Turtle Beach price target raised to $19 from $17.50 at Oppenheimer

Oppenheimer analyst Martin Yang raised the firm’s price target on Turtle Beach (TBCH) to $19 from $17.50 and keeps an Outperform rating on the shares. The firm notes the company reported Q2 results with a 26% decline in revenue and a 200bps gross margin expansion year-over-year. Management reiterate its 2025 guidance range after a series of changes to its supply chain, pricing, and product schedule during Q2. Oppenheimer believes Turtle Beach is well position competitively to capitalized on the recovery and growth into 2026.