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2021-10-08
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Undervalued Corsair Gaming: a Meme Stock That Isn't One?
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{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":823545765,"tweetId":"823545765","gmtCreate":1633651576864,"gmtModify":1633651577190,"author":{"id":3562791266647459,"idStr":"3562791266647459","authorId":3562791266647459,"authorIdStr":"3562791266647459","name":"Atsc89","avatar":"https://static.tigerbbs.com/9ec47b1c36e59ba1ef8caac8ab619319","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":19,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>Like</p></body></html>","htmlText":"<html><head></head><body><p>Like</p></body></html>","text":"Like","highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/823545765","repostId":1142831373,"repostType":4,"repost":{"id":"1142831373","kind":"news","pubTimestamp":1633650912,"share":"https://www.laohu8.com/m/news/1142831373?lang=&edition=full","pubTime":"2021-10-08 07:55","market":"us","language":"en","title":"Undervalued Corsair Gaming: a Meme Stock That Isn't One?","url":"https://stock-news.laohu8.com/highlight/detail?id=1142831373","media":"TheStreet","summary":"According to Wall Street, Corsair Gaming stock is far from its fair value and investors should expec","content":"<p>According to Wall Street, Corsair Gaming stock is far from its fair value and investors should expect gains ahead. Wall Street Memes discusses the opportunity.</p>\n<p>Corsair Gaming stock shares one key feature with the likes of AMC and GameStop: they have been very popular on the main discussion boards lately. However, business fundamentals and recent price action suggest that CRSR does not quite deserve the label “meme stock”.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b4524f69dcb99f2a1c856c0c42af1061\" tg-width=\"1240\" tg-height=\"698\" width=\"100%\" height=\"auto\"><span>Figure 1: Corsair gaming PC.</span></p>\n<p>CRSR probably draws the attention of the Reddit crowd due to its very high short interest of 37% of the float, along with cheap valuations. Partly for these reasons, Wall Street analysts have been calling for significant upside potential in Corsair stock, as we detail below.</p>\n<p><b>Bullishness despite earnings miss</b></p>\n<p>Based on four reports in the last 2 months, Corsair stock has a consensus share price target of $39, which implies 52% upside from current levels. Three out of four analysts rate the stock a buy, while one of them holds a neutral stance.</p>\n<p>Despite advocating for 63% upside potential and a buy recommendation,<b>Barclays</b> analyst Mario Lu lowered his price target to $42 from $47 recently. The second quarter earnings miss weighed on his price projection, especially due to lack of guidance. However, he highlighted that Corsair gained share in the components category in Q2 and maintaining share in peripherals, while the entire industry faced increasing shipping costs.</p>\n<p><b>Baird</b> analyst Colin Sebastian was another who lowered the firm's price target to $38 from $48. The analyst still recommends a buy based on longer-term prospects. The pros of investing, which include new product introductions and direct-to-consumer opportunities, outweigh the current supply chain bottlenecks and higher logistics and freight costs.</p>\n<p>The last bull on the radar is <b>Wedbush</b>’s Michael Pachter. The analyst pulled back on his very bullish $55 price target but maintained his buy recommendation, following Corsair second quarter earnings results miss. Still, the analyst sees upside potential of over 70%.</p>\n<p>The skeptical one is <b>Credit Suisse’</b>s Matthew Cabral, who lowered his price target to $31 from $43 and also downgraded the stock from buy to neutral. Weighing on his decision were a revenue and EBITDA misses, while Gaming and Creator Peripherals sales growth decelerated. The analyst suggested that fading tailwinds from the stay-at-home days impacted Corsair’s demand.</p>\n<p><b>Wall Street Memes view</b></p>\n<p>Even with a slightly miss on second quarter results, Corsair Gaming remained a solid bet in the eyes of Wall Street experts. Trailing P/E of 14 times compares favorably to an average P/E of 25 times in the gaming industry. Considering solid growth opportunities – global gaming is expected to reach $257 billion by 2025 – Corsair’s earnings multiple does not look overly stretched.