12 Month Price Forecast For BBY
Distance to BBY Price Forecasts
BBY Price Momentum
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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.
Data last updated: January 23, 2025 3:16 AM UTC
BBY Analyst Ratings & Price Targets
Based on our analysis of 28 Wall Street analysts, BBY has a consensus that is neutral. The median price target is $100.00, with forecasts ranging from $80.00 to $117.00. Currently, there are 11 Buy ratings, 18 Hold ratings, and 1 Sell ratings.
With BBY currently trading at $83.92, the median price forecast suggests a 19.2% upside. The most optimistic forecast comes from Christopher Horvers at JP Morgan, projecting a 39.4% upside, while Elizabeth Suzuki at B of A Securities provides the most conservative target, suggesting a -4.7% downside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
BBY Analyst Consensus
BBY Price Target Range
Latest BBY Stock Forecasts by Analyst
These are the latest 20 analyst ratings and price targets for BBY.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Jan 21, 2025 | Morgan Stanley | Simeon Gutman | Equal-Weight | Maintains | $100.00 |
| Jan 9, 2025 | Barclays | Seth Sigman | Equal-Weight | Maintains | $89.00 |
| Dec 18, 2024 | Loop Capital | Anthony Chukumba | Buy | Reiterates | $100.00 |
| Nov 29, 2024 | Guggenheim | Steven Forbes | Buy | Maintains | $105.00 |
| Nov 27, 2024 | Wells Fargo | Zachary Fadem | Equal-Weight | Maintains | $89.00 |
| Nov 27, 2024 | Truist Securities | Scot Ciccarelli | Hold | Maintains | $95.00 |
| Nov 27, 2024 | UBS | Michael Lasser | Buy | Maintains | $115.00 |
| Nov 27, 2024 | Loop Capital | Anthony Chukumba | Buy | Maintains | $100.00 |
| Nov 27, 2024 | Citigroup | Steven Zaccone | Buy | Maintains | $101.00 |
| Nov 26, 2024 | Telsey Advisory Group | Joseph Feldman | Outperform | Maintains | $110.00 |
| Nov 22, 2024 | JP Morgan | Christopher Horvers | Overweight | Maintains | $117.00 |
| Nov 8, 2024 | Citigroup | Steven Zaccone | Buy | Maintains | $109.00 |
| Oct 15, 2024 | DA Davidson | Michael Baker | Buy | Maintains | $117.00 |
| Sep 23, 2024 | Melius Research | Karen Short | Hold | Initiates | $100.00 |
| Sep 3, 2024 | Goldman Sachs | Kate McShane | Buy | Maintains | $116.00 |
| Aug 30, 2024 | B of A Securities | Elizabeth Suzuki | Underperform | Maintains | $80.00 |
| Aug 30, 2024 | Barclays | Seth Sigman | Equal-Weight | Maintains | $95.00 |
| Aug 30, 2024 | Wells Fargo | Zachary Fadem | Equal-Weight | Maintains | $95.00 |
| Aug 30, 2024 | Truist Securities | Scot Ciccarelli | Hold | Maintains | $107.00 |
| Aug 30, 2024 | Telsey Advisory Group | Joseph Feldman | Outperform | Maintains | $115.00 |
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The following stocks are similar to Best Buy based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Best Buy Co Inc (BBY) Financial Data
Best Buy Co Inc has a market capitalization of $18.07B with a P/E ratio of 14.5x. The company generates $42.54B in trailing twelve-month revenue with a 3.0% profit margin.
Revenue growth is -3.1% quarter-over-quarter, while maintaining an operating margin of +4.0% and return on equity of +42.4%.
Valuation Metrics
Growth & Margins
Financial Health
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Best Buy Co Inc (BBY) Company Overview
About Best Buy Co Inc
Retailer of technology and consumer products.
The company operates a multi-channel retail model, selling a wide range of technology products, appliances, and consumer electronics through physical stores and online platforms. It generates revenue from product sales, mobile network carrier commissions, and various service offerings such as delivery, installation, and technical support.
Best Buy serves a diverse customer base across the United States, Canada, and internationally. The company has established multiple brand identities and domain names to cater to different market segments, including Best Buy Health and Geek Squad for specialized services. Founded in 1966 and headquartered in Richfield, Minnesota, Best Buy has evolved significantly from its origins as Sound of Music, Inc.
Company Information
Sector
Consumer Cyclical
Industry
Specialty Retail
Employees
85,000
CEO
Ms. Corie Sue Barry
Country
United States
IPO Year
1985
Website
corporate.bestbuy.comBest Buy Co Inc (BBY) Latest News & Analysis
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Best Buy will launch a digital marketplace this summer, enabling third-party sellers to integrate their products into its website and app, according to a January 16 announcement.
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BBY is facing challenges in stabilizing sales, with comparable sales continuing to decline due to increased competition and cautious consumer spending.
BBY's declining comparable sales indicate challenges in revenue stability, raising concerns about future growth and profitability in a competitive market.
Frequently Asked Questions About BBY Stock
What is Best Buy Co Inc's (BBY) stock forecast for 2025?
Based on our analysis of 28 Wall Street analysts, Best Buy Co Inc (BBY) has a median price target of $100.00. The highest price target is $117.00 and the lowest is $80.00.
Is BBY stock a good investment in 2025?
According to current analyst ratings, BBY has 11 Buy ratings, 18 Hold ratings, and 1 Sell ratings. The stock is currently trading at $83.92. Always conduct your own research and consider your investment goals before making investment decisions.
What is the price prediction for BBY stock?
Wall Street analysts predict BBY stock could reach $100.00 in the next 12 months. This represents a 19.2% increase from the current price of $83.92. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is Best Buy Co Inc's business model?
The company operates a multi-channel retail model, selling a wide range of technology products, appliances, and consumer electronics through physical stores and online platforms. It generates revenue from product sales, mobile network carrier commissions, and various service offerings such as delivery, installation, and technical support.
What is the highest forecasted price for BBY Best Buy Co Inc?
The highest price target for BBY is $117.00 from Christopher Horvers at JP Morgan, which represents a 39.4% increase from the current price of $83.92.
What is the lowest forecasted price for BBY Best Buy Co Inc?
The lowest price target for BBY is $80.00 from Elizabeth Suzuki at B of A Securities, which represents a -4.7% decrease from the current price of $83.92.
What is the overall BBY consensus from analysts for Best Buy Co Inc?
The overall analyst consensus for BBY is neutral. Out of 28 Wall Street analysts, 11 rate it as Buy, 18 as Hold, and 1 as Sell, with a median price target of $100.00.
How accurate are BBY stock price projections?
Stock price projections, including those for Best Buy Co Inc, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
