Truist Cuts Best Buy Target to $73, Keeps Hold Rating After Spending Data Review
ByAinvest
Wednesday, Jan 21, 2026 9:44 pm ET1min read
BBY--
Truist analyst Scot Ciccarelli trimmed Best Buy's price target to $73 from $77 and kept a Hold rating, citing a revision of sales and earnings expectations based on fresh spending data and holiday checks. The company raised its full-year sales and profit outlook in November, driven by strong demand for electronics and gaming. Best Buy expects FY2026 comparable sales to increase by 0.5% to 1.2%.
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