Roth Capital says videogame spend portends accessories growth for Turtle Beach

Roth Capital analyst Sean McGowan keeps a Buy rating and $22 price target on Turtle Beach (TBCH) but notes that U.S. spending on video games has posted five consecutive months of positive y/y comparisons, driven by higher hardware and content sales. Strength in these categories portends future accessories growth, while the launch of new hardware models and new products by Turtle Beach provide positive revenue tailwinds for the second half of 2025, the analyst tells investors in a research note.