Best Buy Plans to Hire 200 New IT Professionals

October 07, 2011

Best Buy announced that it has plans to hire more than 200 information technology professionals, with over 100 new positions to be posted in the next several weeks.The new hires will join the current team of Best Buy IT professionals dedicated to transforming the way people gain access to, and get the most from their technology.Best Buy (NYSE:BBY) has a potential upside of 28.6% based on a current price of $24.16 and an average consensus analyst price target of $31.06.Best Buy is currently below its 50-day moving average (MA) of $24.79 and below its 200-day MA of $30.08.