Best Buy Co., Inc. (NYSE:BBY) shares are trading higher on Wednesday after multiple firms raised their respective price targets on the stock following a strong earnings beat.
• BBY stock is moving in positive territory. Get the complete picture here.
Best Buy reported on Tuesday the third-quarter 2026 sales increase of 2.4% year-over-year (Y/Y) to $9.67 billion, beating the consensus of $9.59 billion.
Best Buy raised its fiscal 2026 guidance, now projecting adjusted EPS of $6.25–$6.35 (previously $6.15–$6.30) versus $6.26 consensus, and sales of $41.65 billion–$41.95 billion (previously $41.10 billion–$41.90 billion) versus $41.814 billion consensus.
Analyst Take
Guggenheim analyst Steven Forbes reiterated a Buy …