Goldman Sachs Slashes Best Buy (BBY) PT to $59, Warns of Volume and Pricing Risks [Yahoo! Finance]
Best Buy Co., Inc. (BBY)
Last best buy co., inc. earnings: 2/27 07:00 am
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Source: Yahoo! Finance
Pixabay/Public Domain On April 13, Goldman Sachs analyst Kate McShane double-downgraded Best Buy Co., Inc. (NYSE:BBY) to Sell from Buy. It also reduced the price target to $59 from $76. The firm sees risk to sales following the Q1 report as higher memory costs begin to flow into laptop and computer prices. It also pointed to margin pressure. Consumers may shift toward lower-priced models, and volumes could decline as manufacturers scale back shipments, the analyst said in a research note. Goldman added that the company is still struggling to grow its appliance and consumer electronics categories. During its Q4 2026 earnings call, Best Buy shared its outlook for fiscal 2027. Revenue is expected to range between $41.2 billion and $42.1 billion. The company said comparable sales could fall 1% or rise 1%, reflecting a steady but uncertain demand environment. It also expects an adjusted operating income rate of about 4.3% to 4.4%, with adjusted diluted EPS between $6.30 and $6.60.On c
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News
- Specialty Retail Stocks Q4 In Review: Best Buy (NYSE:BBY) Vs Peers [Yahoo! Finance]Yahoo! Finance
- Best Buy (BBY) was given a new $65.00 price target by Evercore Inc.MarketBeat
- Best Buy (BBY) was downgraded by The Goldman Sachs Group, Inc. from "buy" to "sell". They now have a $59.00 price target on the stock.MarketBeat
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- 3 High-Yield Dividend Stocks to Buy in 2026 for Passive Income [Yahoo! Finance]Yahoo! Finance
BBY
Earnings
- 3/3/26 - Beat
BBY
Sec Filings
- 4/16/26 - Form 4
- 3/26/26 - Form SCHEDULE
- 3/24/26 - Form 4
- BBY's page on the SEC website