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Best Buy Stock Slips on Slashed Sales Outlook
BBYBest Buy(BBY) Schaeffers Investment Research·2025-05-29 22:48

Best Buy Co Inc (NYSE:BBY) reported a revenue miss for the first quarter, but the bigger news is a slashed full-year sales outlook, as the cost of electronics jumps due to President Donald Trump's tariffs. The retailer also said it will likely have to raise prices. At last glance, BBY was 6.4% lower to trade at $66.98.Though analysts already lean pessimistic toward the shares, there is still room for price-target cuts and/or downgrades. In fact, nine of the 22 firms in question sill carry a "strong buy" rat ...