Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Best Buy Co Inc Market Cap
Based on ratings from 25 stock analysts, the Best Buy Co Inc stock price is expected to increase by 6.89% in 12 months. This is calculated by using the average 12-month stock price forecast for Best Buy Co Inc. The lowest target is $80 and the highest is $123. Please note analyst price targets are not guaranteed and could be missed completely.
About 25 Wall Street analysts have assigned BBY 7 buy ratings, 16 hold ratings, and 2 sell ratings. This means that analysts expect Best Buy Co Inc to outperform the market. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on BBY. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of BBY.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Karen Short Melius Research | Hold | $100 | Initiates | Sep 23, 2024 |
| Kate McShane Goldman Sachs | Buy | $116 | Maintains | Sep 3, 2024 |
| Christopher Horvers JP Morgan | Overweight | $111 | Maintains | Aug 30, 2024 |
| Scot Ciccarelli Truist Securities | Hold | $107 | Maintains | Aug 30, 2024 |
| Anthony Chukumba Loop Capital | Buy | $110 | Maintains | Aug 30, 2024 |
| Michael Lasser UBS | Buy | $123 | Maintains | Aug 30, 2024 |
| Joseph Feldman Telsey Advisory Group | Outperform | $115 | Maintains | Aug 30, 2024 |
| Steven Zaccone Citigroup | Buy | $115 | Maintains | Aug 30, 2024 |
| Elizabeth Suzuki B of A Securities | Underperform | $80 | Maintains | Aug 30, 2024 |
| Greg Melich Evercore ISI Group | In-Line | $94 | Maintains | Aug 30, 2024 |
| Peter Keith Piper Sandler | Overweight | $114 | Reiterates | Aug 30, 2024 |
| Seth Sigman Barclays | Equal-Weight | $95 | Maintains | Aug 30, 2024 |
| Seth Basham Wedbush | Neutral | $95 | Maintains | Aug 30, 2024 |
| Zachary Fadem Wells Fargo | Equal-Weight | $95 | Maintains | Aug 30, 2024 |
| Joseph Feldman Telsey Advisory Group | Outperform | $95 | Maintains | Aug 23, 2024 |
| Scot Ciccarelli Truist Securities | Hold | $86 | Maintains | Jul 1, 2024 |
| Michael Lasser UBS | Buy | $106 | Upgrade | Jun 17, 2024 |
| Anthony Chukumba Loop Capital | Buy | $100 | Maintains | Jun 7, 2024 |
| Steven Zaccone Citigroup | Buy | $100 | Upgrade | Jun 3, 2024 |
| Greg Melich Evercore ISI Group | In-Line | $90 | Maintains | May 31, 2024 |
When did it IPO
1985
Staff Count
85,000
Country
United States
Sector/Industry
Consumer Cyclical/Specialty Retail
CEO
Ms. Corie Sue Barry
Market Cap
$21.13B
In 2023, BBY generated $46.30B in revenue, which was a decrease of -10.55% from the previous year. This can be seen as a signal that BBY's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Tue, 08 Oct 2024
Sentiment - POSITIVE
Source - MarketBeat
Summary - Buy Best Co. Inc. (NYSE: BBY) is a major retailer in consumer electronics, with physical stores averaging 36,800 square feet, a trend that has been decreasing.
Why It Matters - Best Co. Inc.'s decline in store size may indicate a shift towards e-commerce, affecting sales strategies and profitability, which could impact stock performance and investor sentiment.
Tue, 08 Oct 2024
Sentiment - POSITIVE
Source - MarketBeat
Summary - Key trends for late 2024 include an AI data center boom, GLP-1 drug shortages, rising nuclear power demand, potential interest rate cuts, off-price shopping growth, and a recovering ad and cloud market.
Why It Matters - Seasonal trends in AI, healthcare, energy, and retail indicate shifting market dynamics, affecting stock performance and investment strategies as 2024 approaches.
Tue, 08 Oct 2024
Sentiment - NEUTRAL
Source - Barrons
Summary - Kamala Harris proposes Medicare coverage for long-term home care services, creating uncertainty for Brookdale Senior Living and Ensign Group.
Why It Matters - Proposed Medicare changes could impact funding and demand for senior care services, affecting profitability and stock prices of companies like Brookdale Senior Living and Ensign Group.
Wed, 02 Oct 2024
Sentiment - NEGATIVE
Source - GuruFocus
Summary - Best Buy (BBY) stock fell 1.36% to $99.97 with a trading volume of 795,462 shares and a turnover rate of 0.37%. The stock's volatility was 1.38%.
Why It Matters - Best Buy's stock drop and high trading volume indicate potential investor concern, impacting market sentiment and signaling possible volatility ahead.
Wed, 25 Sep 2024
Sentiment - POSITIVE
Source - Benzinga
Summary - Consumers are expected to increase spending this holiday season, supported by a recent 50 basis-point Federal Reserve rate cut, despite ongoing high interest rates.
Why It Matters - Strong consumer spending amidst high interest rates signals economic resilience. A Fed rate cut may boost holiday sales, impacting retail stocks and overall market sentiment positively.
Thu, 19 Sep 2024
Sentiment - POSITIVE
Source - Seeking Alpha
Summary - Best Buy's Q2 earnings surpassed expectations, raising shares nearly 30% YTD. Analysts upgraded to neutral, advising caution due to risks like declining same-store sales and margin pressures.
Why It Matters - Best Buy's strong Q2 earnings led to a significant share price increase, but concerns about declining sales, dividend sustainability, and margin pressures signal potential risks ahead.
The information that Ticker Nerd provides is general in nature as it has been prepared without taking account of your objectives, financial situation or needs. It is not intended as legal, financial or investment advice and should not be construed or relied on as such. Ticker Nerd is for information purposes only. Ticker Nerd is not responsible for any damages or losses that may occur as a result of reliance on this information. Before making any commitment of a legal or financial nature you should seek advice from a qualified and registered legal practitioner or financial or investment adviser. All content, group, messaging, tweets, newsletter, article, and email created by Ticker Nerd is intended for educational and information purposes only, is not financial, investment, legal or tax advice, and is a restatement, summary or extract of other data and research reports that are widely distributed from sources such as, but not limited to, Bloomberg, Market Watch, Wall Street Journal, Google Finance, and Yahoo Finance. Ticker Nerd is not a registered financial, investment, legal or tax advisor and is not liable for any financial loss you may incur acting on any information provided by Ticker Nerd. By registering, you agree not to hold Ticker Nerd liable at any time or under any circumstances for your decisions, actions, or results.
