Best Buy Co Inc
NYSE:BBY

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Best Buy Co Inc
NYSE:BBY
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Price: 89.54 USD 3.5% Market Closed
Market Cap: 19.2B USD
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Wall Street
Price Targets

BBY Price Targets Summary
Best Buy Co Inc

Wall Street analysts forecast BBY stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for BBY is 105.73 USD with a low forecast of 80.8 USD and a high forecast of 129.15 USD.

Lowest
Price Target
80.8 USD
10% Downside
Average
Price Target
105.73 USD
18% Upside
Highest
Price Target
129.15 USD
44% Upside

BBY Last Price Targets
Best Buy Co Inc

The latest public price target was made on Sep 23, 2024 by Karen Short from Melius Research , who expects BBY stock to rise by 12% over the next 12 months. You can read more about this price target by viewing the article on TheFly.

Analyst Price Target Date Article
Karen Short
Melius Research
100 USD
Upside 12%
2 months ago
Sep 23, 2024
Best Buy initiated with a Hold at Melius Research
TheFly
Greg Melich
Evercore ISI
94 USD
Upside 5%
2 months ago
Aug 30, 2024
Best Buy removed from 'Tactical Underperform' list, target raised at Evercore
TheFly
Seth Sigman
Barclays
95 USD
Upside 6%
2 months ago
Aug 30, 2024
Best Buy price target raised to $95 from $81 at Barclays
TheFly
Anthony Chukumba
Loop Capital Markets
110 USD
Upside 23%
2 months ago
Aug 30, 2024
Best Buy Analysts Boost Their Forecasts After Upbeat Earnings
Benzinga
Seth Basham
Wedbush
95 USD
Upside 6%
2 months ago
Aug 30, 2024
Best Buy price target raised to $95 from $85 at Wedbush
TheFly
Peter Keith
Piper Sandler
114 USD
Upside 27%
2 months ago
Aug 30, 2024
Best Buy price target raised to $114 from $100 at Piper Sandler
TheFly
Jonathan Matuszewski
Jefferies
116 USD
Upside 30%
2 months ago
Aug 29, 2024
Best Buy price target raised to $116 from $94 at Jefferies
TheFly
Elizabeth Suzuki
Bank of America Securities
70 USD
Downside 22%
2 months ago
Aug 27, 2024
BofA Securities Reiterates Underperform Rating on Best Buy (BBY)
StreetInsider
Michael Lasser
UBS
106 USD
Upside 18%
5 months ago
Jun 17, 2024
Best Buy upgraded to Buy from Neutral at UBS
TheFly
Anthony Chukumba
Loop Capital Markets
100 USD
Upside 12%
5 months ago
Jun 7, 2024
Best Buy price target raised to $100 from $93 at Loop Capital
TheFly
Scot Ciccarelli
Truist Financial
86 USD
Downside 4%
5 months ago
May 31, 2024
Best Buy (BBY) PT Lowered to $86 at Truist Securities
StreetInsider
Greg Melich
Evercore ISI
90 USD
Upside 1%
5 months ago
May 31, 2024
Best Buy (BBY) PT Raised to $90 at Evercore ISI
StreetInsider
Michael Baker
D.A. Davidson
90 USD
Upside 1%
5 months ago
May 30, 2024
Best Buy (BBY) PT Lowered to $90 at DA Davidson
StreetInsider
Jonathan Matuszewski
Jefferies
94 USD
Upside 5%
7 months ago
Apr 8, 2024
Best Buy (BBY) PT Lowered to $94 at Jefferies
StreetInsider
Best Buy
Telsey Advisory
95 USD
Upside 6%
8 months ago
Mar 22, 2024
Best Buy (BBY) upgraded at JPMorgan as deflationary headwinds should moderate
StreetInsider
Jospeh Feldman
Telsey Advisory
95 USD
Upside 6%
8 months ago
Mar 20, 2024
Telsey Upgrades Best Buy (BBY) to Outperform
StreetInsider
Scot Ciccarelli
Truist Financial
87 USD
Downside 3%
8 months ago
Mar 1, 2024
Best Buy Bottoming? 5 Analysts Unpack Q4 Earnings: 'We See Signs, But It's Too Early'
Benzinga
Christopher Horvers
JMP Securities
89 USD
Downside 1%
8 months ago
Mar 1, 2024
Best Buy Bottoming? 5 Analysts Unpack Q4 Earnings: 'We See Signs, But It's Too Early'
Benzinga
Joseph Feldman
Telsey Advisory
75 USD
Downside 16%
8 months ago
Feb 29, 2024
Best Buy Likely To Report Lower Q4 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Benzinga
Seth Basham
Wedbush
75 USD
Downside 16%
9 months ago
Feb 8, 2024
Wall Street's Most Accurate Analysts Hold These 3 Consumer Stocks With Over 4% Dividend Yields
Benzinga
Seth Basham
Wedbush
70 USD
Downside 22%
1 year ago
Nov 22, 2023
These Analysts Cut Their Forecasts On Best Buy After Q3 Results
Benzinga
Kate McShane
Goldman Sachs
85 USD
Downside 5%
1 year ago
Oct 19, 2023
Goldman Sachs Upgrades Best Buy, Sees Potential For Positive Demand Inflection
Benzinga
Joseph Feldman
Telsey Advisory
78 USD
Downside 13%
1 year ago
Aug 21, 2023
Investor Caution: Best Buy's Q2 Revenues To Slump, Analyst Still Calls It Key Player
Benzinga
Joseph Feldman
Telsey Advisory
81 USD
Downside 10%
1 year ago
May 19, 2023
Sales Decline And Margin Compression To Ail Best Buy's Q1 Earnings: Analyst Highlights Challenges
Benzinga
Unknown Analyst
Barclays
88 USD
Downside 2%
1 year ago
Feb 8, 2023
Barclays Initiates Coverage On Best Buy Co with Equal-Weight Rating, Announces Price Target of $88
Benzinga
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Karen Short
Melius Research
Price Target 100 USD
Upside/Downside 12%
View Source
Greg Melich
Evercore ISI
Price Target 94 USD
Upside/Downside 5%
View Source
Seth Sigman
Barclays
Price Target 95 USD
Upside/Downside 6%
View Source
Anthony Chukumba
Loop Capital Markets
Price Target 110 USD
Upside/Downside 23%
View Source
Seth Basham
Wedbush
Price Target 95 USD
Upside/Downside 6%
View Source
Peter Keith
Piper Sandler
Price Target 114 USD
Upside/Downside 27%
View Source
Jonathan Matuszewski
Jefferies
Price Target 116 USD
Upside/Downside 30%
View Source
Elizabeth Suzuki
Bank of America Securities
Price Target 70 USD
Upside/Downside 22%
View Source
Michael Lasser
UBS
Price Target 106 USD
Upside/Downside 18%
View Source
Anthony Chukumba
Loop Capital Markets
Price Target 100 USD
Upside/Downside 12%
View Source
Scot Ciccarelli
Truist Financial
Price Target 86 USD
Upside/Downside 4%
View Source
Greg Melich
Evercore ISI
Price Target 90 USD
Upside/Downside 1%
View Source
Michael Baker
D.A. Davidson
Price Target 90 USD
Upside/Downside 1%
View Source
Jonathan Matuszewski
Jefferies
Price Target 94 USD
Upside/Downside 5%
View Source
Best Buy
Telsey Advisory
Price Target 95 USD
Upside/Downside 6%
View Source
Jospeh Feldman
Telsey Advisory
Price Target 95 USD
Upside/Downside 6%
View Source
Scot Ciccarelli
Truist Financial
Price Target 87 USD
Upside/Downside 3%
View Source
Christopher Horvers
JMP Securities
Price Target 89 USD
Upside/Downside 1%
View Source
Joseph Feldman
Telsey Advisory
Price Target 75 USD
Upside/Downside 16%
View Source
Seth Basham
Wedbush
Price Target 75 USD
Upside/Downside 16%
View Source
Seth Basham
Wedbush
Price Target 70 USD
Upside/Downside 22%
View Source
Kate McShane
Goldman Sachs
Price Target 85 USD
Upside/Downside 5%
View Source
Joseph Feldman
Telsey Advisory
Price Target 78 USD
Upside/Downside 13%
View Source
Joseph Feldman
Telsey Advisory
Price Target 81 USD
Upside/Downside 10%
View Source
Unknown Analyst
Barclays
Price Target 88 USD
Upside/Downside 2%
View Source
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Best Buy Co Inc Competitors:
Price Targets
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21% Upside
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2% Upside
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Mobile World Investment Corp
29% Upside
9435
Hikari Tsushin Inc
5% Upside
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65% Upside
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12% Upside
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Edion Corp
6% Downside

