According to CNBC, Truist Securities upgraded Best Buy to buy from hold and lifted its price target to $95 from $81, implying 15% upside from Monday's close. Analyst Scot Ciccarelli said continued replacement demand, internal changes such as appliance delivery, and early mini-product cycles including AI wearables are supporting improvement at the consumer electronics retailer. He expects Best Buy's domestic comparable sales rose 2.5% in the fiscal second quarter, above the roughly 1% increase expected by analysts, and said the company should benefit further as artificial intelligence adoption accelerates across consumer hardware. Best Buy is set to report fiscal second-quarter earnings on Aug. 27. LSEG data shows 21 of the 26 analysts covering the stock rate it hold, while three have buy or strong buy ratings.