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Investing.com - Turtle Beach Corporation (NASDAQ:HEAR) received a new Buy rating from B.Riley on Thursday, with analyst Drew Crum setting a $21.00 price target for the gaming accessories maker. The target represents significant upside potential from the current price of $15.59, with analyst targets ranging from $13.50 to $22.00. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value assessment.
The rating initiation comes as B.Riley expects Turtle Beach to achieve record financial results in 2026 and beyond, citing multiple growth catalysts in the gaming industry. The company’s strong financial health is evidenced by its perfect Piotroski Score of 9 and impressive revenue growth of 24% over the last twelve months.
As the leading console gaming headset manufacturer for Sony and Microsoft platforms, Turtle Beach is positioned to benefit from an improved lineup of game releases in coming quarters, including Grand Theft Auto VI scheduled for May 2026.
B.Riley also highlighted Turtle Beach’s higher exposure to Nintendo compared to public peers, noting that a successful Nintendo Switch 2 launch could further boost the company’s performance.
The research firm expressed additional optimism about the potential "Gen 6" console cycle, possibly beginning in 2027, pointing to historically strong demand patterns during hardware transitions that could benefit Turtle Beach’s business.
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