Added to YB: 2026-10-06
Pitch date: 2026-09-29
BBY [bullish]
Best Buy Co., Inc.
-1.16%
current return
Author Info
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Company Info
Best Buy Co., Inc. offers technology products and solutions in the United States, Canada, and internationally.
Market Cap
$18.4B
Pitch Price
$90.15
Price Target
100.00 (+14%)
Dividend
4.37%
EV/EBITDA
5.54
P/E
14.63
EV/Sales
0.48
Sector
Specialty Retail
Category
value
Consumer Spec - Pre Market Wrap - BBY: TRUIST REITERATES BUY, $100 PT
BBY (quick overview): Truist reiterates Buy with a $100 price target and urges a capital-allocation reset: cut the dividend, whose growth has far outpaced net income growth, and redirect the savings toward buybacks given the discounted equity valuation. If management expects more consistent growth, debt could accelerate repurchases at little net cost because after-tax interest expense approximates current dividend payments; this is Truist’s proposal, not an announced Best Buy plan.
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