TD Cowen lowered the firm’s price target on Corsair Gaming (CRSR) to $9 from $10 and keeps a Hold rating on the shares. The firm said they reported Q3 results that were below our estimates and consensus on revenue and EBITDA primarily due to mix shifts to lower-margin components.
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Read More on CRSR:
- Corsair Gaming price target lowered to $9 from $14 at Barclays
- Corsair Gaming Announces Q3 2024 Financial Results
- Corsair Gaming reports Q3 adjusted EPS (29c), consensus 6c
- Corsair Gaming backs FY24 revenue view $1.25B-$1.35B, consensus $1.3B
- Corsair Gaming price target lowered to $8 from $10 at Baird