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Barchart
Barchart
Rashmi Kumari

Are Wall Street Analysts Bullish on Best Buy Stock?

Best Buy BBY

Headquartered in Richfield, Minnesota, Best Buy Co., Inc. (BBY) is a leading retailer specializing in consumer electronics, appliances, and technology products. With a market cap of $18.6 billion, Best Buy operates a vast network of retail stores and an e-commerce platform, providing customers with a wide range of products and services, including home entertainment, computing, and smart home solutions. 

Shares of this tech retail giant have underperformed the broader market over the past year. The stock gained 27.9% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 31.1%. In 2024, BBY stock is up 10.5%, while SPX is up 24.7% on a YTD basis.

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