Goldman Sachs Maintains Buy on Best Buy Co, Raises Price Target to $116
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Kate McShane has maintained a Buy rating on Best Buy Co (NYSE:BBY) and raised the price target from $95 to $116.
September 03, 2024 | 1:28 pm
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POSITIVE IMPACT
Goldman Sachs has reaffirmed its Buy rating on Best Buy Co and increased the price target from $95 to $116, indicating confidence in the company's future performance.
The increase in price target from $95 to $116 by a reputable firm like Goldman Sachs suggests a positive outlook for Best Buy's stock. This is likely to boost investor confidence and could lead to a short-term increase in BBY's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100