Stifel lowered the firm’s price target on Corsair Gaming to $16 from $17 and keeps a Buy rating on the shares. The company’s recently reported Q4 results came in slightly below estimates, with outperformance in the Gamer & Creator Peripherals segment, margin improvement, and solid balance sheet offset by moderating growth for the Components & Systems segment, the analyst tells investors. The company also provided preliminary FY24 guidance, which led the firm to adjust its FY24 estimates lower.
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