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Best Buy Company Inc (BBY-N)
NYSE:BBY
71.49
1.19
(1.69%) 1d
Financials
Technical Analysis
This summary was created by AI, based on 2 opinions in the last 12 months.
Best Buy Company Inc (BBY) is facing challenges with its share value, especially due to the stagnant housing market impacting turnover. However, experts believe that the upcoming wave of PC refresh cycles, anticipated to start in July, could position BBY favorably, particularly if new PCs leverage AI technology as expected. This fresh cycle is projected to be the most significant in history, suggesting potential growth opportunities for the company. Despite the current hurdles, the sentiment remains bullish as the expectation of increased consumer spending on PCs could drive shares higher. Overall, while BBY has struggled recently, it appears well-placed to benefit from market trends shifting towards AI-integrated devices.
It reports Thursday. Shares have been struggling, but Best Buy will benefit if the next wave of PCs integrate AI--this should be the biggest PC-refresh cycle in history. BBY is hurt by a lack of turnover in housing.
The PC refresh cycle will start in July and will drive BBY higher. Go long on this.
It reports Thursday and it may not be that good, but Nvidia's Jensen Huang forecasts a new PC cycle. People buy PCs from BBY. Maybe buy BBY after this quarter.
Reports this week. Electronics has been tough this past year, thought he thinks PC sales are bottoming. Despite paying a 5.5% dividend. Expect 1-2 more quarters of soft sales before this turns around.
They've had seven quarters of declining sales. When this reports, will BB get a Target-like market reaction (low expectations, beats, so a strong rally) or will BB get Amazon'd?
Our PAST TOP PICK with BBY has triggered its stop at $70. To remain disciplined, we recommend covering the position at this time. This will result in a net investment gain of 11%, when combined with our previous recommendations.
Best Buy Company Inc(BBY-N) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 1
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 1
Best Buy Company Inc(BBY-N) Frequently Asked Questions
What is Best Buy Company Inc stock symbol?
Best Buy Company Inc is a American stock, trading under the symbol BBY-N on the New York Stock Exchange (BBY). It is usually referred to as NYSE:BBY or BBY-N
Is Best Buy Company Inc a buy or a sell?
In the last year, 1 stock analyst published opinions about BBY-N. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Best Buy Company Inc.
Is Best Buy Company Inc a good investment or a top pick?
Best Buy Company Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Best Buy Company Inc.
Why is Best Buy Company Inc stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Best Buy Company Inc worth watching?
1 stock analyst on Stockchase covered Best Buy Company Inc In the last year. It is a trending stock that is worth watching.
What is Best Buy Company Inc stock price?
On 2025-03-14, Best Buy Company Inc (BBY-N) stock closed at a price of $71.49.
