11:35 AM EDT, 08/13/2025 (MT Newswires) -- Best Buy ( BBY ) Q2 results are unlikely to be a "major stock catalyst in either direction," UBS Securities said.

The brokerage said in a Tuesday note that the market anticipates Q2 comparable sales to stay largely unchanged from the previous quarter.

While certain product launches, such as the Nintendo Switch 2, may provide localized boosts, Best Buy's ( BBY ) overall top-line momentum has yet to show a broad recovery.

Best Buy's ( BBY ) "underlying momentum" has not changed much recently, the note said, with investors likely focused on downside risks from tariffs and related price increases in the back half of the year.

UBS noted that the company started tweaking prices and promotions in mid-May and that the company has made progress in mitigating tariff exposure, including lowering China sourcing.

Meanwhile, due to the recent 90-day extension for the China tariff talks, Best Buy's ( BBY ) calendar year 2025 guidance will "probably remain relatively stable," the note said.

The firm expects fiscal Q2 EPS to come in around $1.20, close to consensus.

UBS maintained its buy rating and $90 price target on Best Buy ( BBY ).

Shares of Best Buy ( BBY ) were up 1.5% in recent Wednesday trading.

Price: 71.27, Change: +1.03, Percent Change: +1.47