Best Buy's Growth Hinges On Computing And Services As Q3 Approaches: Analyst
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BofA Securities analyst Robert F. Ohmes has maintained an Underperform rating on Best Buy Co, Inc (BBY) with a price target of $80, as the company's growth is expected to hinge on computing and services ahead of Q3.
November 22, 2024 | 6:00 pm
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BofA Securities analyst Robert F. Ohmes has maintained an Underperform rating on Best Buy Co, Inc (BBY) with a price target of $80, indicating potential challenges in growth, particularly in computing and services, as Q3 approaches.
The Underperform rating and $80 price target suggest that the analyst expects Best Buy to face challenges in its growth strategy, particularly in computing and services, which are crucial for its Q3 performance. This negative outlook is likely to impact the stock price negatively in the short term.
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IMPORTANCE 80
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