Turtle Beach

TBCH · NASDAQ

$15.95+$0.42 (+2.70%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $15.53

TBCH analyst rating

BuyConsensus of 4 analysts over the last 12 months. 75% rate it a buy.

Strong buy0
Buy3
Hold1
Underperform0
Sell0

12-month price target · 7 analysts

Average $16.73 (+4.9% upside)

Low: $11.11
Now: $15.95
High: $22.05

Upgrades and downgrades

The latest rating actions, newest first

TBCH analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Wedbush	Mar 16, 2026	Maintains	Neutral	$14.00 → $11.00	56%
B. Riley Securities	Mar 13, 2026	Maintains	Buy	$20.00 → $17.00	59%
Oppenheimer	Mar 13, 2026	Maintains	Outperform	$20.00 → $18.00	56%
B. Riley Securities	Mar 10, 2026	Maintains	Buy	$21.00 → $20.00	59%
Wedbush	Mar 9, 2026	Maintains	Neutral	$14.00	56%
Roth Capital	Nov 24, 2025	Maintains	Buy	$22.00 → $20.00	43%
Wedbush	Nov 7, 2025	Maintains	Neutral	$13.50 → $14.00	56%

The case for and against

Updated Aug 25, 2026

Bull case

Turtle Beach is expected to experience growth in revenue and adjusted EBITDA of about 8% and 25% respectively in 2026, aided by the favorable mix of product offerings resulting in improved average selling prices. The company's long-term financial goals of a 10%+ revenue CAGR, mid-to-high 30% gross margin and mid-to-high-teens AEBITDA margins remain unchanged, providing a positive outlook for further growth. Based on the introduction of estimates for 2027 and the company's plans to release a new console in late CY27, it is anticipated that Turtle Beach will continue to perform well in the long-term. However, it's worth noting that the company's reliance on consumer spending may make it vulnerable to shifts in macroeconomic conditions.

Bear case

Turtle Beach is facing a number of fundamental challenges that could negatively impact its financial performance. The company's reliance on the North American market, particularly during the holiday season, makes it vulnerable to any weakness in the gaming accessory market. Additionally, the company's revenue has been declining and is expected to continue doing so in the near-term, and the recent departure of a board member and changes to the BoD could add uncertainty to the company's future strategy and operations. Furthermore, Turtle Beach's high customer concentration, reliance on Microsoft's IP, and potential supply chain disruptions further increase the company's risk profile.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.