Best Buy stock falls 8% in a month, facing competition and challenges in high-margin categories

From Nasdaq: 2024-12-23 12:16:00

Best Buy’s BBY stock has fallen 8% in the past month, trading below its 50-day moving average of $89.69. Revenue declined 2.9% in Q3 2025, with domestic revenue down 3.3%. Despite strong performance in computing, BBY faces challenges in high-margin categories and promotional strategies, leading to a Zacks Rank #4 (Sell).

BBY’s stock faces competition from Amazon, Walmart, and Target, with declining revenue and cautious guidance. The company’s omnichannel strategy and store refresh initiatives aim to drive growth. However, with a premium valuation and lowered EPS estimates, investors should carefully consider BBY as an investment option.

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