UBS analyst Michael Lasser raised the firm’s price target on Best Buy (BBY) to $96 from $93 and keeps a Buy rating on the shares. Best Buy’s Q3 print should feed into the bullish case for the stock, the analyst tells investors in a research note. UBS sees signs for an encouraging setup into next year that could lead to positive estimate revisions and move the stock higher.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BBY:
- Optimistic Outlook for Best Buy: Strong Innovation, Strategic Initiatives, and Resilience Drive Buy Rating
- Cautious Outlook on Best Buy: Sell Rating Amid Competitive Pressures and Sector Challenges
- Cautious Outlook for Best Buy: Hold Rating Amid Uncertainty and Growth Challenges
- Best Buy Reports Strong Q3 Results and Raises Guidance
- SPY ETF Daily Update, 11/25/2025