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. » More on 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). » More on 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. » More on de.investing.com