Assessing Corsair Gaming: Insights From 6 Financial Analysts
Portfolio Pulse from Benzinga Insights
Corsair Gaming (NASDAQ:CRSR) has received mixed analyst ratings over the past three months, with a decrease in the average 12-month price target from $13.83 to $10.5. Analysts have lowered their ratings and price targets, reflecting challenges such as a 19.71% revenue decline and below-average ROE and ROA. Despite these challenges, Corsair maintains a strong net margin and a sound debt-to-equity ratio.
September 25, 2024 | 1:00 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Corsair Gaming has seen a reduction in its average 12-month price target from $13.83 to $10.5, with analysts lowering their ratings due to a 19.71% revenue decline and below-average ROE and ROA. Despite these challenges, Corsair maintains a strong net margin and a sound debt-to-equity ratio.
The reduction in the average price target and the lowering of ratings by multiple analysts indicate a negative sentiment towards Corsair Gaming's short-term performance. The significant revenue decline and below-average ROE and ROA contribute to this outlook. However, the company's strong net margin and sound debt management provide some positive aspects, but they are overshadowed by the negative factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100