Best Buy's Biggest Category Is Flashing Warning Signs: Analyst

Benzinga_recent_news02-03 02:40

Best Buy Co., Inc. (NYSE:BBY) is entering a stretch where short-term trading upside may be easier to find than durable gains, according to JP Morgan analyst Christopher Horvers, who sees tax stimulus ...

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(NYSE:BBY) is entering a stretch where short-term trading upside may be easier to find than durable gains, according to JP Morgan analyst Christopher Horvers, who sees tax stimulus ...</p>\n\n<a href=\"https://www.benzinga.com/analyst-stock-ratings/downgrades/26/02/50310881/best-buys-biggest-category-is-flashing-warning-signs-analyst\">Source Link</a>\n\n</div>\n","source":"benzinga_recent_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Best Buy's Biggest Category Is Flashing Warning Signs: Analyst</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBest Buy's Biggest Category Is Flashing Warning Signs: Analyst\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-03 02:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/analyst-stock-ratings/downgrades/26/02/50310881/best-buys-biggest-category-is-flashing-warning-signs-analyst><strong>Benzinga_recent_news</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Best Buy Co., Inc. (NYSE:BBY) is entering a stretch where short-term trading upside may be easier to find than durable gains, according to JP Morgan analyst Christopher Horvers, who sees tax stimulus ...</p>\n\n<a href=\"https://www.benzinga.com/analyst-stock-ratings/downgrades/26/02/50310881/best-buys-biggest-category-is-flashing-warning-signs-analyst\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0868494617.USD","symbol_name":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","start_time":0,"source_url":"https://www.benzinga.com/analyst-stock-ratings/downgrades/26/02/50310881/best-buys-biggest-category-is-flashing-warning-signs-analyst","article_id":"2608894148","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2026/02/02/Best-Buy-Co--Inc-_0.jpeg?optimize=medium&dpr=2&auto=webp&width=240"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/analyst-stock-ratings/downgrades/26/02/50310881/best-buys-biggest-category-is-flashing-warning-signs-analyst","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2608894148","pubTimestamp":1770057600,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"BBY may have short-term trading upside but faces tougher comps, lower earnings expectations, and guidance risk. JP Morgan downgrades.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","BK4567":"ESG概念","BK4588":"碎股","BK4585":"ETF&股票定投概念","BK4076":"电脑与电子产品零售","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0868494708.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) INC","LU0942090050.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD)  INC","BBY":"百思买"},"translate_title":"分析师：百思买最大的类别正在闪烁警告信号","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BBY":1.5},"content_text":"Best Buy Co., Inc. (NYSE:BBY) is entering a stretch where short-term trading upside may be easier to find than durable gains, according to JP Morgan analyst Christopher Horvers, who sees tax stimulus and short covering as potential near-term supports but believes \"sellers higher,\" tougher comparisons from lapping the Switch 2 launch and Windows 10 replacement cycle, and lower forward earnings expectations will likely cap sustained upside.\nReflecting that view, Horvers downgraded Best Buy to Neutral from Overweight and cut his December 2026 price forecast to $76 from $99. The revised target is based on roughly 12x fiscal 2026 earnings and about 5.5x EV/EBITDA, which he believes fairly reflects a retailer facing slowing comps and limited visibility on a longer-term recovery.\nHorvers also reduced his earnings outlook. He cut adjusted EPS estimates to $6.23 from $6.45 for fiscal 2025 and $6.36 from $7.09 for fiscal 2026, citing a tougher fourth-quarter setup and fading category tailwinds. For the fourth quarter of fiscal 2025, he now models -3% comparable sales, 21.0% gross margin, 4.9% operating margin, and EPS of $2.40, below Street expectations, as consumer electronics demand remained softer than anticipated late in the year.\nHorvers is particularly cautious on computing, which accounts for more than 35% of sales, as rising memory costs could lift PC prices by 20–30% and pressure unit demand into 2026. He sees limited margin upside, with benefits from ads, marketplace growth, and supply-chain efficiencies largely offset by tariffs and constrained SG&A leverage, keeping operating margins roughly flat near 4.2%.\nOn competition, Horvers notes a narrowing price-performance gap between value and premium electronics brands, which could pressure ticket size and mix even if unit volumes stabilize. TVs and appliances remain challenged as well, with slow housing turnover limiting recovery.\nBBY Price Action: Best Buy shares were up 0.32% at $65.31 at the time of publication on Monday, according to Benzinga Pro data.\nPhoto via Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2608894148","isCrawlerRequest":true}