.August 29, 2024 04:07:16 PM

Jefferies analyst Jonathan Matuszewski has raised Best Buy’s price target to $116, indicating a 16.42% potential upside for the stock. Despite a revenue decline, Best Buy exceeded earnings expectations in Q2 2025, showcasing operational efficiency. The company has also increased its profitability outlook for the fiscal year, reflecting positive market sentiment and investor confidence. This adjustment highlights growing confidence in Best Buy’s market position and future performance, with the stock experiencing a significant surge following the earnings announcement. The company’s strategic optimism and financial health have contributed to investor confidence and a notable increase in stock value.