Jefferies analyst Jonathan Matuszewski lowered the firm’s price target on Best Buy (BBY) to $88 from $92 and keeps a Buy rating on the shares. With investor expectations for 2025 EPS below the Street heading into this print, coupled with no “red flags” regarding consumer behavior and a notably favorable update regarding sourcing diversification, the firm was surprised to see shares approaching $65. Considering the Q2 guide, 2025 EBIT% will be second half of the year weighted, but the reality is management is poised to manage tariffs very well this year with double digits EPS growth on tap for 2026 and 2027, Jefferies adds.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BBY:
- BBY Earnings: Best Buy Stock Slips on Mixed Q1 Earnings & Guidance Cut
- Best Buy says incurred $109M of restructuring charges related to Best Buy Health
- JPMorgan cut Best Buy target, sees attractive entry point
- Best Buy price target raised to $69 from $64 at Truist
- Morning News Wrap-Up: Thursday’s Biggest Stock Market Stories
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue