Victory Capital Management Inc. and
Jensen Investment Management Inc. have substantial holdings in
Best Buy Co., Inc., while
Va ECK Associates Corp and MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH also have notable stock holdings.
Jim Cramer anticipates positive results and shares have surged on profit beat and guidance hike. Best Buy's Q2 earnings were fueled by
tablet and computer sales, leading the way for future dividends. The company's restructuring efforts have potentially increased its earning potential, and strategic customer-centric initiatives are gaining traction. However, some shareholders who invested three years ago are in the red. Analysts note the stocks'
short interest, and UBS has upgraded Best Buy stock amid optimistic forecasts.
Best Buy Inc. has been referred to as the best AI consumer and retail stock to consider investing in. There are potential challenges, such as a decrease in stock and an uncertain market. However, the stock continues to perform well, impressively beating Q4 sales and earnings estimates. Even though investor interest hasn't been as high as expected, encouraging stock climbs and potential AI-enabled PC catalysts offer a hopeful outlook. It is advised that Best Buy be included in portfolios now.
Best Buy Company Stocks BBY News Analytics from Tue, 31 Oct 2023 07:00:00 GMT to Sun, 08 Sep 2024 09:43:01 GMT -
Rating 6
- Innovation 3
- Information 8
- Rumor -4
