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“Can Best Buy Stock Rally 47% to $100?”

“On Tuesday, the stock received a $100 price target from analysts at Morgan Stanley. That implies a robust rally of almost 50% from current levels. It would also require a move over the 2019 highs near $78, as well as the all-time highs near $80.

However, that is not why Best Buy was moving higher on Wednesday.

It’s up because ahead of Best Buy’s 10 a.m. ET investor meeting, management gave a quick update, saying it expects the company to generate $50 billion in sales by fiscal 2025 and to cut $1 billion in costs and efficiencies…”

https://www.thestreet.com/investing/stocks/can-best-buy-stock-rally-47-to-100-per-share–15103715

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