Barclays Reaffirms Their Buy Rating on Corsair Gaming (CRSR)

Barclays analyst Mario Lu maintained a Buy rating on Corsair Gaming (CRSRResearch Report) on August 5 and set a price target of $19.00. The company’s shares closed last Friday at $16.34.

Lu covers the Technology sector, focusing on stocks such as Match Group, Duolingo, and Spotify Technology SA. According to TipRanks, Lu has an average return of -14.3% and a 33.77% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Corsair Gaming with a $18.00 average price target, which is a 10.16% upside from current levels. In a report released on August 5, Wedbush also maintained a Buy rating on the stock with a $19.00 price target.

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The company has a one-year high of $30.77 and a one-year low of $12.23. Currently, Corsair Gaming has an average volume of 692.1K.

Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CRSR in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Corsair Gaming Inc is engaged in the business of providing high-performance gear for gamers and content creators. The product portfolio includes Cases, Keyboards, Mice, Headsets, Power Supplies, Gaming Computers, Gaming Chairs, Mouse pads, and other related products. The company operates in two segments namely, Gamer and Creator peripherals and gaming Components and systems.

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