Best Buy resumed with a Strong Buy at Raymond James. Raymond James analyst Matthew McClintock resumed coverage of Best Buy with a Strong Buy rating and a price target of $100. The analyst is positive on the transition of the company's business model from selling only consumer electronic products to offering a range of other services, which he expects will create a "much more dependable, re-occuring, and higher margin revenue stream." McClintock adds that Best Buy can generate at least a 10% earnings per share growth per year over the next 5 years, along with a low-single-digit sales increase and a 10bps expansion in gross margins.
Source thefly
P/e ratio 12.07 Good value
Yield 2.99%
Short 2.95%
Average target price $73.48 Overweight
Company profile
Best Buy Co., Inc. provides consumer electronics, home office products, entertainment products, appliances and related services. It operates through two business segments: Domestic and International. The Domestic segment is comprised of the operations in all states, districts and territories of the U.S., operating under various brand names, including but not limited to, Best Buy, Best Buy Mobile, Geek Squad, Magnolia Audio Video, Napster and Pacific Sales. The International segment is comprised of all operations outside the U.S. and its territories, which includes Canada, Europe, China, Mexico and Turkey. It also markets its products under the brand names: Best Buy, Audio visions, Best Buy Mobile, The Carphone Warehouse, Five Star, Future Shop, Geek Squad, Magnolia Audio Video, Napster, Pacific Sales and The Phone House. The company was founded by Richard M. Schulze in 1966 and is headquartered in Richfield, MN.
Source thefly
P/e ratio 12.07 Good value
Yield 2.99%
Short 2.95%
Average target price $73.48 Overweight
Company profile
Best Buy Co., Inc. provides consumer electronics, home office products, entertainment products, appliances and related services. It operates through two business segments: Domestic and International. The Domestic segment is comprised of the operations in all states, districts and territories of the U.S., operating under various brand names, including but not limited to, Best Buy, Best Buy Mobile, Geek Squad, Magnolia Audio Video, Napster and Pacific Sales. The International segment is comprised of all operations outside the U.S. and its territories, which includes Canada, Europe, China, Mexico and Turkey. It also markets its products under the brand names: Best Buy, Audio visions, Best Buy Mobile, The Carphone Warehouse, Five Star, Future Shop, Geek Squad, Magnolia Audio Video, Napster, Pacific Sales and The Phone House. The company was founded by Richard M. Schulze in 1966 and is headquartered in Richfield, MN.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.