Turtle Beach revenue growing strongly, says Roth MKM

Roth MKM keeps a Buy rating and $26 price target on Turtle Beach ahead of its Q3 results. The company’s revenue grew strongly, driven primarily by the PDP acquisition and the launch of several new products, the analyst tells investors in a research note. Adjusted EBITDA at Turtle Beach also grew due to operating leverage and cost synergies associated with the merger, and the company looks well set up for Q4 growth thanks to those factors as well as its continued international expansion, the firm added.