BBY · News · 20260807N

Macroeconomic Consumer Pressure

BEST BUY CO INC · 2026-08-07 · Importance 10 · Surprise 6

Jefferies downgraded Best Buy to Hold from Buy because of concerns about weakening consumer demand. The analyst cited potential earnings-per-share disappointment from challenging comparisons and rising laptop prices. The reporting does not quantify the expected revenue or earnings impact or specify a timeframe beyond the upcoming earnings period.

Key facts

• Best Buy Co. Inc. stock rose 2.47% to $82.00 on Friday, snapping a two-day losing streak. source
• Jefferies maintained its $85 price target on Best Buy while noting the stock was trading at about $82. source