Corsair Gaming (CRSR – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Doug Creutz from TD Cowen maintained a Hold rating on the stock and has a $11.00 price target.
Doug Creutz has given his Hold rating due to a combination of factors impacting Corsair Gaming’s financial outlook. The company reported first-quarter results that exceeded revenue expectations but fell short on EBITDA due to a shift in product mix towards components rather than peripherals. This shift affected margins, although the components segment showed a rebound with improved sales and margins.
Additionally, Corsair’s management did not reaffirm their fiscal year 2025 guidance due to uncertainties surrounding tariffs, although they indicated they are on track to meet original targets if current conditions persist. The company has been proactive in managing tariff risks by diversifying manufacturing locations and building inventory. Despite these efforts, the uncertainty around tariffs and their potential impact on costs and supply chains contributes to the Hold rating, as these factors could influence future performance.