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Best Buy forecasts upbeat sales on steady gadgets demand, ads and marketplace growth
Reuters69d agobullish
Best Buy forecasts upbeat sales on steady gadgets demand, ads and marketplace growth

U.S. electronics retailer Best Buy forecast second-quarter sales above Wall Street expectations after beating Q1 estimates on Thursday, amid steady demand for ‌laptops and smartphones and growth in its ads and marketplace channels. CEO Corie ‌Barry is set to step down at the end of October and will be succeeded by Jason Bonfig, ​a company veteran who is expected to focus on expanding its higher-margin advertising and marketplace businesses. Best Buy has been "scaling new profit ⁠streams like Best Buy Ads and Marketplace that we expect to provide considerable benefit over time," Barry said.

DRAM: Is the fastest-growing ETF ever just another momentum trade?
Yahoo Finance Video71d agoneutralVIDEO
DRAM: Is the fastest-growing ETF ever just another momentum trade?

Yahoo Finance Executive Editor welcomes Great Hill Capital Chairman and Managing Member Thomas Hayes, Yahoo Finance Senior Reporter Brooke DiPalma, and Senior Business Reporter Ines Ferre to discuss Opening Bid's stock of the day, DRAM (DRAM), the memory-focused ETF that has rapidly become the fastest-growing ETF in history amid soaring demand for AI infrastructure and memory chips.

Is Best Buy’s (BBY) Student Tech Perks Masking Deeper Supply Chain And Leadership Questions?
Simply Wall St.74d agobullish
Is Best Buy’s (BBY) Student Tech Perks Masking Deeper Supply Chain And Leadership Questions?

BMO Financial Group recently launched a collaboration with Best Buy Canada, offering eligible post-secondary students who open and fund a BMO Student Chequing Account a C$200 Tech Reward that can be used on a curated range of products from brands such as Sony, JBL, Nespresso, Dyson and Google Fitbit. At the same time, Best Buy is preparing for an upcoming earnings report while managing product shortages and a pending CEO transition, which together are shaping how investors think about its...

A Look At Best Buy (BBY) Valuation As Earnings Expectations And Cautious Sentiment Shape The May 28 Report
Simply Wall St.75d agobullish
A Look At Best Buy (BBY) Valuation As Earnings Expectations And Cautious Sentiment Shape The May 28 Report

Best Buy (BBY) heads into its May 28 earnings release with expectations for higher revenue, but recent commentary points to cautious sentiment around the likelihood of an earnings beat and near term stock reaction. See our latest analysis for Best Buy. With the share price at $61.15, Best Buy’s 7 day share price return of 7.9% contrasts with a year to date share price decline of 11.6% and a 1 year total shareholder return decline of 8.7%. This suggests momentum has picked up recently even as...

Best Buy Ikea Partnership Tests New Channel For Undervalued Stock
Simply Wall St.81d agobullish
Best Buy Ikea Partnership Tests New Channel For Undervalued Stock

Best Buy (NYSE:BBY) is partnering with Ikea to offer in store technology and appliance consultation services. The partnership gives Ikea shoppers access to Best Buy experts for product advice, configuration, and ordering support. Best Buy will provide consultation and ordering services from within Ikea locations, creating a new customer touchpoint for the retailer. Best Buy enters this partnership with Ikea at a time when its stock has been under pressure, with NYSE:BBY down 18.6% year to...

How The Best Buy (BBY) Narrative Is Shifting On Cautious Targets And Stable Fair Value
Simply Wall St.86d agobullish
How The Best Buy (BBY) Narrative Is Shifting On Cautious Targets And Stable Fair Value

Best Buy’s fair value anchor holds at US$72.50, signaling no shift in the core price target used in this latest update. That stability comes as analysts remain split but generally cautious, with some raising targets on stronger Q4 execution while others trim expectations on softer traffic and competitive pressure in consumer electronics. As you read on, you will see how this steady US$72.50 view fits into the back and forth in analyst opinions and what to watch as the story continues to...