On Nov 27, major Wall Street analysts update their ratings for $Best Buy (BBY.US)$, with price targets ranging from $80 to $115.
Morgan Stanley analyst Simeon Gutman maintains with a hold rating, and maintains the target price at $105.
BofA Securities analyst Robert Ohmes maintains with a sell rating, and maintains the target price at $80.
Citi analyst Steven Zaccone maintains with a buy rating, and maintains the target price at $101.
Barclays analyst Seth Sigman maintains with a hold rating, and adjusts the target price from $81 to $95.
UBS analyst Michael Lasser maintains with a buy rating, and adjusts the target price from $123 to $115.
Furthermore, according to the comprehensive report, the opinions of $Best Buy (BBY.US)$'s main analysts recently are as follows:
Best Buy's Q3 results might slightly pressure forward estimates, yet there remains a compelling risk-reward opportunity.
The company reported slightly softer than expected Q3 results. The perceived 'choppy' macro backdrop is believed to be slowing the consumer electronics recovery. However, this is viewed as a temporary shift, rather than a cause for significant concern regarding future positive same-store sales (SSS).
Although the recent fourth quarter updates offer reasons for near-term optimism, Best Buy's third quarter performance fell short of expectations. The company anticipates a slowdown in fourth quarter trends and there is a notable increase in economic uncertainty due to potential tariffs and broader macroeconomic factors.
Here are the latest investment ratings and price targets for $Best Buy (BBY.US)$ from 7 analysts:
Note:
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