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Investing.com - Barclays (LON:BARC) has raised its price target on Corsair Gaming (NASDAQ:CRSR) to $12.00 from $10.00 while maintaining an Overweight rating following the company’s second-quarter results. According to InvestingPro data, the stock has shown strong momentum with a 34% gain year-to-date, and analysis suggests the stock is currently undervalued.
Corsair Gaming reported better-than-expected second-quarter 2025 results, driven by improved margins and double-digit growth in its Components and Systems segments. The company demonstrated margin expansion across all three of its business segments on a year-over-year basis, with overall gross margins reaching 25.45%. InvestingPro analysis reveals that two analysts have recently revised their earnings estimates upward, and the company is expected to return to profitability this year.
The gaming hardware manufacturer emphasized its approach to mitigating tariff impacts, which were a key focus during the earnings call. Corsair noted that an improved mix of higher-growth products helped boost both gross profits and gross margins during the quarter.
Corsair Gaming continued to reduce its debt, ending the quarter with $125 million in outstanding debt. The company also reaffirmed its commitment to managing operating expenses while pursuing long-term growth opportunities.
While Corsair withdrew its quarterly guidance last quarter due to tariff uncertainties, the company maintained its full-year revenue guidance of $1.4-1.6 billion for 2025.
In other recent news, Corsair Gaming Inc . reported its financial results for the second quarter of 2025, showcasing a mixed performance. The company announced earnings per share (EPS) of $0.01, which fell short of the anticipated $0.03, resulting in a 66.67% negative surprise. Despite this, Corsair Gaming’s revenue exceeded expectations, reaching $320 million compared to the forecasted $312.38 million. These recent developments highlight the company’s ability to generate higher-than-expected revenue, even as earnings per share lagged behind projections. The mixed results reflect both challenges and opportunities for Corsair Gaming in the current market environment. Investors and analysts will likely be closely monitoring the company’s future performance and strategic decisions. Such financial outcomes often lead to varied interpretations among market participants. Analyst reactions and potential stock rating changes could follow as more insights are gained from Corsair’s financial disclosures.
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