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 80.47 USD with a low forecast of 60.00 USD and a high forecast of 95.00 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.
20 Analyst Rating
7 Buy
12 Hold
1 Sell
Moderate Buy
Current: 75.720
Low
60.00
Averages
80.47
High
95.00
Current: 75.720
Low
60.00
Averages
80.47
High
95.00
JPMorgan
Overweight
maintain
$89 -> $97
2025-11-14
New
Reason
JPMorgan
Price Target
$89 -> $97
2025-11-14
New
maintain
Overweight
Reason
JPMorgan raised the firm's price target on Best Buy to $97 from $89 and keeps an Overweight rating on the shares ahead of the company's Q3 report. JPMorgan also added Best Buy to its "Positive Catalyst Watch" list. The firm increased earnings and comp forecasts citing Best Buy's stronger than expected sales and "solid" gross margin performance. The analyst sees earnings upside in Q3 and Q4 driving a "richer valuation" for the shares.
Truist
Hold
maintain
$72 -> $79
2025-11-07
Reason
Truist
Price Target
$72 -> $79
2025-11-07
maintain
Hold
Reason
Truist raised the firm's price target on Best Buy to $79 from $72 and keeps a Hold rating on the shares. After benefiting from Switch 2 sales in Q2, Truist Card Data implies that sales improved again in Q3, and the firm believes the company continues to benefit from the platform launch, the analyst tells investors in a research note.
Argus
Hold
maintain
2025-09-16
Reason
Argus
Price Target
2025-09-16
maintain
Hold
Reason
Argus keeps a Hold rating on Best Buy but notes that the company's investments in its e-commerce infrastructure and management's ability to adapt gives the firm confidence in its ability to launch new initiatives. Best Buy also stands to benefit from sales of new computers, tablets, phones, and wearable devices that are more adept in using artificial intelligence products, the analyst tells investors in a research note, adding that the firm would "strongly consider" adding the stock to its Buy list.
Wells Fargo
Equal Weight
maintain
$67 -> $75
2025-08-29
Reason
Wells Fargo
Price Target
$67 -> $75
2025-08-29
maintain
Equal Weight
Reason
Wells Fargo raised the firm's price target on Best Buy to $75 from $67 and keeps an Equal Weight rating on the shares. Optimism was building, and Best Buy nicely topped Q2 expectations, with quarter-to-date comparable sales tracking +low single digits, and an intact FY26 outlook, the firm notes. That said, Wells believes obstacles remain, and post-recent rally, it sees less room for error.
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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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