- Razer continues to move towards profitability. Recently, Razer introduced a gaming keyboard, mouse, chair, and even a Covid mask that amplifies voice and allows air flow.
- Over the past five years, Razer has yet to earn a profit, but revenues are increasing 20% a year.
- Assuming costs are held down, I expect profit by year end 2021, and Razer CEO Min-Liang Tan is confidently forecasting profit for 2020.
- Using a P/E, P/Sales, and discounted earnings model, estimated value is $9.45 with a one-year target price of $10.58. This is a 50%+ upside based on current $7 price.
For further details see:
Razer Could Be A Sharp Buy