IKEA U.S. and Best Buy Launch New In-Store Kitchen and Laundry Design Centers
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
Updated: Nov 05 20250mins
IKEA and Best Buy Partnership: IKEA U.S. has launched its first cross-brand retail experience in select Best Buy stores in Texas and Florida, allowing customers to shop for IKEA products in a new immersive environment.
Shop-in-Shop Experience: The new IKEA at Best Buy locations will feature planning spaces for kitchens and laundry rooms, staffed by IKEA employees to assist customers in designing their spaces while shopping for appliances.
Launch Celebration: To celebrate the opening, exclusive giveaways and remarks from executives will be offered at select locations, enhancing the customer experience during the launch.
Commitment to Accessibility: This collaboration aims to provide affordable and well-designed home furnishing solutions alongside cutting-edge appliances, reflecting both companies' commitment to improving customer convenience and satisfaction.
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Analyst Views on BBY
Wall Street analysts forecast BBY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BBY is 84.67 USD with a low forecast of 60.00 USD and a high forecast of 99.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
5 Buy
7 Hold
1 Sell
Moderate Buy
Current: 74.060
Low
60.00
Averages
84.67
High
99.00
Current: 74.060
Low
60.00
Averages
84.67
High
99.00
Berenberg
Buy
upgrade
2025-12-05
New
Reason
Berenberg
Price Target
2025-12-05
New
upgrade
Buy
Reason
Berenberg raised the firm's price target on Balfour Beatty to 760 GBp from 710 GBp and keeps a Buy rating on the shares.
Deutsche Bank
Jonathan Coubrough
Buy
upgrade
2025-12-05
New
Reason
Deutsche Bank
Jonathan Coubrough
Price Target
2025-12-05
New
upgrade
Buy
Reason
Deutsche Bank analyst Jonathan Coubrough raised the firm's price target on Balfour Beatty to 715 GBp from 650 GBp and keeps a Buy rating on the shares.
Morgan Stanley
Simeon Gutman
Equal Weight
maintain
$75 -> $82
2025-11-26
Reason
Morgan Stanley
Simeon Gutman
Price Target
$75 -> $82
2025-11-26
maintain
Equal Weight
Reason
Morgan Stanley analyst Simeon Gutman raised the firm's price target on Best Buy to $82 from $75 and keeps an Equal Weight rating on the shares. Sustained momentum from replacement cycles and "solid" execution underpin near-term performance, but longer-term upside hinges on a recovery in higher-margin categories, the analyst tells investors in a post-earnings note.
Truist
Hold
maintain
$79 -> $84
2025-11-26
Reason
Truist
Price Target
$79 -> $84
2025-11-26
maintain
Hold
Reason
Truist raised the firm's price target on Best Buy to $84 from $79 but keeps a Hold rating on the shares. The company continues to operate well in a challenged vertical, having just posted their best comp in about 4 years, as its biggest categories - Bomputing, Mobile and Consumer Electronics - improved sequentially, the analyst tells investors in a research note. November trends slowed vs. tough comparisons however, and while its 3-year stacks were flat, Q4 expectations had already increased, Truist added.
See All Ratings
About BBY
Best Buy Co., Inc. is engaged in personalizing and humanizing technology solutions. The Company has two segments: Domestic and International. The Domestic segment comprises its operations in all states, districts and territories of the United States and its Best Buy Health business and includes the brand names Best Buy, Best Buy Ads, Best Buy Business, Best Buy Essentials, Best Buy Health, Geek Squad, Imagine That, Insignia, Lively, My Best Buy, My Best Buy Memberships, Pacific Kitchen and Home, TechLiquidators and Yardbird; and the domain names bestbuy.com, lively.com, techliquidators.com and yardbird.com. The International segment comprises all its operations in Canada under the brand names Best Buy, Best Buy Express, Best Buy Mobile, Geek Squad and TechLiquidators and the domain names bestbuy.ca and techliquidators.ca. The Company’s product categories include computing and mobile phones, consumer electronics, appliances, entertainment, services and others.
About the author
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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