Best Buy

Best Buy is launching Best Buy Gamers, a beta online gaming hub created with IGN that offers articles, reviews, event updates and deals as the retailer leans into its fast-growing gaming category. The rollout comes ahead of major game releases including Grand Theft Auto VI and a Zelda remake, and follows Best Buy's recent results showing gaming as a key growth driver. The company will also trial in-store gaming experiences starting in Torrance, California, and plans to refine the platform using customer feedback. » Mere på cnbc.com

Best Buy shares rose to a 52-week high of $91.27 and are currently trading at $91.32, with a market capitalization of $19.08 billion. Over the past year the stock gained 18.5%, 43.5% in the past six months and 35.4% year-to-date. Best Buy beat expectations in the second fiscal quarter of 2027 with adjusted earnings of $1.47 per share and revenue of $9.78 billion; comparable sales rose 4.1%. Analyst views are mixed: some raised price targets while others downgraded the stock citing valuation concerns; InvestingPro labels the stock undervalued at the current level (P/E 15.15, PEG 0.23). » Mere på de.investing.com

Best Buy shares fell about 2.2% in premarket trading after DA Davidson downgraded the stock from "Buy" to "Neutral" with a new price target of $95. Analysts cited rich valuation and expected profit-taking after the recent rally from near the 52-week low. DA Davidson slightly raised its Q3 2026 EPS to $1.53 due to a tariff refund, but that was not enough to offset the negative signal from the downgrade. Investors are reassessing the risk-reward as the stock trades near its 52-week high and the market backdrop offers little support. » Mere på de.investing.com

Best Buy announced a cash dividend of $0.96 per common share, payable on October 8, 2026 to shareholders of record on September 17, 2026. The distribution was approved by the board of directors. As of August 1, 2026, 210,378,803 common shares were outstanding. » Mere på de.investing.com

Best Buy reported fiscal Q2 results above expectations with pro forma EPS $1.47 and sales $9.8 billion, and issued raised fiscal 2027 guidance. Management expects about $42.5 billion in sales and pro forma EPS of $6.70–6.90, above Street estimates. International sales declined 4.2%, but stronger U.S. and segment performance offset the weakness, yet the stock dropped about 4.3% intraday. » Mere på finance.yahoo.com