Turtle Beach price target lowered to $20 from $21 at B. Riley

B. Riley lowered the firm’s price target on Turtle Beach (TBCH) to $20 from $21 and keeps a Buy rating on the shares. Turtle Beach is expected to report slightly weaker Q4 results on March 12, with revenue forecast at $141.7M amid soft holiday demand and a disappointing Call of Duty launch affecting console headset sales, the analyst tells investors in a research note. For 2026, revenue and AEBITDA are now projected at $368.8M and $58.5M, respectively, with improvement anticipated as tariff headwinds ease, the Switch 2 installed base grows, and GTA VI launches in November, the firm says.