What happened Shares of Corsair Gaming (NASDAQ: CRSR) popped today, up 12% as of 12:15 p.m. EDT, after the company received another bullish initiation from Wall Street. Corsair, which provides hardware for gamers and live streamers, went public a little less than a month ago. So what Wedbush initiated coverage on Corsair with an outperform rating. Analyst Michael Pachter assigned a $25 price target, which represents approximately 25% potential upside from yesterday's close. Corsair has a "solid niche" market that consists of a "small, but dedicated base of hard core gamers." While most larger rivals address broader markets, Corsair focuses primarily on serving the esports market. Image source: Corsair. Pachter lays out a path for Corsair to sustainably generate 10% revenue growth, on average, in the years ahead. The company would just need to capture 1% of the live-streaming market in order to sell an incremental 10 million gaming controllers per year at over $50 per unit. Now what The Wedbush call comes after Corsair received a slew of other bullish initiations yesterday, including: Goldman Sachs: Initiates with a buy rating and price target of $32. Baird: Initiates with outperform rating and price target of $23. Barclays: Initiates with overweight rating and price target of $24. Stifel Nicolaus: Starts with buy rating and price target of $24. Cowen: Initiates at outperform with price target of $24. Credit Suisse: Initiates with outperform rating and price target of $24. Perhaps adding to the bullish sentiment in the space, Logitech (NASDAQ: LOGI), which is one of Corsair's chief rivals, reported blowout second-quarter results yesterday, driven in part by strength in gaming peripherals. 10 stocks we like better than Corsair Gaming, Inc.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Corsair Gaming, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of September 24, 2020 Evan Niu, CFA has no position in any of the stocks mentioned. The Motley Fool recommends Logitech International. The Motley Fool has a disclosure policy.Source