Best Buy Stock Is Surging on AI Hype. Is It Time to Buy?
Best Buy stock has tumbled since the pandemic, and sales have been slumping. The push to bring AI capabilities to PCs from Microsoft, Qualcomm, and others could trigger a major upgrade cycle and boost Best Buy's sales.
Best Buy upgraded on 'compelling' risk-reward profile, shares climb
Best Buy Co Inc (NYSE:BBY) shares traded higher after the consumer electronics retailer was upgraded to a ‘Buy' rating by analysts at UBS. The analysts also boosted their price target on Best Buy from $85 to $106.
This Best Buy Analyst Turns Bullish; Here Are Top 5 Upgrades For Monday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.
Analyst: Best Buy Stock Boasts Solid Support
UBS upgraded Best Buy Co Inc (NYSE:BBY) to "buy" from "neutral," with a price-target hike to $106 from $85.
Best Buy Layoffs 2024: What to Know About the Latest BBY Job Cuts
Best Buy (NYSE: BBY ) layoffs are in the news Wednesday as the electronics and appliances retailer deals with slowing sales. It's unknown how many Best Buy employees will be affected by the layoffs.
Best Buy (BBY) Rides on Innovation & Operational Efficiency
Best Buy (BBY) effectively balances cost management and quality service, thus enhancing operational efficiency, optimizing supply-chains and innovating customer engagement.
Best Buy Co., Inc. (BBY) Oppenheimer's 24th Annual Virtual Consumer Growth and E-Commerce Conference
Best Buy Co., Inc. (NYSE:BBY ) Oppenheimer's 24th Annual Virtual Consumer Growth and E-Commerce Conference June 10, 2024 11:15 AM ET Company Participants Corie Barry - Chief Executive Officer Matt Bilunas - Chief Financial Officer Conference Call Participants Brian Nagel - Oppenheimer Brian Nagel Well, good morning to everyone. Thank you for joining us for Day 1 for our 24th Annual Oppenheimer Consumer Growth and E-Commerce Conference.
The 3 Best Dividend Growth Stocks to Buy in June 2024
If you're looking to boost your portfolio with reliable income that rises over time, dividend growth stocks are a great option. What I particularly value about these stocks, in contrast to high-yield options, is that they offer meaningful payouts while also having the potential for long-term capital appreciation.
Best Buy Slims Down And Pumps Profits Despite Slowing Sales
Consumer electronics retailer Best Buy is a strong stock to consider after the company reported better-than-expected first-quarter earnings. Earnings per share came in at $1.
Best Buy Catches AI Fever
Tech upgrades are coming, but the hype in the retailer's stock might be overdone.
Best Buy Stock Hits 12-Month High After Double Upgrade
The shares of Best Buy Co Inc (NYSE:BBY) are up 1.1% to trade at $85.75 this morning, after the electronics retailer received a double-upgrade from Citigroup to "buy" from "sell," with a price-target hike to $100 from $67.
Best Buy Stock Is Set for an AI Boost, Analyst Says
Citi analyst Steven Zaccone double upgraded shares of consumer-electronics retailer Best Buy to Buy from Sell.
