Expert Outlook: Best Buy Co Through The Eyes Of 12 Analysts
Portfolio Pulse from Benzinga Insights
Best Buy Co (NYSE:BBY) has been analyzed by 12 analysts over the past three months, showing a range of perspectives from bullish to bearish. The average 12-month price target has increased to $92.92 from $85.58. Analysts have recently adjusted their ratings and price targets, with several raising their targets. Best Buy's financials show a decline in revenue growth but strong net margin, ROE, and ROA.
June 17, 2024 | 12:00 pm
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Best Buy Co has received mixed analyst ratings with an average price target increase to $92.92. Recent ratings show several analysts raising their price targets, indicating a positive outlook despite a decline in revenue growth.
The increase in the average price target and several analysts raising their targets suggest a positive short-term impact on BBY's stock price. However, the decline in revenue growth may temper this optimism.
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