CGS-CIMB shaves Razer target price to HK$2.88 on challenges in hardware segment
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RAZER will likely face challenges in its hardware business due to slowing demand on top of supply chain constraints and surge in logistic costs, said CGS-CIMB.
In a report on Thursday (Mar 17), analyst Ray Kwok lowered his target price on the consumer electronics company to HK$2.88 from HK$3.90, after he cut his earnings per share estimates by 27 per cent for FY2022 and 29 per cent for FY2023. He maintained his "add" call on the counter.
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