DA Davidson Reduces Best Buy (BBY) Price Target Following Earnings Review

robot
Abstract generation in progress

DA Davidson analyst Michael Baker reduced the price target for Best Buy Co., Inc. (BBY) to $78 from $85, while maintaining a Buy rating. This adjustment follows a review of the company’s fourth-quarter results and fiscal 2026 guidance, leading to lowered EPS estimates for fiscal years 2026 and 2027. Best Buy’s Q4 revenue was $13.8 billion with an adjusted EPS of $2.61, and CEO Corie Barry noted stable market share despite a 0.8% decline in comparable sales, attributing the softness to consumer demand for electronics rather than market share loss.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin