Ultime notizie per Best Buy Co (NYSE:BBY) Azioni

Best Buy Co

With $43.5 billion in consolidated 2023 sales, Best Buy is the largest pure-play consumer electronics retailer in the US, boasting roughly 8.3% share of the North American market and north of 33% share of offline sales in the region, per our calculations, CTA, and Euromonitor data. The firm generates the bulk of its sales in-store, with mobile phones and tablets, computers, and appliances representing its three largest categories. Recent investments in e-commerce fulfillment, accelerated by the covid-19 pandemic, have seen the US e-commerce channel roughly double from prepandemic levels, with management estimating that it will represent a mid-30% proportion of sales moving forward.

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Best Buy come fonte di reddito? Ecco come guadagnare $500 al mese con le sue azioni

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Kohl's Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>) on Tuesday joined other major retailers in painting a grim picture of the state of the American consumer. In fact, Kohl's said it expects sales to decline by 5% to 7% in fiscal 2025, due in part to <a href="https://www.benzinga.com/government/regulations/25/03/44171377/retailers-warn-of-price-increases-due-to-trump-tariffs-as-consumer-health-concerns-persist">"constrained" shoppers. </a>
What To Know: U.S. consumers have faced steady inflation following the pandemic and are trading down across categories including clothing and discretionary items due to high prices. Low-income households are particularly affected, with many opting for cheaper brands or smaller quantities.&nbsp;
Read Next: <a href="https://www.benzinga.com/news/large-cap/25/03/44253259/uncertainty-rocks-the-trump-trade-how-maga-seven-stocks-look-now">Uncertainty Rocks The Trump Trade: How &#8216;MAGA Seven&#8217; Stocks Look Now</a>
Kohl's CEO Ashley Buchanan said on the company's earnings call that much of the retailer's customer base is under pressure from recent increases in rent, housing and groceries costs.&nbsp;
"If you're making less than 50 [thousand], that consumer is pretty constrained from a discretionary standpoint. If you're making less than 100 [thousand], it's also pretty challenging. And you see that very clearly in numbers," Buchanan told analysts.&nbsp;
The Kohl's CEO also noted consumers are seeking more value in their purchases, "and that will probably expand probably across income cohorts over the next probably three or four months," Buchanan said.&nbsp;
Other retailers like Best Buy Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) and Target Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) spoke to increased price sensitivity and weaker consumer confidence in their 2025 outlooks last week.&nbsp;
&#8220;The giant wild card here, obviously, is how the consumers are going to react to the price increases, in light of a lot of price increases potentially throughout the year and a general consumer confidence that is showing little signs of weakness at the moment,&#8221; Best Buy CFO Matt Bilunas said on the company's earnings call.&nbsp;
KSS Price Action: Kohl's shares took a big hit following the company's fourth-quarter earnings report on Tuesday, but the stock achieved a 95.93/100 Value rating according to Benzinga Edge Rankings.&nbsp;
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/kss"><img loading="lazy" decoding="async" width="1024" height="247" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11155638/kss-edge-rankings-1024x247.jpg" alt="" class="wp-image-819497" style="width:920px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11155638/kss-edge-rankings-1024x247.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11155638/kss-edge-rankings-300x72.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11155638/kss-edge-rankings-768x185.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11155638/kss-edge-rankings.jpg 1410w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Learn more about BZ Edge Rankings — click<a href="https://www.benzinga.com/quote/WMT"> here to see</a> how Walmart&#8217;s Momentum and Value scores compare.&nbsp;
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<li><a href="https://www.benzinga.com/general/social-media/25/03/44098232/markets-tank-after-trump-confirms-more-tariffs-heres-what-wall-street-is-saying">Markets Tank After Trump Confirms More Tariffs: Here&#8217;s What Wall Street Is Saying</a></li>
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Image: Shutterstock

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Kohl's CEO Warns Of 'Pretty Challenging' Environment For Consumers

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Shares of retail and apparel stocks are trading lower following weak guidance from Kohl's, which added to recent consumer concerns.

