Best Buy (BBY) stock is doing well on the price charts so far in 2024, up roughly 16% including Monday's jump of nearly 4%. While BBY has already had a great run this year, one Wall Street firm thinks shares can rally another 17% from here.
In a June 17 note, UBS Global Research analyst Michael Lasser upgraded Best Buy stock to Buy from Neutral (equivalent to Hold) and raised his price target on the consumer discretionary stock to a Street-high $106 from $85.
