Several analysts raised the price target onBest Buy Co., Inc.(NYSE:BBY) following better-than-expected second-quarter financial results reported Thursday.
Best Buy reported fiscal second-quarter adjusted EPS of $1.34, beating the street view of $1.16, and sales of $9.29 billion beat the analyst consensus of $9.24 billion.
The company raised the fiscal 2025 adjusted EPS outlook to $6.10—$6.35 (prior $5.75-$6.20) vs. the $6.08 estimate and cut the high end of its prior revenue outlook to $41.3 billion-$41.9 billion (prior $41.3 billion—$42.6 billion) vs. the $41.81 billion estimate.
J.P. Morgananalyst Christopher Horvers maintained an Overweight rating and raised the price target from $101 to $111.
The analyst notes...
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