Best Buy's Growth Will Be Driven By AI And Margin Expansion Despite Mixed Sector Challenges: Analysts
Analysts Raise Price Targets: Following Best Buy's better-than-expected fiscal second-quarter results, several analysts increased their price targets, with J.P. Morgan raising it to $111 and Telsey Advisory Group to $115, citing solid strategies and growth potential in consumer electronics driven by AI adoption.
Mixed Analyst Ratings: While most analysts maintained positive ratings and raised EPS estimates for 2024 and 2025, B of A Securities kept an Underperform rating, reflecting concerns over ongoing demand challenges in high-ticket items like appliances.
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Best Buy's Growth Will Be Driven By AI And Margin Expansion Despite Mixed Sector Challenges: Analysts
Analysts Raise Price Targets: Following Best Buy's better-than-expected fiscal second-quarter results, several analysts increased their price targets, with J.P. Morgan raising it to $111 and Telsey Advisory Group to $115, citing solid strategies and growth potential in consumer electronics driven by AI adoption.
Mixed Analyst Ratings: While most analysts maintained positive ratings and raised EPS estimates for 2024 and 2025, B of A Securities kept an Underperform rating, reflecting concerns over ongoing demand challenges in high-ticket items like appliances.
Best Buy's Growth Will Be Driven By AI And Margin Expansion Despite Mixed Sector Challenges: Analysts
Analysts Raise Price Targets: Following Best Buy's better-than-expected fiscal second-quarter results, several analysts increased their price targets, with J.P. Morgan raising it to $111 and Telsey Advisory Group to $115, citing solid strategies and growth potential in consumer electronics driven by AI adoption.
Mixed Analyst Ratings: While most analysts maintained positive ratings and raised EPS estimates for 2024 and 2025, B of A Securities kept an Underperform rating, reflecting concerns over ongoing demand challenges in high-ticket items like appliances.