U.S. stocks settled higher on Friday, with the Dow Jones index gaining more than 200 points during the session. However, the index recorded losses last week.
The S&amp;P 500 recorded its worst week since September, falling 3.1% last week. The Dow declined 2.4%, while the Nasdaq Composite tumbled 3.5% during the week.
Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst&#8217;s opinion to trust.
Benzinga&#8217;s Analyst Ratings API is a collection of the highest-quality stock ratings curated by the Benzinga news desk via direct partnerships with major sell-side banks. Benzinga displays overnight ratings changes on a daily basis three hours prior to the U.S. equity market opening. Data specialists at investment dashboard provider Toggle.ai recently uncovered that the analyst insights Benzinga Pro subscribers and Benzinga readers regularly receive can successfully be used as trading indicators to outperform the stock market.
Top Analyst Picks: Fortunately, any Benzinga reader can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. One of the ways traders can sort through Benzinga&#8217;s extensive database of analyst ratings is by analyst accuracy. Here&#8217;s a look at the most recent stock picks from each of the five most accurate Wall Street analysts, according to Benzinga <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock</a> Ratings.
Analyst: Jay McCanless
<ul>
<li>Analyst Firm: Wedbush</li>
<li>Ratings Accuracy: 87%</li>
<li>Latest Rating: Reiterated an Outperform rating on Landsea Homes Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSEA#NASDAQ">LSEA</a>) with a price target of $15 on March 5. This analyst sees around 108% upside in the stock.</li>
<li>Recent News: On Feb. 27, the company posted record fourth quarter home sales revenue of $450.6 million.</li>
</ul>
Analyst: Lloyd Walmsley
<ul>
<li>Analyst Firm: UBS</li>
<li>Ratings Accuracy: 86%</li>
<li>Latest Rating: Maintained a Neutral rating on Opendoor Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPEN#NASDAQ">OPEN</a>) and cut the price target from $2 to $1.2 on March 4. This analyst sees around 2% decline in the stock.</li>
<li>Recent News: On Feb. 27, Opendoor Technologies posted upbeat fourth-quarter results.</li>
</ul>
Analyst: Trevor Walsh 
<ul>
<li>Analyst Firm: Citizens Capital Markets</li>
<li>Ratings Accuracy: 85%</li>
<li>Latest Rating: Reiterated a Market Outperform rating on CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) with a price target of $400 on March 5. This analyst sees around 20% upside in the stock.</li>
<li>Recent News: On March 4, CrowdStrike reported fourth-quarter revenue of $1.058 billion, beating the consensus estimate of $1.032 billion.</li>
</ul>
Analyst: Josh Sullivan
<ul>
<li>Analyst Firm: Benchmark</li>
<li>Ratings Accuracy: 85%</li>
<li>Latest Rating: Reiterated a Buy rating on BlackSky Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKSY#NASDAQ">BKSY</a>) with a price target of $17 on March 7. This analyst sees around 72% upside in the stock.</li>
<li>Recent News: On March 6, BlackSky Technology reported worse-than-expected fourth-quarter financial results.</li>
</ul>
Analyst: Zachary Fadem
<ul>
<li>Analyst Firm: Wells Fargo</li>
<li>Ratings Accuracy: 85%</li>
<li>Latest Rating: Maintained an Equal-Weight rating on Best Buy Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) and cut the price target from $89 to $85 on March 5. This analyst sees around 7% upside in the stock.</li>
<li>Recent News: On March 4, the company reported a fourth-quarter sales decline of 4.8% year-on-year to $13.948 billion, beating the analyst consensus estimate of $13.702 billion..</li>
</ul>
Read More: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/03/44187903/top-2-consumer-stocks-that-could-blast-off-this-quarter">Top 2 Consumer Stocks That Could Blast Off This Quarter</a></li>
</ul>

This Analyst With 85% Accuracy Rate Sees More Than 20% Upside In CrowdStrike - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

