From Yahoo Finance: 2025-05-25 07:21:00

Wedbush initiated coverage on Best Buy Co. Inc. (NYSE: BBY) with a Neutral rating and a price target of $75, down from $83. They noted a 12% increase in Best Buy shares, attributing it to easing investor concerns over tariffs. Best Buy expects FY2026 revenue between $41.4 billion and $42.2 billion, with comparable sales growth ranging from flat to 2%.

Wedbush emphasized the significant headwind posed by remaining tariffs due to Best Buy’s exposure to Chinese imports. Despite positive developments, Wedbush believes the tariff overhang creates an unattractive near-term risk/reward scenario. Best Buy experienced a 2.3% comparable sales decline in FY2026 due to a softer sales environment and did not account for the impact of recently enacted tariffs in their guidance.

While acknowledging BBY’s growth potential, Wedbush believes that some AI stocks offer greater promise for higher returns with limited downside risk. For those seeking AI stocks with 100x upside potential, they recommend checking out their report on the cheapest AI stock. Best Buy Co. Inc. (NYSE: BBY) offers technology products and solutions.



Read more at Yahoo Finance: Wedbush Initiates Coverage of Best Buy (BBY) with Neutral Rating