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Barchart
Barchart
Sohini Mondal

Best Buy Stock Outlook: Is Wall Street Bullish or Bearish?

Best Buy BBY

With a market cap of $15.4 billion, Best Buy Co., Inc. (BBY) is a leading multinational retailer of consumer electronics, appliances, and technology services, operating in the United States, Canada, and internationally. The company offers a wide range of products and solutions through its physical stores, online platforms, and numerous well-known brands, including Best Buy, Geek Squad, Lively, and Pacific Kitchen & Home.

Shares of the Richfield, Minnesota-based company have lagged behind the broader market over the past 52 weeks. BBY stock has decreased 14.6% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 18.4%. In addition, shares of the company are down 17.5% on a YTD basis, compared to SPX’s 9.9% increase.

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