Baird analyst Colin Sebastian lowered the firm’s price target on Corsair Gaming to $8 from $10 and keeps a Neutral rating on the shares. The firm believes the acquisition of Fanatec helps Corsair round out its portfolio of sim racing peripherals, and establishes the company as one of the leading providers of hardware in popular genres of video games while also recognizing the market for components remains mixed.
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Read More on CRSR:
- Corsair Gaming announces multi-year partnership with Call of Duty franchise
- Deal enhances Corsair’s position in Sim Racing market, says Macquarie
- Corsair Gaming to acquire Fanatec Sim Racing from Endor, terms undisclosed
- Corsair Gaming price target lowered to $14 from $17 at Barclays
- Corsair Gaming cuts FY24 revenue view to $1.25B-$1.35B, consensus $1.45B