Best Buy Surges to 102nd in Trading Volume Despite Earnings Miss

On May 29, 2025, Best Buy (BBY) saw a significant surge in trading volume, with a turnover of $769 million, marking a 124.5% increase from the previous day. This substantial rise in trading volume positioned Best Buy as the 102nd most actively traded stock for the day.

Best Buy's stock price experienced a decline following the release of its first-quarter earnings report, which fell short of analysts' expectations. The company also issued a revised full-year sales outlook, which was notably lower than previous projections. This revision was attributed to the impact of tariffs on the company's operations and financial performance.

In response to the revised outlook, Jefferies analyst Jonathan Matuszewski adjusted the firm's price target for Best Buy from $92 to $88, while maintaining a "Buy" rating on the stock. This adjustment reflects the analyst's assessment of the company's current challenges and future prospects.

Despite the recent setbacks, Best Buy continues to face scrutiny from analysts and investors alike. The company has been given a consensus rating of "Hold" by the twenty analysts currently covering the stock, indicating a mixed sentiment towards its future performance.