Nintendo Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NTDOY#OTC">NTDOY</a>) is <a href="https://www.benzinga.com/general/entertainment/23/03/31302637/its-a-me-why-is-march-10-celebrated-as-mario-day">going all out for</a> MAR10 Day this year, unveiling a packed celebration full of game discounts, travel sweepstakes, and more.
Bring Home The Bundle
To mark the annual "Mario Day" celebration, which falls on March 10, Nintendo is offering a $349.99 Nintendo Switch – OLED Model + Super Mario Bros. Wonder Bundle, which includes the console, a digital copy of Super Mario Bros. Wonder, and a three-month Nintendo Switch Online membership. Nintendo says this bundle offers a combined savings of $67.98.
Big Discounts On Mario Favorites
Starting March 9, fans can grab top titles like Mario Kart 8 Deluxe, Super Mario Odyssey, and Super Mario RPG for $39.99 at major retailers like Best Buy Co Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>), GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRM#NYSE">GRM</a>), Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>), and Target Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>). Mario vs. Donkey Kong will also be available at a price tag of just $29.99.
See Also: <a href="https://www.benzinga.com/general/gaming/24/11/41755109/nintendo-reduces-switch-sales-target-eyes-2025-for-next-gen-console-unveil">Nintendo Reduces Switch Sales Target, Eyes 2025 For Next-Gen Console Unveil</a>
Win A Trip To Super Nintendo World
Nintendo is also launching a sweepstakes through My Nintendo, giving one lucky fan and three guests the chance to visit the new Universal Epic Universe in Orlando, Florida. The prize includes access to SUPER NINTENDO WORLD, where guests can explore attractions themed around Mario Kart, Donkey Kong Country, and more.
Take To The Skies With Mario
In a partnership with JetBlue Airways (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>), Nintendo has introduced a Mario-themed aircraft dubbed the "Cloudtop Cruiser." The Airbus A320 Restyled jet features characters like Mario, Luigi, Peach, and Bowser, and even the in-flight screens are decked out with Mushroom Kingdom flair.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Wake Up The Nintendo Way
Available from March 9, the Nintendo Sound Clock: Alarmo tracks sleep and plays themed soundscapes from Nintendo games. It also reacts to movement and will be sold at retailers like GameStop and Walmart.
Why It's Important: Celebrated annually since 2016, MAR10 Day (named for how "Mar. 10" looks like "Mario") honors one of <a href="https://www.benzinga.com/general/gaming/24/03/37576590/why-is-march-10-celebrated-as-mario-day-the-history-of-the-iconic-video-game-character">gaming's most iconic characters</a>.
Nintendo uses the occasion to boost fan engagement, sales, and brand presence with creative promotions and nostalgic appeal.
Last month, Nintendo posted a <a href="https://www.benzinga.com/25/02/43473500/nintendo-q3-earnings-revenue-drops-cuts-outlook-and-dividend-switch-sales-slow-ahead-of-next-gen-console">third-quarter revenue</a> of $1.10 billion (432.92 billion Japanese yen), a decline from $1.70 billion (598.56 billion Japanese yen) recorded in the same period last year.
In January, Nintendo also announced <a href="https://www.benzinga.com/general/gaming/25/01/43051841/nintendo-shares-drop-5-on-tokyo-exchange-after-switch-2-announcement">plans to unveil</a> its new console, Switch 2, starting in April.
Photo by Andrei Armiagov on Shutterstock
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/general/gaming/24/09/41074683/in-a-competitive-console-landscape-nintendo-says-it-will-not-get-involved-in-the-game-war">In A Competitive Console Landscape, Nintendo Says It Will Not &#8216;Get Involved In The Game War&#8217;</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Gaming

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JBLU

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Mario Day Bonanza: Nintendo Offers $349 Switch Deal, Super Nintendo World Sweepstakes, And Talking Mario Alarm Clocks

