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Best Buy Co
BBYNYSE
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Best Buy Co (NYSE:BBY) Stock, Analyst Ratings, Price Targets, Forecasts
Best Buy Co Inc has a consensus price target of $88.33 based on the ratings of 21 analysts. The high is $106 issued by UBS on June 17, 2024. The low is $65 issued by Wells Fargo on November 13, 2023. The 3 most-recent analyst ratings were released by Truist Securities, UBS, and Loop Capital on July 1, 2024, June 17, 2024, and June 7, 2024, respectively. With an average price target of $97.33 between Truist Securities, UBS, and Loop Capital, there's an implied 9.86% upside for Best Buy Co Inc from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Truist Securities
UBS
Loop Capital
Citigroup
DA Davidson
1calculated from analyst ratings
Analyst Ratings for Best Buy Co
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 07/01/2024 | Buy Now | -2.93% | Truist Securities | Scot Ciccarelli | $86 → $86 | Maintains | Hold | Get Alert |
| 06/17/2024 | Buy Now | 19.64% | UBS | Michael Lasser | $85 → $106 | Upgrade | Neutral → Buy | Get Alert |
| 06/07/2024 | Buy Now | 12.87% | Loop Capital | Anthony Chukumba | $93 → $100 | Maintains | Buy | Get Alert |
| 06/03/2024 | Buy Now | 12.87% | Citigroup | Steven Zaccone | $67 → $100 | Upgrade | Sell → Buy | Get Alert |
| 05/31/2024 | Buy Now | 7.22% | DA Davidson | Michael Baker | $90 → $95 | Maintains | Buy | Get Alert |
| 05/31/2024 | Buy Now | -2.93% | Truist Securities | Scot Ciccarelli | $87 → $86 | Maintains | Hold | Get Alert |
| 05/31/2024 | Buy Now | 1.58% | Evercore ISI Group | Greg Melich | $80 → $90 | Maintains | In-Line | Get Alert |
| 05/30/2024 | Buy Now | 7.22% | Telsey Advisory Group | Joseph Feldman | $95 → $95 | Maintains | Outperform | Get Alert |
| 05/28/2024 | Buy Now | -4.06% | Wedbush | Seth Basham | $85 → $85 | Reiterates | Neutral → Neutral | Get Alert |
| 05/23/2024 | Buy Now | 7.22% | Telsey Advisory Group | Joseph Feldman | $95 → $95 | Maintains | Outperform | Get Alert |
| 05/07/2024 | Buy Now | -24.38% | Citigroup | Steven Zaccone | $76 → $67 | Maintains | Sell | Get Alert |
| 03/22/2024 | Buy Now | 14% | JP Morgan | Christopher Horvers | $89 → $101 | Upgrade | Neutral → Overweight | Get Alert |
| 03/20/2024 | Buy Now | 7.22% | Telsey Advisory Group | Joseph Feldman | $85 → $95 | Upgrade | Market Perform → Outperform | Get Alert |
| 03/01/2024 | Buy Now | -7.45% | Morgan Stanley | Simeon Gutman | $80 → $82 | Maintains | Equal-Weight | Get Alert |
| 03/01/2024 | Buy Now | -14.22% | Citigroup | Steven Zaccone | $67 → $76 | Maintains | Sell | Get Alert |
| 03/01/2024 | Buy Now | -4.06% | UBS | Michael Lasser | $82 → $85 | Maintains | Neutral | Get Alert |
| 03/01/2024 | Buy Now | 0.45% | JP Morgan | Christopher Horvers | $78 → $89 | Maintains | Neutral | Get Alert |
| 03/01/2024 | Buy Now | -8.58% | Barclays | Seth Sigman | $69 → $88 | Maintains | Equal-Weight | Get Alert |
| 03/01/2024 | Buy Now | 1.58% | Goldman Sachs | Kate McShane | $81 → $90 | Maintains | Buy | Get Alert |
| 03/01/2024 | Buy Now | -4.06% | Wedbush | Seth Basham | $75 → $85 | Maintains | Neutral | Get Alert |
| 03/01/2024 | Buy Now | -1.81% | Truist Securities | Scot Ciccarelli | $68 → $87 | Maintains | Hold | Get Alert |
| 03/01/2024 | Buy Now | -4.06% | Telsey Advisory Group | Joseph Feldman | $75 → $85 | Maintains | Market Perform | Get Alert |
