Keep an eye on Corsair Gaming Inc. (CRSR).
The company designs, markets, and distributes gaming and streaming peripherals, components and systems in the Americas, Europe, the Middle East, and the Asia Pacific. The company offers gamer and creator peripherals, including gaming keyboards, mice, headsets, and controllers, as well as capture cards, studio accessories, and others. It also provides gaming components and systems comprising power supply units, cooling solutions, computer cases, and DRAM modules, as well as prebuilt and custom-built gaming PCs, and others; and PC gaming software comprising iCUE for gamers and Elgato’s streaming suite for content creators.
At the moment, the stock is picking up momentum, as a play on the fast-growing eSports and PC gaming markets.
“Corsair is a leading consumer hardware company selling into strong secular growth end markets including video games, esports, and online streaming,” Baird analyst Colin Sebastian said in a note to clients, as quoted by MarketWatch. “With a strong brand, culture of innovation, and rapid refresh cycle (over 15 new products launched this year), Corsair is well positioned, in our view, to gain market share within higher-margin peripherals categories and to maintain share in core components and systems.”
- Wedbush also initiated coverage with an outperform rating and a $25 price target.
- Goldman Sachs initiated with a buy rating and a target of $32.
- Barclays initiated with an outperform rating with a target of $24.
- Cowen initiated with an outperform rating with a target of $24.
