Cosair Gaming (CRSR) PT Lowered to $10 at Baird

Baird analyst Colin Sebastian lowered the price target on Cosair Gaming (NASDAQ: CRSR) to $10.00 (from $14.00) while maintaining a Neutral rating.

The analyst commented: "Corsair reported another challenging quarter, as it appears the market for self-built PCs is stagnating ahead of a GPU refresh cycle, which could happen later this year or
in early 2025. For now, broad trends remain fairly consistent: weak Components & Systems offset by stronger (growing) Peripherals. At this point, we believe Corsair will remain a "show me" story, depending on broader market trends, although we continue to see the company as well-positioned with quality products catering to secular growth end markets. Maintain Neutral."

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