BUZZ-Best Buy up after Jefferies raises PT on ads business strength

Reuters

Oct 09

** Shares of electronics retailer Best Buy <BBY.N> up 2.7% to $77.26

** Jefferies raises PT to $95 from $88; retains "buy" rating on stock

** Says the growing influence of Best Buy Ads as a high-margin profit stream is reshaping investor perception and will drive long-term earnings growth

** Brokerage expects Best Buy Ads to emerge as a key EBIT margin contributor in 2026, especially as the company moves past its heavy investment phase in talent and infrastructure

** Best Buy's retail media unit expected to emerge as a standout operation, strengthened by new leadership and strategic hires from Walmart Connect and Target's Roundel, says Jefferies analyst Jonathan Matuszewski

** Eight of 28 brokerages rate the stock "buy" or higher, 19 "hold" and one "sell"; the median PT is $75.50

** Up to last close, stock up nearly 10% YTD

(Reporting by Sanskriti Shekhar in Bengaluru)

((Sanskriti.Shekhar@thomsonreuters.com))

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up 2.7% to $77.26</p><p>** Jefferies raises PT to $95 from $88; retains \"buy\" rating on stock</p><p>** Says the growing influence of Best Buy Ads as a high-margin profit stream is reshaping investor perception and will drive long-term earnings growth</p><p>** Brokerage expects Best Buy Ads to emerge as a key EBIT margin contributor in 2026, especially as the company moves past its heavy investment phase in talent and infrastructure</p><p>** Best Buy's retail media unit expected to emerge as a standout operation, strengthened by new leadership and strategic hires from Walmart Connect and Target's Roundel, says Jefferies analyst Jonathan Matuszewski</p><p>** Eight of 28 brokerages rate the stock \"buy\" or higher, 19 \"hold\" and one \"sell\"; the median PT is $75.50</p><p>** Up to last close, stock up nearly 10% YTD</p><p> (Reporting by Sanskriti Shekhar in Bengaluru)</p><p> ((Sanskriti.Shekhar@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4155","symbol_name":"大卖场与超市","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251008:nL6N3VP0WW:1","article_id":"2574973674","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2574973674","pubTimestamp":1759942757,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Best Buy up after Jefferies raises PT on ads business strength** Shares of electronics retailer Best Buy <BBY.N> up 2.7% to $77.26** Jefferies raises PT to $95 from $88; 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