Wedbush Cautious on Best Buy (BBY) Ahead of Q4 Earnings [Yahoo! Finance]
Best Buy Co., Inc. (BBY)
Last best buy co., inc. earnings: 2/27 07:00 am
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US:NYSE Investor Relations:
investors.bestbuy.com/investor-relations/overview/default.aspx
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Source: Yahoo! Finance
Best Buy Co. Inc. (NYSE:BBY) is one of the 13 Deep Value Stocks to Buy Right Now Wedbush, on February 24, reduced its target price on Best Buy by 12.5% to $70 (from $80), while retaining its Neutral call on the stock. The firm believes that investor expectations for Best Buy are low, due to weak holiday sales and lingering memory supply shortages, with no clear catalysts to the upside in sight. This target price update comes ahead of the company's Q4 FY 2026 results (scheduled for March 3), which the firm expects to disappoint due to weak holiday sales in the consumer electronics industry, despite elevated discounting. US retail sales data for December, which was released by the US Commerce Department on February 10, backs up this story. The data release showed retail sales unexpectedly flat in December, as households scaled back purchases of big-ticket items. Wedbush was even more worried about management's forward guidance for FY 2027, due to the uncertainty surrounding the l
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BBY
News
- Best Buy (BBY) had its price target lowered by HSBC Holdings plc from $96.00 to $85.00.MarketBeat
- Best Buy (NYSE:BBY) had its "outperform" rating reaffirmed by analysts at Telsey Advisory Group. They now have a $95.00 price target on the stock.MarketBeat
- Best Buy (NYSE:BBY) had its price target lowered by analysts at Wedbush from $80.00 to $70.00. They now have a "neutral" rating on the stock.MarketBeat
- Factbox-Stocks to watch as Trump's new tariffs spell more uncertainty [Yahoo! Finance Canada]Yahoo! Finance Canada
- Best Buy (NYSE:BBY) was given a new $71.00 price target on by analysts at Piper Sandler. They now have a "neutral" rating on the stock.MarketBeat
BBY
Earnings
- 11/25/25 - Beat
BBY
Sec Filings
- 12/16/25 - Form 4
- 12/16/25 - Form 4
- 12/10/25 - Form 8-K/A
- BBY's page on the SEC website