Best Buy stock hits 5-year low as analysts warn of impact from tariffs

From StockTwits: 2025-04-08 23:16:00

Truist and Evercore cut their price target on Best Buy Co, Inc. (BBY) shares amid concerns over potential impact from new U.S. import tariffs, causing the stock to fall 8.3% to $56.17, its lowest since April 2020. Truist now targets $64 and Evercore $70, both maintaining their ratings. Analysts suggest Best Buy, Five Below (FIVE), and Target Corp (TGT) are most at risk from tariffs due to product nature. Citi also recently downgraded Best Buy. Retail sentiment on Stocktwits remains ‘bearish’ with high message volume, as users express frustration over management decisions. BBY shares are down 34.5% year to date.



Read more at StockTwits: Best Buy Stock Sinks To 5-Year Low As Analysts Flag Worst Blow From Tariffs: Retail Stays Bearish