Street View: Best Buy can weather tariff impact

Best Buy BBY.N forecast annual comparable sales and profit largely below expectations on Tuesday and warned of possibility of higher prices due to President Donald Trump's tariffs, following a Q4 results beat

Shares fell 13.3% on Tuesday

At least ten brokerages cut PT on stock after the forecast

NAVIGATING A CHOPPY ENVIRONMENT

Wedbush ("neutral", PT: $83) sees positive developments for co, but says overhang from tariff exposure creates an unattractive near-term risk-reward ratio

J.P.Morgan ("overweight", PT: $110), however, says risk-reward ratio is good, based on product replacement cycle and gaming looking better in second half of 2025

Telsey Advisory Group ("outperform", PT: $100) says co could manage costs and leverage leadership within consumer electronics; expects a return to growth in 2025 and growth acceleration in 2026

Piper Sandler ("overweight", PT: $92) says lack of product innovation in TVs and appliances lower sales and market share potential, but expects improved housing demand over the next two years to drive sales