2 Reasons to Consider Best Buy Stock
There's no comeback story in retail quite like Best Buy's (NYSE: BBY). The stock has surged by more than a factor of five since bottoming out at the beginning of 2013. The consumer-electronics giant has slashed costs, made major investments in the online business that have paid off, and shown improvement in comparable sales growth. As a result, profits have soared, and the stock price has followed suit.
With shares of Best Buy now sitting right around their all-time high, the stock isn't nearly as cheap as it was a few years ago. But that doesn't mean it's still not worthy of your investment dollars. Here are two reasons why investors should consider putting Best Buy in their portfolios.
Image source: Best Buy.
Source: Fool.com
Best Buy Co. Stock
€89.53
-1.150%
Our community is currently high on Best Buy Co. with 19 Buy predictions and 3 Sell predictions.
As a result the target price of 92 € shows a slightly positive potential of 2.76% compared to the current price of 89.53 € for Best Buy Co..
