Craig-Hallum raised the firm’s price target on Turtle Beach (TBCH) to $18 from $16 and keeps a Buy rating on the shares. The firm believes Turtle Beach is well positioned in the gaming accessory refresh cycle given strong demand for the Nintendo Switch 2 and with continued growth in the racing simulator market. However, Craig-Hallum notes GTA 6 was delayed another 6 months and will likely impact all gaming company’s stocks.
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