a price target of $21.00.
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Jack Vander Aarde has given his Buy rating due to a combination of factors that highlight Turtle Beach’s strategic positioning and financial outlook. Despite a year-over-year decline in revenue, the company reported a significant quarter-over-quarter increase, surpassing both internal and consensus estimates. This performance, coupled with proactive inventory management and a strategic shift in production away from China, positions Turtle Beach to navigate current market challenges effectively.
Furthermore, the company’s commitment to maintaining strong financial health is evident through its stock repurchase program and positive cash flow projections, which suggest no immediate need for additional capital. With Turtle Beach’s shares trading at a lower EV/EBITDA multiple compared to its peers, Jack Vander Aarde views the stock as undervalued. The anticipation of a market rebound in 2026, driven by new gaming console releases and major video-game titles, supports a positive long-term growth trajectory, reinforcing the Buy rating with a price target of $21.
In another report released on November 10, Oppenheimer also reiterated a Buy rating on the stock with a $20.00 price target.
Based on the recent corporate insider activity of 13 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 TBCH in relation to earlier this year.