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Wedblush upgrades Corsair Gaming to ‘outperform’; stock shoots up 5.4%
Summary
Computer component seller Corsair Gaming (NASDAQ: CRSR) received a rating upgrade from Wedblush Securities ahead of its earnings release. The brokerage had previously given Corsair a ‘neutral’ rating and had maintained a price target of US$17.5, which was raised to US$21.
Corsair provides high-performance gear for gamers and content creators. Some of the company’s products include keyboards, mice, headsets, and gaming computers. Corsair has a market cap of US$1.88 million.
As per data available on Refinitiv, CRSR has a mean recommendation rating of 2.3 on a scale of one to five. Here, one represents a ‘strong buy’ rating and five represents a strong ‘sell rating’.
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