Under ordinary circumstances, investors would be prudent to avoid large-capitalization firms that suffer double-digit-percentage losses over a single day, as was the case with Best Buy Co Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) earlier this week. Unsurprisingly, anxieties related to President Donald Trump's <a href="https://www.benzinga.com/news/global/25/03/44176918/trump-delays-mexico-tariffs-for-a-month-economic-uncertainty-persits">tariffs against key economic partners</a> weighed heavily on Best Buy&#8217;s stock. Still, for intrepid speculators, the political drama could offer a high-risk, high-reward opportunity.
On Tuesday, Best Buy stock predictably opened the session from a massive gap-down position. Earlier, President Trump announced that he would impose a <a href="https://www.benzinga.com/markets/25/03/44117288/after-china-mexico-to-hit-back-against-trumps-tariffs-raising-trade-war-risks">25% tariff on imported goods from Mexico and Canada</a>. As well, he announced a doubling of tariffs of China-exported goods to 20%. In response, affected nations stated their intentions to take retaliatory measures, thus raising the prospect of an ugly trade war.
For Best Buy, the matter is extremely consequential. On Wednesday, management revealed <a href="https://www.benzinga.com/news/earnings/earnings-beats/25/03/44146838/best-buys-comp-sales-turns-positive-after-12-quarters-heightened-tariff-concerns-weigh-on-outlook-analysts-say">upbeat fourth-quarter sales</a>, contributing to a lift in Best Buy stock. Affirming the positive side of the spectrum, Goldman Sachs analyst Kate McShane highlighted &#8220;increased demand from replacement cycle and innovation driven purchases" as compelling catalysts. Nevertheless, Telsey Advisory analyst Joseph Feldman warned that Best Buy sources about 60% of its products from China and another approximately 20% from Mexico.
Despite the high-level rumblings, cooler heads may prevail. Amid the back-and-forth, President Trump <a href="https://www.benzinga.com/news/25/03/44143647/trump-considering-tariff-relief-for-mexico-canada-commerce-secretary-lutnick-says">signaled a willingness to negotiate terms</a>.&nbsp; Shortly thereafter, the president <a href="https://www.benzinga.com/25/03/44149833/trump-delays-ford-gm-stellantis-from-from-tariffs-on-mexico-canada-for-one-month">walked back his tariffs</a> on Mexico and Canada by pausing levies on imports which were impacting domestic automakers.
Earlier today, President Trump announced on social media that most products from Mexico will receive an <a href="https://www.nytimes.com/2025/03/06/us/politics/trump-mexico-tariffs-suspended.html">exemption</a> from tariffs until April 2. In other words, the administration is realizing that being the sheriff is not as easy as it looks on TV. That might be good news for Best Buy.
<h2 class="wp-block-heading">Speculative Winds Favor An Optimistic Outlook</h2>
As stated earlier, huge losses are not ideal for large enterprises. These behemoths take time to build their valuations. So, when a massive implosion occurs, it's usually a sign of a fundamental vulnerability. However, with Best Buy, the picture is far more nuanced.
Using share-price data from January 2019, a position entered at the beginning of the week has a 50% chance of rising by the end of it. Over an eight-week period, this baseline probability rises to 53.33%. Under the positive scenario, Best Buy features a median return of 10.43% after the eight-week period has passed. Under the negative scenario, Best Buy stock incurs a median loss of 7.77%.
Under dynamic conditions — in this case, a one-week loss of 10% or worse — the long odds in the subsequent two weeks come in at 62.5%. Over an eight-week period, the odds are 50/50. Following this nearly two-month period, the median return is 14.19% while the median loss is only 4.17%.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/06145306/BBY-stock-probability-gambit-1024x576.jpg" alt="" class="wp-image-812914" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/06145306/BBY-stock-probability-gambit-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/06145306/BBY-stock-probability-gambit-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/06145306/BBY-stock-probability-gambit-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/06145306/BBY-stock-probability-gambit.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Image by author</figcaption></figure>
To use a musical analogy, it's as if the notes on a composition were transposed up a whole step. That's why even if the eight-week probabilities are 50/50, the overall winds still favor bullish speculation. Add in the fundamental likelihood that the Trump administration will potentially back down from tariff threats and Best Buy suddenly looks more enticing.
Now, the caveat to the above analysis is that while Best Buy is losing about 12% in the past five sessions, such volatility is rare. One-week losses of 10% or worse have happened only eight times since January 2019.
Still, there is evidence that investors buy the dips in Best Buy. For example, there have been 22 times when the security has lost between 5% and 10% in a one-week period. Over the next eight weeks, the long odds stand at nearly 73%.
<h2 class="wp-block-heading">Engaging the Retail Stare Down</h2>
Ultimately, BBest Buy represents a political stare down, specifically as it relates to tariffs. Despite the blunt rhetoric, the speculation is that the Trump administration will quickly realize that supply chains are global. Because of this framework, no country can escape unscathed from a trade war.
With that in mind, there are two approaches for Best Buy. The first one is the simple, straightforward method — simply acquire the stock in the open market. Again, double-digit losses are rare for the retailer and the backdrop of positive fundamentals (in the form of stepping away from tariffs) could boost shares.
For those who want to wager on the possible near-term spike in the stock, such traders may want to consider the 80/82 bull call spread for the options chain expiring March 21 (roughly two weeks from today). At time of writing, this transaction involves buying the $80 call (at a $163 ask) and simultaneously selling the $82 call (at an $85 bid).
In the above transaction, traders use the short call proceeds to partially offset the long call debit, leading to a cash outlay of $78. The speculation is that BBY will reach $82 or above at the March 21 expiration date. If so, the maximum reward comes out to $122, a payout of over 156%.
According to E&#x2A;TRADE's options calculator, there's only a 32.54% chance that BBY stock will close above $80.79, the breakeven price of the March 21 80/82 bull spread. However, based on the dynamic conditions of a two-week follow-through from extreme volatility, the odds may be much higher than advertised.
Now Read:
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/03/44171377/retailers-warn-of-price-increases-due-to-trump-tariffs-as-consumer-health-concerns-persist">Retailers Warn Of Price Increases Due To Trump Tariffs As Consumer Health Concerns Persist</a></li>
</ul>
Image: Shutterstock

