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Best Buy (BBY) shares have been in a sharp uptrend since mid-May, but senior Truist analyst Scot Ciccarelli believes they will rip higher from here in the second half of 2026. In a research note on Aug. 11, Ciccarelli upgraded the consumer electronics retailer to “Buy” and raised his price target to $95, indicating potential upside of nearly 15% from here.
His bullish call is particularly significant given that Best Buy stock has already rallied about 50% over the past three months.
