Best Buy Co. Inc (BBY) Stock Forecast & Price Target
Best Buy Co. Inc · NYSE
$89.31-0.96 (-1.06%)
15-min delayed · Sep 8, 3:45 PM ET · Get real-time quotes →
The Quantellect read.Of the 19 firms covering Best Buy Co. Inc, 4 rate it Buy or better, 13 sit at Hold, and 2 rate it Sell or worse, a hold consensus. Targets are tightly clustered, $71.00 to $95.00, so the covering firms are broadly aligned. The average target of $85.50 sits 4% below the current $89.31. Sentiment has cooled somewhat, with Sell ratings rising from 1 to 2 over recent months. On the fundamentals, the Street sees revenue growth near 0% this year and 1% next, consensus EPS building from about $2.59 next quarter toward $7.21 the year after.Descriptive synthesis of third-party analyst data, not a Quantellect rating or recommendation.
ANALYST CONSENSUS19 ratings
Hold
Strong Buy00%
Buy421%
Hold1368%
Sell211%
Strong Sell00%
Based on 19 analysts giving stock ratings to Best Buy Co. Inc.
As of Sep, 4 of 18 firms rate BBY a Buy (12 Hold, 2 Sell), the standing distribution of every covering firm's most recent active call.
BBY EPS & revenue forecast
EPS · NEXT QUARTER
$2.59
Range $2.51 – $2.78 · 20 analysts · -1% YoY
Next period, 20 analysts expect Best Buy Co. Inc to earn $2.59 a share (range $2.51 – $2.78), versus $2.61 a year earlier. Full-year consensus is $6.83, growing to $7.21 the year after.
REVENUE · NEXT QUARTER
$14.1B
Range $13.5B – $14.3B · 20 analysts · -1% YoY
Revenue is expected to reach $14.1B (range $13.5B – $14.3B), -1.0% year-over-year. Full-year consensus is $42.7B, rising to $43.3B next year.
Top analysts covering Best Buy Co. Inc
Ranked by each analyst's overall Quantellect track record across all the stocks they cover, shown with their current call on BBY.
#1
Peter Keith
Piper Sandler · Rank #144
Hold
$85.00-4.8% to target
Overall win rate
42%
+ Follow
#2
Michael Baker
DA Davidson · Rank #295
Buy
$95.00+6.4% to target
Overall win rate
32%
+ Follow
#3
Alicia Reese
Wedbush · Rank #365
Hold
$75.00-16.0% to target
Overall win rate
32%
+ Follow
#4
Steven Zaccone
Citigroup
Hold
$88.00-1.5% to target
Coverage
—
+ Follow
#5
Simeon Gutman
Morgan Stanley
Hold
$90.00+0.8% to target
Coverage
—
+ Follow
BBY stock forecast FAQ
What is BBY's average 12-month price target?+
The 18 analysts with a live target average $85.50 for Best Buy Co. Inc over the next 12 months, ranging from a $95.00 high to a $71.00 low.
Is BBY stock a Buy, Sell or Hold right now?+
The current consensus is Hold. Of the 19 analyst ratings, 4 are Buy or Strong Buy, 13 are Hold, and 2 are Sell or Strong Sell.
What are the highest and lowest price targets for BBY?+
The Street-high target is $95.00 (DA Davidson), and the Street-low is $71.00 (Goldman Sachs). The average of all 18 active targets is $85.50.
How many Wall Street analysts cover BBY?+
19 analysts have an active rating on Best Buy Co. Inc, and 18 firms carry a live 12-month price target.
Who is the most accurate analyst covering BBY?+
Among analysts who currently cover BBY, Peter Keith of Piper Sandler has the strongest overall Quantellect track record (Rank #144). Their current call is Hold with a $85.00 target.
What is Best Buy Co. Inc's projected EPS for next quarter?+
The consensus estimate is $2.59 per share (range $2.51 – $2.78) across 20 analysts. Full-year EPS is projected at $6.83, rising to $7.21 the following year.
How much revenue is Best Buy Co. Inc expected to report next quarter?+
Consensus revenue is $14.1B (range $13.5B – $14.3B). Full-year revenue is projected at $42.7B, growing to $43.3B next year.
Have analysts been upgrading or downgrading BBY lately?+
As of Sep, 4 of 18 firms rate BBY a Buy (12 Hold, 2 Sell), the standing distribution of every covering firm's most recent active call.
How are the analysts on this page ranked?+
By each analyst's overall Quantellect track record — a sample-adjusted measure of how accurate their calls have been across every stock they cover. We do not rank on their BBY calls alone, since a single stock is too small a sample to be reliable.
Which data on this page is live, and how often does it update?+
Price and daily change are 15-minute delayed market data. Analyst ratings, targets, consensus and earnings estimates are aggregated from multiple data providers and refresh daily.
Disclaimer: Ratings, price targets, consensus and earnings estimates on this page describe third-party analyst research aggregated from multiple data providers and refreshed daily; price and daily change are 15-minute delayed. These are historical opinions, not recommendations, and nothing on this page, including The Quantellect read, is a rating, a price target, or investment advice from Quantellect. Always do your own research and consult a licensed financial advisor before making investment decisions.
