Wedbush Cautious on Best Buy (BBY) Ahead of Q4 Earnings

Best Buy Co. Inc. (NYSE:BBY) is one of the 13 Deep Value Stocks to Buy Right Now. Wedbush, on February 24, reduced its target price on Best Buy by 12.5% to $70 (from $80), while retaining its Neutral call on the stock. The firm believes that investor expectations for Best Buy are low, due to weak holiday sales and lingering memory supply shortages, with no clear catalysts to the upside in sight. This target price update comes ahead of the company’s Q4 FY 2026 results (scheduled for March 3), which the f ...