Roth MKM keeps a Buy rating and $16 price target on Turtle Beach ahead of its Q1 results, noting that revenue will decline slightly as recent data suggest that the U.S. retail sales of gaming accessories were flat from last year and the pressure in Europe market appears to continue. The firm adds however that sales growth will accelerate after Q1, resulting in full year sales growth of 15% and a $20M improvement in adjusted EBITDA, while pressure from activists may also catalyze events that optimize shareholder value.
Published first on TheFly
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