Reported 4 months ago
As Best Buy's Geek Squad marks its 30th anniversary, the company has made changes following its first-quarter earnings report that exceeded Wall Street expectations. CEO Corie Barry discussed leveraging artificial intelligence to enhance customer service and improve efficiency. Analysts responded positively to the earnings report, as Citi double-upgraded the company's stock to buy, Truist lowered its price target, and Evercore ISI raised its price target on Best Buy shares. The positive outlook is attributed to tech-replacement cycles, AI innovation, and solid margin execution.
Source: YAHOO