Corsair shares are trading lower after the company reported preliminary financial results below estimates. Also, Baird maintained a Neutral rating on the stock and lowered its price target from $14 to $10.
Portfolio Pulse from Benzinga Newsdesk
Corsair shares are trading lower after the company reported preliminary financial results below estimates. Baird maintained a Neutral rating on the stock and lowered its price target from $14 to $10.
July 19, 2024 | 11:40 am
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NEGATIVE IMPACT
Corsair's preliminary financial results fell short of estimates, leading to a drop in share price. Baird maintained a Neutral rating but lowered the price target from $14 to $10.
The preliminary financial results missing estimates is a negative indicator for investors, leading to a drop in share price. Additionally, Baird's decision to lower the price target from $14 to $10, while maintaining a Neutral rating, further reinforces the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100