Best Buy shares surge 11% on earnings beat despite sales decline

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Go back to Best Buy shares surge 11% on earnings beat despite sales decline

Best Buy (BBY) double-upgraded at Citi as it sees positive catalyst path

June 3, 2024 7:03 AM EDT

Citi analysts double-upgraded Best Buy (NYSE: BBY) to Buy from Sell in a note Monday raising the price target to $100 per share from $67, highlighting what it sees as a positive catalyst path from here.

The bank believes there is upside potential to... More

Best Buy (BBY) PT Raised to $90 at Evercore ISI

May 31, 2024 5:02 AM EDT

Evercore 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 EDT

DA 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