Best Buy downgraded by Telsey Advisory Group with a new price target
$BBY
Consumer Electronics/Video Chains
Consumer Discretionary
Telsey Advisory Group downgraded Best Buy from Outperform to Market Perform and set a new price target of $95.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/14/2025 | $75.00 | Overweight → Neutral | Piper Sandler |
| 5/23/2025 | $100.00 → $90.00 | Outperform | Telsey Advisory Group |
| 4/3/2025 | $70.00 | Buy → Neutral | Citigroup |
| 3/5/2025 | $110.00 → $100.00 | Outperform | Telsey Advisory Group |
| 11/27/2024 | $115.00 → $110.00 | Outperform | Telsey Advisory Group |
| 8/30/2024 | $95.00 → $115.00 | Outperform | Telsey Advisory Group |
| 6/17/2024 | $85.00 → $106.00 | Neutral → Buy | UBS |
| 6/3/2024 | $67.00 → $100.00 | Sell → Buy | Citigroup |
New third-party seller platform significantly expands tech, introduces categories and partnerships Starting today, Best Buy customers can find a whole lot more when shopping on BestBuy.com and through the Best Buy App. The company's digital marketplace officially launches today, more than doubling the number of products available and adding entirely new brands, categories and products that can serve more customers' needs than ever before. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250819865705/en/Best Buy launches digital marketplace, more than doubling number of products available online Best Buy Marketplace, powered by M
Launching an innovative shared retail presence, and the first-ever cross-brand retail experience for IKEA U.S., will make it easier to integrate Best Buy appliances into IKEA kitchens and home laundry areas. Beginning this fall, Best Buy shoppers in select markets can get inspiration, planning support and make purchases for their kitchens and laundry rooms like never before. Best Buy and IKEA U.S. have partnered to pilot new in-store planning and shopping experiences that combine the latest and greatest major appliances from Best Buy with the well-designed, functional and affordable home furnishings from IKEA. This is the first time IKEA products and services will be accessible through an
The micromobility leader's most compact, portable and affordable 3rd generation e-scooter is now available for pre-order at $200 off MSRP. ARCADIA, Calif., June 25, 2025 /CNW/ -- Segway, recently named No. 1 in global electric kick-scooter (eKickScooter) sales with more than 13 million sold worldwide, today announces pre-orders are open on the all-new E3 electric scooter through exclusive retail partner, Best Buy Canada. Customers can reserve the latest in the brand's popular entry-level E-Series for only $499.99 CAD ($699.99 MSRP) at BestBuy.ca or more than 90 retail locations across Canada now through the official release date of July 18 when it will be in-stock and full price. The E3 will
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Piper Sandler downgraded Best Buy from Overweight to Neutral and set a new price target of $75.00
Telsey Advisory Group reiterated coverage of Best Buy with a rating of Outperform and set a new price target of $90.00 from $100.00 previously
Citigroup downgraded Best Buy from Buy to Neutral and set a new price target of $70.00
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Collaboration Aims to Drive Sustainability and Inspire the Next Generation of Innovators NEW YORK, April 8, 2024 /PRNewswire/ -- In an exciting new activation, Microsoft, Junk Kouture, and Best Buy have joined forces in driving eco-conscious habits, responsibly recycling old electronics, and a shared commitment to sustainability. The trio are amplifying and empowering the voices of New York's young creatives, offering them a platform to inspire nationwide recycling efforts, drive change in support of a brighter future, powered by the versatility of the Microsoft Surface Pro 9. The quest begins with high school students participating in the Junk Kouture program,
Best Buy Co., Inc. (NYSE:BBY) announced today that current Board Chairman, J. Patrick Doyle, will retire from his position, effective as of the expiration of his annual term on June 12, 2024. Doyle has served on Best Buy's Board of Directors since 2014 and has been chairman since 2020. David Kenny will succeed Doyle and will take on the chairman role, effective as of Doyle's retirement. Kenny is the executive chairman of Nielsen and has been on the Best Buy Board since 2013. For more than 10 years, Kenny has been an integral member of the Board and has provided thoughtful guidance that has contributed to the growth of Best Buy. "It's been an honor to serve as chairman on the Best Buy Bo
Best Buy Canada and Bell to operate 165 small-format consumer electronics retail stores across Canada, branded Best Buy ExpressBest Buy Express stores to offer leading consumer electronics from Best Buy and wireline and wireless services from Bell, Virgin Plus and Lucky MobileMONTRÉAL and VANCOUVER, BC, Jan. 18, 2024 /PRNewswire/ - Best Buy Canada and Bell Canada (TSX:BCE) (NYSE:BCE) have entered into a strategic partnership to operate 165 consumer electronics retail stores in Canada. The Source, a wholly owned subsidiary of Bell, will be rebranded as Best Buy Express and offer the latest in consumer electronics from Best Buy along with exclusive telecommunications services from Bell.
The Board of Directors of Best Buy Co., Inc. (NYSE:BBY) has authorized the payment of a regular quarterly cash dividend of $0.95 per common share. The quarterly dividend is payable on July 10, 2025, to shareholders of record as of the close of business on June 19, 2025. The company had 211,299,033 shares of common stock issued and outstanding as of May 3, 2025. View source version on businesswire.com: https://www.businesswire.com/news/home/20250529209981/en/ Investor Contact: Mollie O'Brien [email protected] Media Contact: Carly Charlson [email protected]
Comparable Sales Decreased 0.7% Diluted EPS of $0.95 Adjusted Diluted EPS of $1.15 Expects FY26 Adjusted Diluted EPS of $6.15 to $6.30 Best Buy Co., Inc. (NYSE:BBY) today announced results for the 13-week first quarter ended May 3, 2025 ("Q1 FY26"), as compared to the 13-week first quarter ended May 4, 2024 ("Q1 FY25"). Q1 FY26 Q1 FY25 Revenue ($ in millions) Enterprise $ 8,767 $ 8,847 Domestic segment $ 8,127 $ 8,203 International segment $ 640 $ 644
The Board of Directors of Best Buy Co., Inc. (NYSE:BBY) has authorized the payment of a regular quarterly cash dividend of $0.95 per common share. The quarterly dividend is payable on April 15, 2025, to shareholders of record as of the close of business on March 25, 2025. The company had 211,358,651 shares of common stock issued and outstanding as of February 1, 2025. View source version on businesswire.com: https://www.businesswire.com/news/home/20250304063213/en/ Investor Contact: Mollie O'Brien [email protected] Media Contact: Carly Charlson [email protected]
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