From Financial Modeling Prep: 2024-09-30 12:22:00

JPMorgan analysts reaffirmed an Overweight rating on Best Buy (NYSE:BBY) with a $111 price target, adding it to their Analyst Focus List as a Value idea. They highlighted factors like post-COVID challenges, growing replacement demand, and tech advancements driving new adoption. Best Buy’s profitability could benefit from higher-margin categories and efficiency efforts, positioning it well for rising replacement demand in 2025.



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