Goldman Sachs sees demand for tech products driving this retail stock up 20%

France Nouvelles Nouvelles

Goldman Sachs sees demand for tech products driving this retail stock up 20%
France Dernières Nouvelles,France Actualités
  • 📰 CNBC
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

This retailer's stock valuation isn't discounting the potential for a 'demand inflection' next year, Goldman says.

Best Buy shares are poised to rise over the next year thanks to growing demand for certain tech products, according to Goldman Sachs. The firm upgraded the stock to buy from neutral on Thursday and updated its price target to $85 per share, implying 21.1% upside from Wednesday's closing price. The shares were up more than 2% in premarket trading Thursday.

" BBY 6M mountain Best Buy shares over the past six months "Our view for a potential inflection is supported by recent commentary surrounding stabilizing demand for certain tech products" – specifically, TVs and laptops, she added. "We see the potential for demand to stabilize and/or recover next year, supported by innovation and the upgrade/replacement cycle.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

CNBC /  🏆 12. in US

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Goldman Sachs' profit plummeted 33% in the third quarterGoldman Sachs' profit plummeted 33% in the third quarterIt’s the eighth straight quarter the bank has seen a year-over-year profit decline.
Lire la suite »

Stocks making the biggest moves midday: Nvidia, Goldman Sachs, Lockheed Martin and moreStocks making the biggest moves midday: Nvidia, Goldman Sachs, Lockheed Martin and moreThese are the stocks posting the largest moves in midday trading.
Lire la suite »

Dow drops nearly 100 points on losses for Goldman Sachs, Intel sharesDow drops nearly 100 points on losses for Goldman Sachs, Intel sharesSupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
Lire la suite »

Goldman Sachs CEO gives up high-profile DJ gigsGoldman Sachs CEO gives up high-profile DJ gigsGoldman Sachs chief executive David Solomon has stopped DJing at high-profile events because of the attention the gigs grab, the company has confirmed.
Lire la suite »

Dollar Tree’s stock has tumbled — but wealthier new customers could change thatDollar Tree’s stock has tumbled — but wealthier new customers could change thatGoldman Sachs cites ‘improving discretionary cash flow’ outlook for lower- and middle-income consumers next year
Lire la suite »

'Texas Chainsaw Massacre' Turns 20: Why Jessica Biel's Reaction to Leatherface Is So Terrifying'Texas Chainsaw Massacre' Turns 20: Why Jessica Biel's Reaction to Leatherface Is So TerrifyingJessica Biel chatted with ET on the set of the 2003 remake of 'Texas Chainsaw Massacre.' In this behind-the-scenes interview, the '7th Heaven' alum explained why she held off on seeing Leatherface's mask and costume until they filmed their first scene together.
Lire la suite »



Render Time: 2025-02-27 17:11:54