Spirepoint Private Client LLC recently invested in
Best Buy Co., Inc. ($BBY), however,
Harrell Investment Partners LLC and
Empowered Funds LLC cut their stock holdings. The company is receiving cautious guidance from analysts post Q4 Earnings and the stock price has fallen significantly over the last five years. Despite
Mixed Q1 Report and
tariff impacts,
Ruffer LLP and
MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired the stocks indicating positive trends.
Truist Financial raises the price target to $72.00, and
Goldman Sachs also anticipates a high price. Negatively,
Best Buy's CEO warns about possible price increases due to Trump tariffs, causing the stock value to drop. Tariffs fallout has instigated diversified thoughts amongst experts regarding 'buying the dip', and sparks fear pertaining to possible 50% plunge. Nevertheless, stocks recovered following tariff rollback.
Best Buy's Marketplace launch is seen as a potential growth catalyst despite
tariff impacts affecting the profit outlook. The
massive marketplace launch and holiday expansion adding gaming consoles, XXL TVs might play a crucial role in bolstering the company's financial position.
Best Buy Company Stocks BBY News Analytics from Tue, 26 Nov 2024 08:00:00 GMT to Sat, 27 Sep 2025 09:55:27 GMT -
Rating -2
- Innovation -6
- Information 6
- Rumor -4
