BBY - Best Buy Bottoming? 5 Analysts Unpack Q4 Earnings: 'We See Signs But It's Too Early' | Benzinga
Shares of Best Buy Co Inc (NYSE: BBY) were tanking in early trading on Friday, despite the company reporting higher-than-expected results for the fourth quarter.
The results came amid an exciting earnings season. Here are some key analyst takeaways from the release.
- Goldman Sachs analyst Kate McShane maintained a Buy rating, while raising the price target from $81 to $90.
- JMP Securities analyst Christopher Horvers reiterated a Neutral rating, while lifting the price target from $78 to $89.
- Truist Securities analyst Scot Ciccarelli reaffirmed a Hold rating, while raising the price target from $68 to $87.
- Wedbush analyst Seth Basham reiterated a Neutral rating, while raising the price target from $75 to $85.
- KeyBanc analyst Bradley Thomas maintained a Sector Weight rating on the stock.
Check out other analyst stock ratings.
Goldman Sachs: Best Buy reported better-than-expected quarterly results and its fiscal 2025 guidance "suggests a potential recovery in the second half of the year,” McShane said.
The company’s full-year adjusted operating margin "is expected to be 4.0% at the midpoint of guidance with a variety of tailwinds driving gross margin expansion,” the analyst ...