</p>\n<p>Lastly,short interest of 37% of the float seems too high for a decent company that is far from being in trouble. Due to CRSR being a short selling target, bulls could benefit not only from the strong business fundamentals, but also from a possible short squeeze ahead.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Undervalued Corsair Gaming: a Meme Stock That Isn't One? </title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUndervalued Corsair Gaming: a Meme Stock That Isn't One? \n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-08 07:55 GMT+8 <a href=https://www.thestreet.com/memestocks/other-memes/corsair-stock-has-50-upside-says-wall-street><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>According to Wall Street, Corsair Gaming stock is far from its fair value and investors should expect gains ahead. Wall Street Memes discusses the opportunity.\nCorsair Gaming stock shares one key ...</p>\n\n<a href=\"https://www.thestreet.com/memestocks/other-memes/corsair-stock-has-50-upside-says-wall-street\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CRSR":"Corsair Gaming, Inc."},"source_url":"https://www.thestreet.com/memestocks/other-memes/corsair-stock-has-50-upside-says-wall-street","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142831373","content_text":"According to Wall Street, Corsair Gaming stock is far from its fair value and investors should expect gains ahead. Wall Street Memes discusses the opportunity.\nCorsair Gaming stock shares one key feature with the likes of AMC and GameStop: they have been very popular on the main discussion boards lately. However, business fundamentals and recent price action suggest that CRSR does not quite deserve the label “meme stock”.\nFigure 1: Corsair gaming PC.\nCRSR probably draws the attention of the Reddit crowd due to its very high short interest of 37% of the float, along with cheap valuations. Partly for these reasons, Wall Street analysts have been calling for significant upside potential in Corsair stock, as we detail below.\nBullishness despite earnings miss\nBased on four reports in the last 2 months, Corsair stock has a consensus share price target of $39, which implies 52% upside from current levels. Three out of four analysts rate the stock a buy, while one of them holds a neutral stance.\nDespite advocating for 63% upside potential and a buy recommendation,Barclays analyst Mario Lu lowered his price target to $42 from $47 recently. The second quarter earnings miss weighed on his price projection, especially due to lack of guidance. However, he highlighted that Corsair gained share in the components category in Q2 and maintaining share in peripherals, while the entire industry faced increasing shipping costs.\nBaird analyst Colin Sebastian was another who lowered the firm's price target to $38 from $48. The analyst still recommends a buy based on longer-term prospects. The pros of investing, which include new product introductions and direct-to-consumer opportunities, outweigh the current supply chain bottlenecks and higher logistics and freight costs.\nThe last bull on the radar is Wedbush’s Michael Pachter. The analyst pulled back on his very bullish $55 price target but maintained his buy recommendation, following Corsair second quarter earnings results miss. Still, the analyst sees upside potential of over 70%.\nThe skeptical one is Credit Suisse’s Matthew Cabral, who lowered his price target to $31 from $43 and also downgraded the stock from buy to neutral. Weighing on his decision were a revenue and EBITDA misses, while Gaming and Creator Peripherals sales growth decelerated. The analyst suggested that fading tailwinds from the stay-at-home days impacted Corsair’s demand.\nWall Street Memes view\nEven with a slightly miss on second quarter results, Corsair Gaming remained a solid bet in the eyes of Wall Street experts. Trailing P/E of 14 times compares favorably to an average P/E of 25 times in the gaming industry. Considering solid growth opportunities – global gaming is expected to reach $257 billion by 2025 – Corsair’s earnings multiple does not look overly stretched.\nLastly,short interest of 37% of the float seems too high for a decent company that is far from being in trouble. Due to CRSR being a short selling target, bulls could benefit not only from the strong business fundamentals, but also from a possible short squeeze ahead.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1453,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/823545765"}
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