Best Buy Co. Inc (BBY) Stock Forecast & Price Target
Best Buy Co. Inc · NYSE
$89.47+1.02 (+1.15%)
15-min delayed · Jul 28, 3:45 PM ET · Get real-time quotes →
The Quantellect read.Of the 19 firms covering Best Buy Co. Inc, 5 rate it Buy or better, 13 sit at Hold, and 1 rate it Sell or worse, a moderate buy consensus. Targets span $65.00 to $95.00, a moderate spread. The average target of $80.94 sits 10% below the current $89.47. The rating mix has stayed broadly stable, with Buy-side ratings easing from 7 to 5 over recent months. On the fundamentals, the Street sees revenue growth near 0% this year and 1% next, consensus EPS building from about $1.40 next quarter toward $7.07 the year after.Descriptive synthesis of third-party analyst data, not a Quantellect rating or recommendation.
ANALYST CONSENSUS19 ratings
Moderate Buy
Strong Buy00%
Buy526%
Hold1368%
Sell15%
Strong Sell00%
Based on 19 analysts giving stock ratings to Best Buy Co. Inc.
As of Jul, 5 of 19 firms rate BBY a Buy (13 Hold, 1 Sell), the standing distribution of every covering firm's most recent active call.
BBY EPS & revenue forecast
EPS · NEXT QUARTER
$1.40
Range $1.32 – $1.48 · 20 analysts · -0% YoY
Next period, 20 analysts expect Best Buy Co. Inc to earn $1.40 a share (range $1.32 – $1.48), versus $1.40 a year earlier. Full-year consensus is $6.55, growing to $7.07 the year after.
REVENUE · NEXT QUARTER
$9.6B
Range $9.5B – $10.0B · 20 analysts · -1% YoY
Revenue is expected to reach $9.6B (range $9.5B – $10.0B), -1.0% year-over-year. Full-year consensus is $42.0B, rising to $42.6B 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
Greg Melich
Evercore ISI Group
Hold
$85.00-5.0% to target
Coverage
—
+ Follow
#2
Steven Zaccone
Citigroup
Hold
$79.00-11.7% to target
Coverage
—
+ Follow
#3
Simeon Gutman
Morgan Stanley
Hold
$80.00-10.6% to target
Coverage
—
+ Follow
#4
Scot Ciccarelli
Truist Securities
Hold
No targeton BBY
Coverage
—
+ Follow
#5
Michael Baker
DA Davidson
Buy
No targeton BBY
Coverage
—
+ Follow
BBY stock forecast FAQ
What is BBY's average 12-month price target?+
The 17 analysts with a live target average $80.94 for Best Buy Co. Inc over the next 12 months, ranging from a $95.00 high to a $65.00 low.
Is BBY stock a Buy, Sell or Hold right now?+
The current consensus is Moderate Buy. Of the 19 analyst ratings, 5 are Buy or Strong Buy, 13 are Hold, and 1 are Sell or Strong Sell.
What are the highest and lowest price targets for BBY?+
The Street-high target is $95.00 (Telsey Advisory Group), and the Street-low is $65.00 (Wells Fargo). The average of all 17 active targets is $80.94.
How many Wall Street analysts cover BBY?+
19 analysts have an active rating on Best Buy Co. Inc, and 17 firms carry a live 12-month price target.
Who is the most accurate analyst covering BBY?+
Among analysts who currently cover BBY, Greg Melich of Evercore ISI Group has the strongest overall Quantellect track record. 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 $1.40 per share (range $1.32 – $1.48) across 20 analysts. Full-year EPS is projected at $6.55, rising to $7.07 the following year.
How much revenue is Best Buy Co. Inc expected to report next quarter?+
Consensus revenue is $9.6B (range $9.5B – $10.0B). Full-year revenue is projected at $42.0B, growing to $42.6B next year.
Have analysts been upgrading or downgrading BBY lately?+
As of Jul, 5 of 19 firms rate BBY a Buy (13 Hold, 1 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.
