Turtle Beach Seen Benefiting From Holiday Gaming Headset Sales

▤ Summary

A Wall Street analyst on Wednesday pounded the table for Turtle Beach stock, saying retail data pointed to strong sales of gaming headsets this holiday season.Davidson analyst Tom Forte reiterated his buy rating on Turtle Beach ( HEAR ) with a 12- to 18-month price target of 30.Sales of video game hardware, software and accessories totaled $1.55 billion in October, up 73%, NPD analyst Mat Piscatella said in a report late Tuesday.Hot games like "Call of Duty: Black Ops 4" from Activision Blizzard ( ATVI ) and "Red Dead Redemption 2" from Take-Two Interactive Software ( TTWO ) fueled the big increase.GameStop plans to use proceeds from the sale to support its core business of video games and pop culture collectibles.

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