Best Buy price target raised to $85 ahead of earnings next week
Piper Sandler hikes its price target on Best Buy to $85 from $77 ahead of earnings next week and says analysts raised second-quarter comp sales estimates on improving traffic trends.
BBY Piper Sandler hiked its price target on Best Buy to $85 from $77 ahead of earnings next week.
Analysts raised their estimates on second-quarter comp sales due to improving traffic trends.
Good news for Best Buy: appliances sold well at Home Depot and Lowe's.
The stock has had a nice move since earnings in May.
A big question that remains is what the rise in memory prices is doing to sales of consumer Electronics like laptops. - per Cramer Investing Club Newsletter