Revenue
Forecast

Revenue Estimate
Best Buy Co Inc

For the last 8 years the compound annual growth rate for Best Buy Co Inc's revenue is 1%. The projected CAGR for the next 3 years is 1%.

1%
Past Growth
1%
Estimated Growth
Estimates Accuracy
-1%
Average Miss

Operating Income
Forecast

Operating Income Estimate
Best Buy Co Inc

For the last 8 years the compound annual growth rate for Best Buy Co Inc's operating income is 1%. The projected CAGR for the next 3 years is 6%.

1%
Past Growth
6%
Estimated Growth
Estimates Accuracy
-2%
Average Miss

Net Income
Forecast

Net Income Estimate
Best Buy Co Inc

For the last 8 years the compound annual growth rate for Best Buy Co Inc's net income is 4%. The projected CAGR for the next 3 years is 11%.

4%
Past Growth
11%
Estimated Growth
Estimates Accuracy
14%
Average Beat

See Also

Discover More
Why do you have more estimates than other sites?

Our estimates are sourced from the pool of sell-side and buy-side analysts that we have access to. What is available on other sites you are seeing are mostly from the sell-side analysts.

What is BBY's stock price target?
Price Target
105.73 USD

According to Wall Street analysts, the average 1-year price target for BBY is 105.73 USD with a low forecast of 80.8 USD and a high forecast of 129.15 USD.

What is Best Buy Co Inc's Revenue forecast?
Projected CAGR
1%

For the last 8 years the compound annual growth rate for Best Buy Co Inc's revenue is 1%. The projected CAGR for the next 3 years is 1%.

What is Best Buy Co Inc's Operating Income forecast?
Projected CAGR
6%

For the last 8 years the compound annual growth rate for Best Buy Co Inc's operating income is 1%. The projected CAGR for the next 3 years is 6%.

What is Best Buy Co Inc's Net Income forecast?
Projected CAGR
11%

For the last 8 years the compound annual growth rate for Best Buy Co Inc's net income is 4%. The projected CAGR for the next 3 years is 11%.

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