Craig-Hallum lowered the firm’s price target on Turtle Beach (TBCH) to $13 from $18 and keeps a Buy rating on the shares. The firm believes that while Turtle Beach has the right product lineup for the gaming accessory refresh cycle, the continued pushout of GTA 6 has taken its toll on the industry. The company posted a large miss and guided well below the Street for this year as gamers push out purchases until certainty of the GTA 6 launch in November given the prior two pushouts.
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Read More on TBCH:
- Turtle Beach price target lowered to $18 from $20 at Oppenheimer
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