UBS upgraded Best Buy Co Inc (NYSE:BBY) to "buy" from "neutral," with a price-target hike to $106 from $85. The analyst said shares of the electronics retailer are set to benefit  from new products and an appliance upgrade cycle. In response, Best Buy stock boasts a 3.7% premarket lead. The security is set to open at $90, its highest level since February 2023. While it recently broke out of a channel of lower lows on the charts, the stock is coming off of its ninth weekly loss in 11. Still, BBY boasts an 11 ...

Best Buy (NYSE:BBY) layoffs are in the news Wednesday as the electronics and appliances retailer deals with slowing sales.It’s unknown how many Best Buy employees will be affected by the layoffs. What is known is that the job cuts appear to be limited to its designers. These are employees who help customers pick out products for their homes by visiting them.On top of these layoffs, some Best Buy employees are also reporting that pay is being cut. This comes as some of them switch to in-store sales roles and ...

Best Buy Company Inc.’s (BBY) strategic balance between cost management and quality service delivery, coupled with its forward-looking investments in technology and customer experience, have positioned it well for continued success.The company’s proactive approach to enhancing operational efficiency, optimizing supply chains and innovating customer engagement strategies highlights its resilience and commitment to shareholder value. These efforts collectively lay a solid foundation for sustained profitabilit ...

Best Buy Co., Inc. (NYSE:BBY) Oppenheimer's 24th Annual Virtual Consumer Growth and E-Commerce Conference June 10, 2024 11:15 AM ET Company Participants Corie Barry - Chief Executive Officer Matt Bilunas - Chief Financial Officer Conference Call Participants Brian Nagel - Oppenheimer Brian Nagel Well, good morning to everyone. Thank you for joining us for Day 1 for our 24th Annual Oppenheimer Consumer Growth and E-Commerce Conference. So my name is Brian Nagel and I work at Oppenheimer as the Consumer Growt ...

Best Buy Co., Inc. (NYSE:BBY) Oppenheimer's 24th Annual Virtual Consumer Growth and E-Commerce Conference June 10, 2024 11:15 AM ET Company Participants Corie Barry - Chief Executive Officer Matt Bilunas - Chief Financial Officer Conference Call Participants Brian Nagel - Oppenheimer Brian Nagel Well, good morning to everyone. Thank you for joining us for Day 1 for our 24th Annual Oppenheimer Consumer Growth and E-Commerce Conference. So my name is Brian Nagel and I work at Oppenheimer as the Consumer Growt ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 4, 2024 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-9595 BEST BUY CO., INC. (Exact name of registrant as specified in its charter) Minnesota 41-0907483 (State or other jurisdiction of inco ...

If you’re looking to boost your portfolio with reliable income that rises over time, dividend growth stocks are a great option. What I particularly value about these stocks, in contrast to high-yield options, is that they offer meaningful payouts while also having the potential for long-term capital appreciation.As June 2024 rolls in, now is a great time to consider some of the best options available. For this month, I’ve selected three dividend growth stocks to buy that offer a solid mix of tangible income ...

The shares of Best Buy Co Inc (NYSE:BBY) are up 1.1% to trade at $85.75 this morning, after the electronics retailer received a double-upgrade from Citigroup to "buy" from "sell," with a price-target hike to $100 from $67. In the bull note, the analyst in coverage noted upside from Best Buy's earnings and valuations, with tech replacement cycles underway and new artificial intelligence (AI) innovations boosting demand.Guggenheim also chimed in today, adjusting its price objective up to $90 from $86. The maj ...

Key PointsBest Buy's strong quarter shows the positive impact of rising PC demand and AI hype on the industry.Analysts have found a new reason to boost Best Buy's valuations as cash flow hits the company.EPS growth and a recent breakout on the announcement back a bullish thesis, driving short sellers away.5 stocks we like better than Amazon.comAfter a painfully slow two years of trading within a tight channel, Best Buy Company Inc. NYSE: BBY rallied by a staggering 15.5% after it reported its first quarter ...

Best Buy CEO Corie Barry told CNBC's Jim Cramer the electronics retailer is getting ready to sell a slew of new artificial intelligence-enabled personal computers."We are, as you can imagine, arming ourselves on every angle to be the single best place to come experience this across the assortment," Barry said. "So, you're going to see physical demos of all the products that you can touch and feel and play with, and importantly, you're going to see us certify and have zoned specialized associates at hundreds ...