Best Buy price target lowered to $95 from $107 at Truist

1 day ago · Truist lowered the firm’s price target on Best Buy to $95 from $107 and keeps a Hold rating on the shares after the company reported Q3 sales and comps that were modestly below the firm’s ...

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Best Buy Price Target Lowered To $95 From $107 At Truist

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Best Buy Shares Target Reduced, Hold Rating On Q3 Results

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1 day ago · On Wednesday, Truist Securities adjusted its outlook on shares of Best Buy Co Inc (NYSE:BBY), reducing the price target to $95 from the previous $107, while keeping a Hold …

investing.com

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Best Buy Stock Slides On Q3 Top And Bottom Line Miss

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1 day ago · Best Buy Co. Inc. (BBY) shares are down 7% in premarket trades after the retailer's third-quarter sales and earnings came in below analysts' estimates. Best Buy's third-quarter …

morningstar.com

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Best Buy: Q3 Disappointment As Macro Headwinds Overcome …

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15 hours ago · Best Buy (NYSE:BBY) reported its Q3 results Tuesday morning.Its revenue of $9.45B was slightly below the consensus estimate of $9.63B, while its adjusted EPS was …

seekingalpha.com

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Hold Rating For Best Buy Co Amidst Third Quarter Sales Miss And …

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Nov 19, 2024 · In a report released yesterday, Simeon Gutman from Morgan Stanley maintained a Hold rating on Best Buy Co (BBY – Research Report), with a price target of $105.00. Don't …

businessinsider.com

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Best Buy : Reports Q3 FY24 Results - MarketScreener

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Nov 21, 2023 · Best Buy : reports Q3 FY24 results November 21, 2023 at 07:20 am EST ... Melius Research Initiates Coverage on Best Buy With Hold Rating, $100 Price Target Sep. 23: …

marketscreener.com

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Best Buy Co., Inc. - Best Buy Reports Third Quarter Results

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Nov 21, 2023 · Comparable Sales Declined 6.9% GAAP Diluted EPS of $1.21 Non-GAAP Diluted EPS of $1.29 Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week third …

bestbuy.com

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Best Buy Co. Receives Hold Rating Amid Challenging Outlook And …

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1 day ago · Best Buy Q3 Results: Sales Decline, Profit Margins Hold Best Buy price target lowered to $95 from $107 at Truist Trump threatens tariffs, Zoom reports Q3 beat: Morning Buzz

businessinsider.com

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Best Buy Stock Sinks As Results Hurt By Hesitant Consumers

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1 day ago · Best Buy posted fiscal 2025 third-quarter earnings per share (EPS) of $1.26, with revenue falling more than 3% year-over-year to $9.45 billion. Analysts surveyed by Visible …

investopedia.com

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Best Buy Shares Target Reduced, Hold Rating On Q3 Results

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On Wednesday, Truist Securities adjusted its outlook on shares of Best Buy Co Inc (NYSE: BBY), reducing the price target to $95 from the previous $107, while keeping a Hold rating on the …

investing.com

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Best Buy Reports Q3 FY23 Results

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Nov 22, 2022 · Comparable Sales Declined 10.4%. GAAP Diluted EPS of $1.22. Non-GAAP Diluted EPS of $1.38. Raises Full-Year Guidance. Resumes Share Repurchases. …

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Best Buy Price Target Lowered To $85 From $100 At Melius Research

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2 days ago · Melius Research lowered the firm’s price target on Best Buy (BBY) to $85 from $100 and keeps a Hold rating on the shares. TipRanks is the most comprehensive data set of sell …

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Why Is Best Buy Stock Trading Lower On Tuesday? - Benzinga

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1 day ago · Best Buy's Q3 adjusted EPS of $1.26 missed estimates of $1.29; sales fell to $9.45 billion, below the $9.63 billion analyst consensus. FY25 revenue outlook lowered to $41.1 …

benzinga.com

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Best Buy’s Q3 Sales ‘were A Little Softer Than Expected’

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Best Buy Co. Inc. shares are down 2.1% in premarket trades Tuesday after the electronics retailer reported third-quarter sales and earnings that came in below analysts’ estimates. Sales “were ...

marketwatch.com

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New Jersey MarketBeats | US | Cushman & Wakefield

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Oct 8, 2024 · In New Jersey industrial market, leasing grew by 19.4% quarter-over-quarter (QOQ), totaling 8.0 million square feet (msf) and bringing the year-to-date (YTD) total to 21.2 msf by …

cushmanwakefield.com

FAQs about Best Buy price target lowered to $95 from $107 at Truist Coupon?

How did Best Buy perform in Q3?

Best Buy (NYSE: BBY) reported its Q3 results Tuesday morning. Its revenue of $9.45B was slightly below the consensus estimate of $9.63B, while its adjusted EPS was $1.26, below the $1.29 target. Its comparable sales growth was more disappointing at -2.9%; however, its gross margins were slightly above estimates at 23.5% vs. 23.1%. ...

Is Best Buy Co (BBY) a good stock to buy?

In a report released yesterday, Simeon Gutman from Morgan Stanley maintained a Hold rating on Best Buy Co (BBY – Research Report), with a price target of $105.00. Simeon Gutman’s rating is based on several factors affecting Best Buy Co’s performance. ...

Why did Best Buy report better-than-expected profitability in the third quarter?

"Today we are reporting better-than-expected profitability on slightly softer-than-expected revenue for the third quarter," said Corie Barry, Best Buy CEO. "These results demonstrate our ongoing, strong operational execution as we navigate through the near-term sales pressure our industry has been experiencing for the past several quarters." ...

Is Best Buy's Q3 'value focus' based on macroeconomic factors?

Best Buy's Q3 investor call focused on macroeconomic factors, such as weak consumer demand for higher-cost items, resulting in more "value focus" amongst buyers. I believe this assessment has a fair amount of truth; however, it may also overlook the company's fundamental issue. ...

Does Best Buy have a downside?

Although a sizeable economic decline in consumer demand is far from guaranteed, the downside to Best Buy may be pretty significant as it is not currently suffering from that issue and is not performing well today. Further, I think the probability of abnormal and surprising economic strength is generally unlikely. ...

What's going on at Best Buy?

Best Buy's managers pointed to a challenging macroeconomic environment and election distractions as key negative factors facing the firm. The company is also looking to more sales events and discounts to move inventory, while focusing more on memberships as a potential means to improve margins. ...