Analyst Color

Equities

Options

Politics

Options Corner: Trump Blinking First On Tariffs Presents An Opportunity For Best Buy

Retailers are facing selling pressure this week following warnings about continued consumer uncertainty and the potential <a href="https://www.benzinga.com/25/03/44140954/tariffs-cast-a-shadow-over-best-buy-target-but-is-it-a-buying-opportunity">impacts of tariffs</a>.
What To Know: Trade war fears are rising after President Donald Trump imposed 25% tariffs on imports from Canada and Mexico earlier this week. Trump also doubled tariffs on China from 10% to 20%, which has been met with retaliatory tariffs on American goods.
Consumer confidence has also soured in recent months as some GDP forecasts have turned negative and consumer spending&nbsp;unexpectedly <a href="https://www.benzinga.com/news/econ-s/25/02/43736972/us-retail-sales-fall-more-than-expected-raise-growth-concerns" target="_blank" rel="noreferrer noopener">declined in January</a>. Inflation also remains top of mind with&nbsp;<a href="https://www.benzinga.com/news/25/02/43667632/inflation-rises-in-january-housing-costs-up-adding-to-consumers-2025-concerns" target="_blank" rel="noreferrer noopener">Consumer Price Index&nbsp;data</a>&nbsp;from January showing a 3% rise, above economist forecasts.&nbsp;If inflation remains elevated above the Federal Reserve's 2% goal, rates are not likely to come down anytime soon.
Earnings from retailers this week have also weighed on consumer sentiment. Despite beating estimates on the top and bottom lines in the fourth quarter, Target Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) shares plunged after the retailer warned that February sales were weak and said it expects to see a &#8220;meaningful&#8221; decline in profits in the first quarter.
Target attributed &#8220;soft&#8221; February sales to declining consumer confidence paired with cold weather, per <a href="https://www.cnbc.com/2025/03/04/target-tgt-q4-2024-earnings.html">CNBC</a>. 
&#8220;Looking ahead, we expect to see a moderation in this trend as apparel sales respond to warmer weather around the country, and consumers turn to Target for upcoming seasonal moments such as the Easter holiday,&#8221; CFO Jim Lee said. &#8220;We will continue to monitor these trends and will remain appropriately cautious with our expectations for the year ahead.&#8221;
Target CEO Brian Cornell also told CNBC that Trump&#8217;s tariffs on Mexican imports that went into effect on Tuesday could end up causing Target and other grocers to increase prices on produce such as bananas, strawberries and avocados. 
Related Link: <a href="https://www.benzinga.com/25/03/44149833/trump-delays-ford-gm-stellantis-from-from-tariffs-on-mexico-canada-for-one-month">Trump Delays Ford, GM, Stellantis Tariffs On Mexico, Canada For One Month</a>
Best Buy Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) also reported earnings this week that came in above analyst expectations, but shares traded down after CEO Corie Barry warned price increases are &#8220;highly likely&#8221; due to Trump&#8217;s tariffs, according to <a href="https://www.cnbc.com/2025/03/04/best-buy-bby-q4-2025-earnings.html">CNBC</a>.
Barry told investors and analysts on the earnings call that about 55% of Best Buy&#8217;s products are sourced from China and about 20% come from Mexico. 
&#8220;Trade is critically important to our business and industry. The consumer electronic supply chain is highly global, technical and complex. We expect our vendors across our entire assortment will pass along some level of tariff costs to retailers, making price increases for American consumers highly likely,&#8221; Barry said.
Although the company only directly imports about 2% to 3% of its products, Best Buy is reportedly making adjustments to its supply chain sourcing in response to tariffs. The company also expressed concerns about the consumer&#8217;s ability to keep spending in the face of price increases. 
"The giant wild card here, obviously, is how the consumers are going to react to the price increases, in light of a lot of price increases potentially throughout the year and a general consumer confidence that is showing little signs of weakness at the moment," Best Buy CFO Matt Bilunas reportedly said on the conference call following earnings.
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</ul>
Photo: Shutterstock.

