Best Buy set for tenth straight quarter of sales drop on weak electronics spending
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Best Buy (BBY) PT Raised to $90 at Evercore ISI
May 31, 2024 5:02 AM EDTEvercore ISI analyst Greg Melich raised the price target on Best Buy (NYSE: BBY) to $90.00 (from $80.00) while maintaining a Outperform rating.
The analyst comments "Improved May sales (down 2-3%), and the mention of the start of a new AI led laptop cycle popped the stock 13%, back to where it was in March. 1Q comps of -6% underwhelmed, but EPS beat, driven by gross margins. The commentary on May comp trends, the innovation... More
Best Buy (BBY) PT Lowered to $90 at DA Davidson
May 30, 2024 3:57 PM EDTDA Davidson analyst Michael Baker lowered the price target on Best Buy (NYSE: BBY) to $90.00 (from $95.00) while maintaining a Buy rating.
The analyst comments "In a mixed day for retailers, both with respect to results and stock market performance, Best... More
