Wedbush lowered the firm’s price target on Corsair Gaming to $18 from $21 and keeps an Outperform rating on the shares following quarterly results. Corsair has a defensible niche in gaming peripherals driven by a small but dedicated base of hard-core gamers. The firm also believes Corsair is well positioned with its product and geographical mix as its domestic market begins to rebound from a macro-driven slowdown over the past two years, while its European market is quickly building momentum.
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