TD Cowen analyst Doug Creutz maintains $Corsair Gaming (CRSR.US)$ with a hold rating, and adjusts the target price from $10 to $9.
According to TipRanks data, the analyst has a success rate of 64.0% and a total average return of 17.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Corsair Gaming (CRSR.US)$'s main analysts recently are as follows:
A reduction in gross margins for gaming components and systems was identified as the reason for Corsair Gaming's shortfall in bottom line metrics, despite achieving revenues that met expectations.
Corsair Gaming's Q3 results fell short of consensus expectations in terms of revenue and EBITDA, mainly as a result of shifts in their product mix toward lower-margin components.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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