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$BBUY Citi upgrades Best Buy to buy from sell Citi said in its double upgrade of the stock that it sees “upside potential.” “We are double upgrading BBY shares to Buy from Sell. We believe the catalyst path looks positive from here with upside potential to both earnings and…
Best Buy $BBY double-upgraded at Citi as it sees positive catalyst path https://t.co/UwVHITyTL9 https://t.co/9Qk5AtMjTr
CITI: "We are double upgrading $BBY shares to Buy from Sell. .. . Replacement cycles from pandemic purchases are taking hold in laptops and .. should build momentum as new #AI innovation trickles into the assortment likely providing a higher ASP benefit .." Raise our TP to $100…
Best Buy has received a double upgrade from Citigroup, which has raised the retailer's rating from 'Sell' to 'Buy' and increased its price target from $67 to $100. Citigroup cited a positive outlook for Best Buy, driven by tech replacement cycles and new AI innovations, as key factors for the upgrade. Following the announcement, Best Buy shares rose 2.2% in premarket trading. The consumer stock is expected to pop more than 20%.
