B. Riley Begins Coverage of Turtle Beach with a Buy Rating and $21 Price Target

Written by Emily J. Thompson, Senior Investment Analyst

Source: Yahoo Finance

Updated: Oct 02 2025

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TBCH+2.2%

Should l Buy TBCH?

Source: Yahoo Finance

Stock Rating: Turtle Beach (TBCH) has an average rating of "buy" from analysts.
Price Target: The mean price target for Turtle Beach is set at $18.75.

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Analyst Views on TBCH

Wall Street analysts forecast TBCH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TBCH is 19.75 USD with a low forecast of 18.00 USD and a high forecast of 21.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

4 Analyst Rating

4 Buy

0 Hold

0 Sell

Strong Buy

Current: 11.810

Low

18.00

Averages

19.75

High

21.00

Current: 11.810

Low

18.00

Averages

19.75

High

21.00

Roth Capital

Sean McGowan

Buy

maintain

$22 -> $20

2025-11-24

Reason

Roth Capital

Sean McGowan

Price Target

$22 -> $20

AI Analysis

2025-11-24

maintain

Buy

Reason

Roth Capital analyst Sean McGowan lowered the firm's price target on Turtle Beach to $20 from $22 but keeps a Buy rating on the shares after meeting with its CEO and CFO last week. The management team reflected on the company's successful integration of last year's PDP acquisition, coupled with disciplined product introductions and spending, which resulted in significantly higher profit margins in a "non-boom" revenue year, the analyst tells investors in a research note. Roth adds however that it is reducing its above-guidance sales and adjusted EBITDA estimates for Q4 and beyond, reflecting disappointing initial sales of a key gaming title and overall softer-than-expected consumer spending.

Oppenheimer

Outperform

maintain

$19 -> $20

2025-11-10

Reason

Oppenheimer

Price Target

$19 -> $20

2025-11-10

maintain

Outperform

Reason

Oppenheimer raised the firm's price target on Turtle Beach to $20 from $19 and keeps an Outperform rating on the shares. The firm notes the company reported Q3 results in line with consensus estimates. Revenue declined 15% year-over-year and gross margin expanded by about 120bps year-over-year. Management reiterated its 2025 guidance range after a series of changes to its supply chain and pricing during Q3. The gaming accessory market remained in a downturn, though the rate of decline is moderating sequentially. Looking ahead, Oppenheimer anticipates a market recovery in 2026, driven by console cycles and major new game releases.

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About TBCH

Turtle Beach Corporation is an audio and gaming technology company. The Company is engaged in developing, commercializing, and marketing products under the Turtle Beach and ROCCAT brands. The Company is a provider of headset solutions for use across multiple platforms, including video game and entertainment consoles, handheld consoles, personal computers (PC), tablets and mobile devices. Its PC peripherals brand, ROCCAT, creates PC gaming keyboards, mice and other gaming accessories focused on the PC gaming market. The Turtle Beach brand has a market of gaming headsets with a portfolio of headsets for Xbox, PlayStation, and Nintendo consoles, as well as for PCs and mobile/tablet devices. It also includes the Neat Microphones brand, which creates, manufactures, and sells digital universal serial bus (USB) and analog microphones for streamers and content creators. Its subsidiaries include VTB Holdings, Inc., Voyetra Turtle Beach, Inc., Turtle Beach Europe Limited and PDP France SARL.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Roth Capital Reaffirms Buy Rating for Turtle Beach, Adjusts Price Target to $20

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Turtle Beach (TBCH) Falls Short of Q3 Earnings and Revenue Projections

Nov 07 2025NASDAQ.COM

Earnings Performance: Turtle Beach (TBCH) reported quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.15, and showing a decline from $0.16 per share a year ago. The company has surpassed consensus EPS estimates twice in the last four quarters.
Revenue Results: The company posted revenues of $80.46 million for the quarter, slightly missing the Zacks Consensus Estimate and down from $94.36 million year-over-year. Turtle Beach has only topped revenue estimates once in the last four quarters.
Stock Outlook: Turtle Beach shares have decreased by 8.3% since the start of the year, contrasting with the S&P 500's 15.6% gain. The stock currently holds a Zacks Rank #3 (Hold), indicating expected performance in line with the market.
Industry Context: The Computer - Peripheral Equipment industry ranks in the top 11% of Zacks industries, suggesting a favorable outlook. Investors are advised to monitor earnings estimate revisions, which can significantly influence stock performance.

Synopsys Analyst Starts Coverage with a Bearish Outlook; Check Out the Top 5 Initiations for Thursday

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Analyst Ratings Initiations: JP Morgan initiated coverage on Absci Corporation with an Overweight rating, while Cantor Fitzgerald did the same for Context Therapeutics Inc. Both companies saw their shares close at $3.13 and $0.9699, respectively.
Neutral and Buy Ratings: B. Riley Securities initiated coverage on Corsair Gaming with a Neutral rating and a price target of $10, and on Turtle Beach Corporation with a Buy rating and a price target of $21, with shares closing at $8.65 and $15.59, respectively.
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Market Overview: The article provides a snapshot of various companies' stock performances and analyst outlooks, highlighting significant changes in ratings and price targets.

Significant Thursday Options Trading: MSTR, RKT, TBCH

Oct 02 2025NASDAQ.COM

Rocket Companies Inc Options Activity: Rocket Companies Inc (RKT) has seen a significant options volume of 620,577 contracts today, equating to 204.9% of its average daily trading volume, with notable activity in the $24.20 strike call option expiring January 16, 2026.
Turtle Beach Corp Options Activity: Turtle Beach Corp (TBCH) has recorded an options volume of 2,424 contracts today, representing 108.9% of its average daily trading volume, with high activity in the $17.50 strike put option expiring October 17, 2025.