Buy This Undervalued Stock Before Everyone Else Does
Corsair Gaming (NASDAQ: CRSR) has benefited from a surge in new upgrades from players in the video game market over the last few years. The computer peripherals and hardware company achieved an annual revenue run rate of $2 billion through the first half of the year, which is nearly double the $1.1 billion generated in 2019. Guidance calls for 2021 revenue to increase between 12% and 23% over 2020.
These expectations look very strong on top of the 55% growth in 2020, when the stay-at-home environment was causing engagement with video games to reach unprecedented levels. But over the long term, management sees more growth from market share gains in an expanding business for gaming peripherals.
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Source Fool.com
