Corsair Gaming: Increasingly Attractive, But Volatile, After Stock Crash

  • Corsair Gaming's Q1 finally showed a return to great component sales growth. At the same time, peripheral sales growth slowed down despite the Fanatec acquisition. While Corsair's operating momentum has been strengthening, tariff pressure caused the company to withdraw the 2025 guidance amid policy uncertainty. After the stock's crash, I estimate CRSR to have 36% upside to a fair value of $9.35. Due to a highly volatile outlook, I still remain cautious for now.