Government

Regulations

Global

Retailers Warn Of Price Increases Due To Trump Tariffs As Consumer Health Concerns Persist

Wells Fargo analyst Zachary Fadem maintains Best Buy Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) with a Equal-Weight and lowers the price target from $89 to $85.

Wells Fargo Maintains Equal-Weight on Best Buy Co, Lowers Price Target to $85

UBS analyst Michael Lasser maintains Best Buy Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) with a Buy and lowers the price target from $115 to $105.

UBS Maintains Buy on Best Buy Co, Lowers Price Target to $105

Loop Capital analyst Anthony Chukumba maintains Best Buy Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) with a Buy and lowers the price target from $100 to $90.

Loop Capital Maintains Buy on Best Buy Co, Lowers Price Target to $90

Truist Securities analyst Scot Ciccarelli maintains Best Buy Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) with a Hold and lowers the price target from $95 to $81.

Truist Securities Maintains Hold on Best Buy Co, Lowers Price Target to $81

Best Buy Co Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) shares were rising on Wednesday, after the company reported <a href="https://www.benzinga.com/news/earnings/25/03/44108638/best-buy-q4-earnings-sales-dip-solid-computing-demand-dividend-hike-and-more">upbeat fourth-quarter sales</a>.
The results came in amid an <a href="https://www.benzinga.com/earnings">exciting earnings season</a>. Here are some key analyst takeaways.
<h1 class="wp-block-heading">Goldman Sachs On Best Buy</h1>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58580bcbee7bf60001bcfa29/kate-mcshane">Analyst Kate McShane</a> reaffirmed a Buy rating while reducing the price target from $106 to $101.
Best Buy reported mostly better-than-expected fourth-quarter results, McShane said in a note. Comparable sales rose 0.5% year-on-year, beating consensus expectations of a decline of 1.3%, and it was the first time enterprise comp turned positive since the third quarter of 2021, she added.
The company appears to be well positioned to capitalize on "increased demand from replacement cycle and innovation driven purchases (even if prices were to go higher as a result of tariffs)," the analyst stated. "Additionally, the investments that the company is making in alternative revenue streams like Marketplace and Best Buy ads, will be incremental to margin and sales over time," she further wrote.
<h1 class="wp-block-heading">Telsey Advisory Group On Best Buy</h1>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e301e08430dee0001c88c8d/joseph-feldman">Analyst Joseph Feldman</a> reiterated an Outperform rating while cutting the price target from $110 to $100.
Best Buy reported earnings of $2.58 per share, exceeding consensus of $2.40 per share, driven mainly by higher-than-expected comps of 0.5%, Feldman said. This was the first positive comp since the third quarter of 2021 and reflects the effectiveness of the company's holiday promotions, the return of Doorbusters and the impact of product innovation and the replacement cycle, he added.
Best Buy faces "significant new risk" due to the Trump administration's new tariffs, as the company sources around 60% of its product from China and about 20% from Mexico, the analyst stated.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
<h1 class="wp-block-heading">Wedbush On Best Buy</h1>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5846ee57ee7bf6000154d134/seth-basham">Analyst Seth Basham</a> maintained a Neutral rating while slashing the price target from $90 to $83.
