Best Buy CoNYSE: BBY

Consumer electronics retailer Best Buy Inc. NYSE: BBY stock surged to 52-week highs following a robust fiscal Q1 2025 performance. The company offers a vast selection of hardline products, including laptops, desktop computers, appliances, televisions, cameras, mobile phones, video game consoles, music, and movies.

Best Buy's (NYSE: BBY) shares recently jumped significantly.

Best Buy is hoping Microsoft's Copilot+ will help end its 10 quarters of declining comparable sales. More than 30,000 employees have been trained to help sell the new AI-enabled PCs.

Retail sales was weaker than expected in May.

Best Buy stock has tumbled since the pandemic, and sales have been slumping. The push to bring AI capabilities to PCs from Microsoft, Qualcomm, and others could trigger a major upgrade cycle and boost Best Buy's sales.

The Expansion Marks Inaugural Brick-and-Mortar Retailer Presence in the U.S. for the Award-Winning, Global Beauty Brand  NEW YORK , June 18, 2024 /PRNewswire/ -- Ulike , the global leader and pioneer of IPL (Intense Pulsed Light) hair removal, announces today its launch in Best Buy stores nationwide and availability on BestBuy.com . The new distribution signals the brand's entrance into U.S. brick-and-mortar locations as the company continues to gain momentum and popularity with American consumers.

Best Buy Co Inc (NYSE:BBY) shares traded higher after the consumer electronics retailer was upgraded to a ‘Buy' rating by analysts at UBS. The analysts also boosted their price target on Best Buy from $85 to $106.

UBS upgraded Best Buy Co Inc (NYSE:BBY) to "buy" from "neutral," with a price-target hike to $106 from $85.

Best Buy Co., Inc. (NYSE:BBY ) Oppenheimer's 24th Annual Virtual Consumer Growth and E-Commerce Conference June 10, 2024 11:15 AM ET Company Participants Corie Barry - Chief Executive Officer Matt Bilunas - Chief Financial Officer Conference Call Participants Brian Nagel - Oppenheimer Brian Nagel Well, good morning to everyone. Thank you for joining us for Day 1 for our 24th Annual Oppenheimer Consumer Growth and E-Commerce Conference.