- DA Davidson is out positive on Turtle Beach (NASDAQ:HEAR) after strong Fortnite player data. The game achieved a monthly record of 78.3M players in August.
- Analyst Tom Forte also remains bullish on Turtle Beach’s near-term outlook due to favorable reviews for Call of Duty’s new battle royale mode and recent GameStop headset sales commentary.
- During GameStop’s Q2 call earlier this month, CFO and COO Robert Lloyd said: “Our headset sales were up over 80%. Gamers want that better headset in order to play Fortnite.”
- Firm reiterates a Buy rating and $38 target for Turtle Beach.
- Source: StreetAccount.
- Turtle Beach shares are up 7.5% to $21.62.