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DA Davidson out positive on Turtle Beach; HEAR +7.5%

Sep. 21, 2018 2:07 PM ETTurtle Beach Corporation (HEAR) StockHEARBy: Brandy Betz, SA News Editor2 Comments
  • 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.

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