11:00 AM EDT, 05/28/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our target by $8 to $77 using a forward P/E of 11.7x compared to the three-year historical average at 11.6x and the five-year average at 12.0x. We are increasing our FY 27 (Jan.) EPS estimate by $0.02 to $6.60 and FY 28's by $0.25 to $7.05. Both periods are subject to the risk of a slower U.S. economy and higher cost of living that hurts consumer discretionary spending, including consumer electronics and appliances. A new CEO brings vitality and the experience to create new merchandising and operational changes that should fuel higher top-line growth and wider margins. Our revenue projections are $42.0B in FY 27 and $42.6B in FY 28. Same-store comp sales guidance is -1.0% to +1.0%, which excludes new initiatives to drive higher sales per square feet in existing store (management stated on the earnings call that empty space in stores may represent a sales opportunity). Key gaming, computing, mobile phones and services categories are major sales growth drivers.