Corsair Gaming: 73% Upside Despite Our Very Conservative Valuation

Corsair Gaming Inc. (NASDAQ:CRSR), was recently dubbed a meme stock. However, we see it as a company with strong fundamentals that is greatly undervalued. Undoubtedly, Corsair received a boost from COVID-19 which led to a jump in revenue growth that was unsustainable. However, even at a reduced growth rate, it still has room for plenty of upside. ​

Here are the main points of this report: 

• Many growth catalysts will act as tailwinds for the company. 
  
• Corsair has a measurable competitive advantage. 
  
• A very conservative DCF model suggests the company is very undervalued. 
  
• The company is founder-led, which is another reason it can outperform in the long run. 
  

 
*This is a premium seeking alpha article, so we can’t fully post it here.*   ​

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