Best Buy reported comps of 0.5% and margins at 4.9%, Basham said. Although the company's margins contracted by seven basis points year-on-year, they came in higher than the consensus of 4.7%, he added.
Management guided 2025 sales between $41.4 billion and $42.2 billion, with comps ranging from flat to +2% and up to 10 store closures, the analyst stated. The company expected stronger growth in the second half of the year "due to natural upgrade and replacement cycles, innovation/product launch cycles and as Windows 10 support is slated to shut down," he further wrote.
<h1 class="wp-block-heading">Raymond James On Best Buy</h1>
Analyst Bobby Griffin reiterated an Outperform rating on the stock.
Best Buy's comps in the fourth quarter were driven by "growth in computing, tablets, and services, with laptop sales rising 10%," Griffin said. Gross margins expanded to 20.9%, beating expectations, and were "driven by stronger profitability in services, particularly from paid memberships and attached warranty sales," he added.
The company indicated "tailwinds from the upcoming Windows 10 end-of-support cycle in October and AI-driven computing innovations, both of which could help sustain demand for higher-end laptops in the back half of FY26," the analyst wrote.
BBY Price Action: Shares of Best Buy had risen by 1.37% to $76.23 at the time of publication on Wednesday.
Read More:   • <a href="https://www.benzinga.com/25/03/44140954/tariffs-cast-a-shadow-over-best-buy-target-but-is-it-a-buying-opportunity">Tariffs Cast A Shadow Over Best Buy, Target: Could This Be A Buying Opportunity?</a>
Photo: Shutterstock

Earnings Beats

Reiteration

Best Buy's Comp Sales Turns Positive After 12 Quarters, Heightened Tariff Concerns Weigh On Outlook, Analysts Say

DA Davidson analyst Michael Baker maintains Best Buy Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) with a Buy and lowers the price target from $117 to $110.

DA Davidson Maintains Buy on Best Buy Co, Lowers Price Target to $110

Wedbush analyst Seth Basham maintains Best Buy Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) with a Neutral and lowers the price target from $90 to $83.

Wedbush Maintains Neutral on Best Buy Co, Lowers Price Target to $83

Citigroup analyst Steven Zaccone maintains Best Buy Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) with a Buy and lowers the price target from $105 to $93.

Citigroup Maintains Buy on Best Buy Co, Lowers Price Target to $93

Piper Sandler analyst Peter Keith maintains Best Buy Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) with a Overweight and lowers the price target from $102 to $92.

Piper Sandler Maintains Overweight on Best Buy Co, Lowers Price Target to $92

Keybanc analyst Bradley Thomas reiterates Best Buy Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) from Sector Weight to Sector Weight.

Keybanc Reiterates Sector Weight on Best Buy Coto Sector Weight

Evercore ISI Group analyst Greg Melich maintains Best Buy Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) with a In-Line and lowers the price target from $95 to $80.

Evercore ISI Group Maintains In-Line on Best Buy Co, Lowers Price Target to $80

JP Morgan analyst Christopher Horvers maintains Best Buy Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) with a Overweight and lowers the price target from $115 to $110.

JP Morgan Maintains Overweight on Best Buy Co, Lowers Price Target to $110

Guggenheim analyst Steven Forbes maintains Best Buy Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) with a Buy and lowers the price target from $105 to $90.

