) -- After losing more than 8% of its value on Tuesday,

Best Buy's

(BBY) - Get Report

price target was raised by several analysts.

Goldman Sachs lifted Best Buy's price target to $46 from $45, while UBS raised it to $50 and Wedbush Securities upped it to $44.

Shares of Best Buy tumbled after the company warned Tuesday that it would see lower profit margins in the fourth quarter as shoppers pick up lower-margin items like netbooks and entry-priced televisions.

"In fairness, these concerns look discounted in the stock, which fell sharply on the composition of guidance even though guidance and estimates are rising," Goldman Sachs wrote in a note.

Best Buy reported that its third-quarter profit more than tripled

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and lifted its full-year earnings outlook.

Societe General, on the other hand, downgraded the company on Wednesday to sell from buy, saying its performance was "marginally disappointing."

-- Reported by Jeanine Poggi in New York.


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