Jefferies analyst Jonathan Matuszewski lowered the firm’s price target on Best Buy (BBY) to $94 from $95 and keeps a Buy rating on the shares following what the firm calls a “solid quarter” with unit-driven comps “well beyond” the Street forecast. The firm sees EPS tracking to greater than $7 in calendar year 2026 as alternative profit streams scale and cost discipline continues, the analyst tells investors in a post-earnings note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BBY:
- Midday Fly By: Alphabet continues ascent, fueled by AI optimism
- Unusually active option classes on open November 25th
- Morning Movers: Kohl’s skyrockets after Q3 results and outlook raise
- BBY Earnings: Best Buy Stock Jumps as Q3 Results Surpass Estimates
- Best Buy raises FY26 adjusted EPS view to $6.25-$6.35 from $6.15-$6.30