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BBY
(NYSE)
Best Buy Co., Inc.
$84.43-- (--)
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Best Buy Co., Inc. (BBY) Analyst Forecast

Analyst consensus ratings, 12-month price targets, and expert recommendations for Best Buy Co., Inc. stock.

Analyst Consensus Rating

Investment consensus from 19 professional research analysts

Consensus Rating

Hold
Based on 19 unique analysts
(23 total ratings in last 90 days)
High Confidence3.0:1 Buy/Sell

Average Price Target

$78.56
↓ 6.95% Downside

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Strong Sell
Sell
Hold
Buy
Strong Buy

Latest BBY Analyst Ratings & Recommendations

Recent analyst recommendations with rating changes and price target updates (last 90 days)

Anthony Chukumba
Loop Capital
HoldDowngrades
$82.00
Chris Graja
Argus Research
HoldReiterates
$77.00
Jonathan Matuszewski
Jefferies
BuyReiterates
$89.00
Joe Feldman
Telsey Advisory
BuyMaintains
$90.00
Scot Ciccarelli
Truist
HoldMaintains
-
Bradley Thomas
KeyBanc
HoldMaintains
-
Michael Baker
DA Davidson
BuyMaintains
-
PerPlexity Specialty Retail
TipRanks - PerPlexity
BuyReiterates
$87.00 → $88.00
xAi Specialty Retail
TipRanks - xAI
BuyReiterates
$83.00 → $85.00
Joe Feldman
Telsey Advisory
BuyMaintains
$90.00
Michael Baker
DA Davidson
BuyMaintains
-
Steven Zaccone
Citi
HoldReiterates
$60.00 → $79.00
Matt McCartney
Wedbush
HoldMaintains
$75.00
Unknown Analyst
Guggenheim
BuyReiterates
$90.00
Scot Ciccarelli
Truist
HoldMaintains
$66.00 → $81.00
Kate McShane
Goldman Sachs
SellMaintains
$59.00
Christopher Horvers
JP Morgan
HoldReiterates
$76.00 → $84.00
Michael Lasser
UBS
HoldUpgrades
$85.00 → $86.00
Simeon Gutman
Morgan Stanley
HoldInitiates Coverage
$72.00 → $80.00
Kate McShane
Goldman Sachs
SellMaintains
$59.00
Robert Ohmes
BofA Securities
SellMaintains
$60.00
Zachary Fadem
Wells Fargo
HoldMaintains
$60.00 → $65.00
Peter Keith
Piper Sandler
HoldMaintains
$68.00

Frequently Asked Questions

What is the analyst consensus rating for BBY?

The analyst consensus rating for BBY is "Hold" based on 19 analyst recommendations.

What is the average price target for BBY?

The average 12-month price target for BBY is $78.56, representing a downside of 7.0% from the current price of $84.43.

What do analyst ratings mean?

Analyst ratings indicate investment recommendations: Strong Buy and Buy are bullish signals suggesting the stock may outperform. Hold means the stock is fairly valued. Sell and Strong Sell are bearish signals suggesting potential underperformance. These ratings are based on fundamental analysis and valuation models.

What is a price target?

A price target is an analyst's projection of a stock's fair value over a specific timeframe, typically 12 months. Analysts use fundamental analysis, financial modeling, and industry comparisons to estimate where the stock should trade. Price targets can range from low (conservative) to high (optimistic) estimates.