Corsair's acquisition of Fanatec should 'round out' racing portfolio: Baird

seekingalpha09-26

Corsair Gaming's (NASDAQ:CRSR) acquisition of Fanatec should "round out" its portfolio of racing game products, Baird said. "We believe the acquisition of Fanatec helps Corsair round out its portfolio...

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Terms of the acquisition were not disclosed but Endor, the parent company of Fanatec, reported that it had roughly $110M in product sales in 2023. Additionally, Corsair said the market for simulated racing components is roughly $1B and growing. In addition to the acquisition,","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"CRSR":"Corsair Gaming, Inc.","BK4170":"电脑硬件、储存设备及电脑周边","BK4585":"ETF&股票定投概念","BK4547":"WSB热门概念","BK4588":"碎股"},"translate_title":"贝尔德：Corsair收购Fanatec应该会“完善”赛车产品组合","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CRSR":0.9},"content_text":"Corsair Gaming's (NASDAQ:CRSR) acquisition of Fanatec should \"round out\" its portfolio of racing game products, Baird said. \"We believe the acquisition of Fanatec helps Corsair round out its portfolio of sim racing peripherals, and establishes the company as one of the leading providers of hardware in popular genres of video games,\" analyst Colin Sebastian wrote in a note to clients.  \"While we continue to see catalysts ahead from new graphics chips and blockbuster video game releases, we also recognize the market for components remains mixed, and we are slightly lowering our longer-term growth expectations for this segment of the business.\" Sebastian has a Neutral rating on Corsair but lowered his price target to $8 from $10. Terms of the acquisition were not disclosed but Endor, the parent company of Fanatec, reported that it had roughly $110M in product sales in 2023. Additionally, Corsair said the market for simulated racing components is roughly $1B and growing. In addition to the acquisition, Corsair is awaiting a GPU refresh from companies like AMD (AMD) and Nvidia (NVDA), which Sebastian said \"could be a meaningful catalyst for new hardware and component sales.\" Corsair shares fell 2.1% in midday trading on Wednesday","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2470294414"}