Best Buy warns of potential price hikes as fresh US tariffs roll in, shares slump
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Best Buy (BBY) PT Lowered to $80 at Evercore ISI
March 5, 2025 5:14 AM ESTEvercore ISI analyst Greg Melich lowered the price target on Best Buy (NYSE: BBY) to $80.00 (from $95.00) while maintaining a In Line rating.
The analyst comments "Negative comps and margin erosion in 1Q but flat to up comps and margins for the year the slope of hope is back. Best Buys competitive and industry sales pressures remain, which ultimately makes holding margins above 4% tougher each year. Fiscal 2025 marks the third consecutive year of negative comps. Fiscal 26's guide looks for a flat to positive comp (a nice turn), yet the fears of what... More
Best Buy (BBY) PT Lowered to $110 at DA Davidson
March 4, 2025 4:06 PM ESTDA Davidson analyst Michael Baker lowered the price target on Best Buy (NYSE: BBY) to $110.00 (from $117.00) while maintaining a Buy rating.
The analyst comments "Best Buy beat on the top and bottom lines as the consumer electronics product cycle begins taking shape. The 2025... More
Best Buy (BBY) PT Lowered to $92 at Jefferies
March 4, 2025 1:15 PM ESTJefferies analyst Jonathan Matuszewski lowered the price target on Best Buy (NYSE: BBY) to $92.00 (from $106.00) while maintaining a Buy rating.
The analyst comments "The replacement cycle remains intact with positive comps for the first time in 13 quarters. Cost discipline is... More
