Best Buy's stock performance has been subjected to various analysts' forecasts and ratings changes. The retailer's bottom line has seen highs and lows, as factors such as tariffs have influenced its financial outlook. Notably, share value for Best Buy (NYSE:BBY) gapped down after an analyst downgrade. Further, multiple investment firms like Mutual of America Capital Management and Victory Capital Management have changed their stock positions in the company.
The ongoing tariff tension led Best Buy’s stock to take a hit, leading to a significant growth in her short interest. Citigroup, Guggenheim and Telsey Advisory Group have issued pessimistic forecasts for Best Buy's stock price. Nevertheless, Best Buy's dividend payouts are larger than the preceding year and the company continues to reaffirm its sector weight rating. Despite a sales dip and net income decline, the electronics giant is believed to have potential for AI-driven growth.
Best Buy Company Stocks BBY News Analytics from Thu, 21 Nov 2024 08:00:00 GMT to Sat, 08 Mar 2025 13:41:24 GMT - Rating 1 - Innovation 4 - Information 7 - Rumor -4
