Best Buy up after Jefferies raises PT on ads business strength
** Shares of electronics retailer Best Buy
** Jefferies raises PT to $95 from $88; retains "buy" rating on stock
** Says the growing influence of Best Buy Ads as a high-margin profit stream is reshaping investor perception and will drive long-term earnings growth
** Brokerage expects Best Buy Ads to emerge as a key EBIT margin contributor in 2026, especially as the company moves past its heavy investment phase in talent and infrastructure
** Best Buy's retail media unit expected to emerge as a standout operation, strengthened by new leadership and strategic hires from Walmart Connect and Target's Roundel, says Jefferies analyst Jonathan Matuszewski
** Eight of 28 brokerages rate the stock "buy" or higher, 19 "hold" and one "sell"; the median PT is $75.50
** Up to last close, stock up nearly 10% YTD
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