Guggenheim Maintains Buy on Best Buy Co, Lowers Price Target to $90

Just as Best Buy Co Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) and Target Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) gear up for a turnaround, <a href="https://www.benzinga.com/topic/tariffs">tariffs are threatening</a> to spoil the party. 
Both retailers are navigating a shifting consumer landscape, but with significant sourcing exposure to <a href="https://www.benzinga.com/topic/china">China</a> and <a href="https://www.benzinga.com/topic/mexico">Mexico</a>, new trade barriers could weigh on margins.
<h2 class="wp-block-heading">Tariffs Eclipse Best Buy's Comeback</h2>
JPMorgan analyst Christopher Horvers sees Best Buy as a clear victim of tariff uncertainty. Despite posting its <a href="https://www.benzinga.com/news/earnings/25/03/44108638/best-buy-q4-earnings-sales-dip-solid-computing-demand-dividend-hike-and-more">first positive comp since third quarter of 2021</a> and showing strong margin upside, the retailer is highly exposed, sourcing 60% of its goods from China and 20% from Mexico.
"Tariffs ruin a strong report," Horvers noted, adding that while AI-driven computing upgrades and gaming tailwinds should help in the second half of 2025, the stock remains under pressure. 
While Horvers has slashed Best Buy stock&#8217;s price target to $110 (from $115), he still believes in the long-term upside, citing self-help measures like advertising growth and its new marketplace.
Read Also: <a href="https://www.benzinga.com/25/03/44115834/best-buy-ceo-says-price-hikes-highly-likely-as-tariffs-take-effect">Best Buy CEO Says Price Hikes &#8216;Highly Likely&#8217; As Tariffs Take Effect</a>
<h2 class="wp-block-heading">Target Tries To Sidestep The Tariff Hit</h2>
Target, meanwhile, is playing a defensive game. Horvers highlights that Target has steadily reduced its China reliance from 60% in 2017 to 30% today, with plans to bring it down to 25% next year. 
They're mitigating the impact, but with new tariffs on China, Mexico, and Canada, uncertainty lingers, he explained. Target is leaning into alternative profit streams like its Roundel ad business and marketplace expansion, which could cushion some of the tariff blow. 
However, Horvers remains cautious on the stock's near-term upside, lowering the price target to $140 (from $146).
Technically, both stocks are struggling. Best Buy is down 12.7% YTD and Target has declined 14.6% YTD. They trade well below key moving averages, signaling further downside risk. 
Until tariff uncertainty clears, investors may remain wary, though Horvers sees long-term opportunity for those willing to look past the trade war turbulence.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/guidance/25/03/44139247/target-unveils-15-billion-sales-growth-strategy-with-focus-on-digital-expansion">Target Unveils $15 Billion Sales Growth Strategy With Focus on Digital Expansion</a></li>
</ul>
Photo: Shutterstock

Tariffs Cast A Shadow Over Best Buy, Target: Could This Be A Buying Opportunity?

Press Releases

Holiday Magic Continues at Best Buy, Black Friday Sale Begins Nov. 21

MANSCAPED® Expands North American Retail Footprint, Launching in Best Buy Canada

Best Buy Reports Third Quarter Results

Best Buy Announces Regular Quarterly Cash Dividend

Best Buy Ads Canada Partners with Rokt to Deliver Highly Relevant Customer Experiences for the Holidays and Beyond

Best Buy Canada's Teen Tech for Tomorrow program awards more than $110,000 to secondary schools and robotics teams across Canada

Best Buy Reports Fourth Quarter Results

NYSE CONTENT ADVISORY: PRE-MARKET UPDATE + TARGET & BEST BUY HIGHLIGHT RETAIL EARNINGS

Contracts

Best Buy Canada Selects PingPong As Their First Cross-Border Partner To Drive International Growth on its Marketplace

Smart Share Global Limited - American Depositary Shares

Smart Share Glb

GameStop

Newegg Commerce

ATRenew Inc. American Depositary Shares (every three of which representing two Class A ordinary shares)

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