Best Buy price target lowered to $90 from $105 at Guggenheim

Guggenheim lowered the firm’s price target on Best Buy (BBY) to $90 from $105 and keeps a Buy rating on the shares. Though Best Buy’s Q4 results came in ahead of expectations and management’s initial 2025 outlook bracketed the firm’s original EPS forecast, elevated tariff-related uncertainty “acted as a tremendous weight on investor sentiment,” as evidenced by the shares’ 13% decline post-earnings, the analyst says. The firm is lowering estimates and decreasing its 12-month price target accordingly, the analyst noted.