Why It's Time to Reconsider Turtle Beach Stock
Turtle Beach (NASDAQ: HEAR) doesn't get the same level of attention as its larger peers in the gaming peripherals market like Logitech International (NASDAQ: LOGI) and Corsair Gaming (NASDAQ: CRSR). But the company's profile rose in 2018 when Epic Games' Fortnite was all the rage, fueling a spike in demand for video gaming accessories. That year, the headset maker's revenue nearly doubled to $287 million. However, that growth spurt was short lived, and sales fell in 2019.
Now, though, Turtle Beach is on the upswing again. The combination of the pandemic's stay-at-home environment and the launch of Sony and Microsoft's new video game consoles sent its revenue to a new record last year. In 2021, the stock is up 67% year to date, and with the investments management has made to expand its product line over the last few years, Turtle Beach is better positioned for sustainable long-term growth.
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Source Fool.com
