Corsair Gaming price target lowered to $8 from $10 at Craig-Hallum

Craig-Hallum analyst Tony Stoss lowered the firm’s price target on Corsair Gaming (CRSR) to $8 from $10 and keeps a Buy rating on the shares. The firm highlights positive impacts to Corsair’s gross margins given industry-wide memory price increases. This allowed the company to sell their lower cost inventory at current market prices, leading to record high gross margins in the quarter. Caig-Hallum also notes Corsair introduced their FY26 guide, calling for revenues to be down year-over-year but adjusted EBITDA to be up as they focus on higher margin business, reduce opex 3%-4%, and implies continued benefit from memory pricing.