Wedbush lowered the firm’s price target on Turtle Beach (TBCH) to $11 from $14 and keeps a Neutral rating on the shares. The firm notes Turtle Beach posted Q4 top-line results well below expectations against a soft industry backdrop, opting to preserve margins and brand value as it attempts to elevate its market positioning in a highly competitive gaming peripherals market. FY26 guidance also fell below expectations, with the bulk of revenue expected in the holiday quarter around the November GTA6 release.
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