Fintel reports that on July 31, 2023, Wedbush upgraded their outlook for Corsair Gaming (NASDAQ:CRSR) from Neutral to Outperform.
Analyst Price Forecast Suggests 1.08% Upside
As of July 6, 2023, the average one-year price target for Corsair Gaming is 18.68. The forecasts range from a low of 15.15 to a high of $22.05. The average price target represents an increase of 1.08% from its latest reported closing price of 18.48.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Corsair Gaming is 1,591MM, an increase of 17.99%. The projected annual non-GAAP EPS is 0.77.
What is the Fund Sentiment?
There are 338 funds or institutions reporting positions in Corsair Gaming. This is an increase of 5 owner(s) or 1.50% in the last quarter. Average portfolio weight of all funds dedicated to CRSR is 0.06%, an increase of 16.77%. Total shares owned by institutions increased in the last three months by 2.71% to 25,861K shares. The put/call ratio of CRSR is 0.51, indicating a bullish outlook.
What are Other Shareholders Doing?
IJR – iShares Core S&P Small-Cap ETF holds 2,933K shares representing 2.87% ownership of the company. In it’s prior filing, the firm reported owning 2,865K shares, representing an increase of 2.31%. The firm increased its portfolio allocation in CRSR by 34.50% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 1,232K shares representing 1.21% ownership of the company. In it’s prior filing, the firm reported owning 1,167K shares, representing an increase of 5.34%. The firm increased its portfolio allocation in CRSR by 31.91% over the last quarter.
Bank of New York Mellon holds 1,066K shares representing 1.04% ownership of the company. In it’s prior filing, the firm reported owning 753K shares, representing an increase of 29.37%. The firm decreased its portfolio allocation in CRSR by 78.89% over the last quarter.
NAESX – Vanguard Small-Cap Index Fund Investor Shares holds 1,054K shares representing 1.03% ownership of the company. In it’s prior filing, the firm reported owning 1,036K shares, representing an increase of 1.77%. The firm increased its portfolio allocation in CRSR by 32.13% over the last quarter.
Palisade Capital Management holds 975K shares representing 0.96% ownership of the company. In it’s prior filing, the firm reported owning 944K shares, representing an increase of 3.18%. The firm increased its portfolio allocation in CRSR by 40.38% over the last quarter.
Corsair Gaming Background Information
(This description is provided by the company.)
Corsair Gaming, Inc. is a leading global developer and manufacturer of high-performance gear and technology for gamers, content creators, and PC enthusiasts. From award-winning PC components and peripherals, to premium streaming equipment and smart ambient lighting, Corsair delivers a full ecosystem of products that work together to enable everyone, from casual gamers to committed professionals, to perform at their very best.
This article originally appeared on Fintel
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