UBS has upgraded Best Buy (BBY) to a 'Buy' rating and raised its price target from $85 to $106. The upgrade is driven by expectations of a forthcoming appliance upgrade cycle and new product offerings, which UBS analyst Michael Lasser believes could be significant tailwinds for the stock. Following the upgrade, Best Buy's stock has seen a notable increase, with analysts highlighting multiple paths to potential upside. This move is considered Wall Street's most bullish call on Best Buy.
🇺🇸 Best Buy’s stock leaps after UBS makes Wall Street’s most bullish call https://t.co/cMszFcEqrt
Best Buy $BBY upgraded at UBS, analysts see 'multiple paths to potential upside' https://t.co/3aVSbaphKn https://t.co/7zfSY366vE
Best Buy’s stock leaps after UBS makes Wall Street’s most bullish call https://t.co/I2l7HglgXU
Best Buy Stock Is Higher. Shares Are ‘Fully Charged,’ New Bull Says. https://t.co/gLjkI9NGxC
$BBY UBS upgrades Best Buy, forecasts outperformance ahead UBS thinks a potential forthcoming appliance upgrade cycle as well as new product offerings could lift Best Buy stock. Analyst Michael Lasser upgraded the retailer to buy from neutral and raised his price target to $106…
UBS Upgrades Best Buy $BBY to "Buy" and Raises PT to $106 from $85.
UBS Upgrades Best Buy $BBY to "Buy" and Raises PT to $106 from $85. The analyst thinks potential forthcoming appliance upgrade cycle as well as new product offerings could be the tailwind for stock. Analyst Comments: The convergence of these tailwinds could “come together to…