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Best Buy Stock: Buy, Sell, or Hold?

Best Buy Stock: Buy, Sell, or Hold?

Best Buy's (NYSE: BBY) stock ticked up by 3% after the company delivered its latest earnings report. Best Buy's growth rates seem sluggish, but they cleared Wall Street's low bar, which had been adjusted to account for the near-term macroeconomic headwinds. Best Buy experienced a major growth spurt during the first couple of years of the pandemic as consumers bought new PCs to attend online classes, work remotely, and play graphically intensive video games.