| 02/26/2024 | Buy Now | -15.35% | Telsey Advisory Group | Joseph Feldman | → $75 | Reiterates | Market Perform → Market Perform | Get Alert |
| 01/24/2024 | Buy Now | -15.35% | Wedbush | Seth Basham | $70 → $75 | Maintains | Neutral | Get Alert |
| 12/11/2023 | Buy Now | 0.45% | Jefferies | Jonathan Matuszewski | $69 → $89 | Upgrade | Hold → Buy | Get Alert |
| 11/22/2023 | Buy Now | -20.99% | Evercore ISI Group | Greg Melich | $75 → $70 | Maintains | In-Line | Get Alert |
| 11/22/2023 | Buy Now | -23.25% | Truist Securities | Scot Ciccarelli | $74 → $68 | Maintains | Hold | Get Alert |
| 11/22/2023 | Buy Now | -20.99% | Wedbush | Seth Basham | → $70 | Reiterates | Neutral → Neutral | Get Alert |
| 11/22/2023 | Buy Now | -15.35% | Telsey Advisory Group | Joseph Feldman | $80 → $75 | Maintains | Market Perform | Get Alert |
| 11/17/2023 | Buy Now | -9.71% | Telsey Advisory Group | Joseph Feldman | $85 → $80 | Maintains | Market Perform | Get Alert |
| 11/13/2023 | Buy Now | -14.22% | UBS | Michael Lasser | $85 → $76 | Maintains | Neutral | Get Alert |
| 11/13/2023 | Buy Now | -26.64% | Wells Fargo | Zachary Fadem | $80 → $65 | Maintains | Equal-Weight | Get Alert |
| 11/10/2023 | Buy Now | -20.99% | Wedbush | Seth Basham | $82 → $70 | Maintains | Neutral | Get Alert |
| 10/19/2023 | Buy Now | -4.06% | Goldman Sachs | Kate McShane | $79 → $85 | Upgrade | Neutral → Buy | Get Alert |
| 10/05/2023 | Buy Now | -16.48% | Truist Securities | Scot Ciccarelli | $80 → $74 | Maintains | Hold | Get Alert |
| 08/31/2023 | Buy Now | -9.71% | Morgan Stanley | Simeon Gutman | $75 → $80 | Maintains | Equal-Weight | Get Alert |
| 08/30/2023 | Buy Now | 1.58% | DA Davidson | Michael Baker | $87 → $90 | Maintains | Buy | Get Alert |
| 08/30/2023 | Buy Now | -10.84% | Goldman Sachs | Kate McShane | $77 → $79 | Maintains | Neutral | Get Alert |
| 08/30/2023 | Buy Now | -0.68% | Truist Securities | Scot Ciccarelli | $77 → $88 | Maintains | Hold | Get Alert |
| 08/30/2023 | Buy Now | -4.06% | UBS | Michael Lasser | $87 → $85 | Maintains | Neutral | Get Alert |
| 08/30/2023 | Buy Now | -2.93% | Guggenheim | Steven Forbes | → $86 | Reiterates | Buy → Buy | Get Alert |
| 08/30/2023 | Buy Now | -7.45% | Wedbush | Seth Basham | $72 → $82 | Maintains | Neutral | Get Alert |
| 08/30/2023 | Buy Now | -4.06% | Telsey Advisory Group | Joseph Feldman | $78 → $85 | Maintains | Market Perform | Get Alert |
| 08/21/2023 | Buy Now | -11.96% | Telsey Advisory Group | Joseph Feldman | → $78 | Reiterates | Market Perform → Market Perform | Get Alert |
| 08/02/2023 | Buy Now | -20.99% | Citigroup | Steven Zaccone | $62 → $70 | Maintains | Sell | Get Alert |
| 05/26/2023 | Buy Now | -1.81% | DA Davidson | Michael Baker | $96 → $87 | Maintains | Buy | Get Alert |
| 05/26/2023 | Buy Now | -13.09% | Truist Securities | Scot Ciccarelli | $88 → $77 | Maintains | Hold | Get Alert |
| 05/26/2023 | Buy Now | -15.35% | Wells Fargo | Zachary Fadem | $80 → $75 | Maintains | Equal-Weight | Get Alert |
| 05/26/2023 | Buy Now | -15.35% | Credit Suisse | Karen Short | $85 → $75 | Maintains | Neutral | Get Alert |
| 05/26/2023 | Buy Now | -11.96% | Telsey Advisory Group | Joseph Feldman | $81 → $78 | Maintains | Market Perform | Get Alert |
| 05/19/2023 | Buy Now | -8.58% | Telsey Advisory Group | Joseph Feldman | → $81 | Reiterates | Market Perform → Market Perform | Get Alert |
| 05/18/2023 | Buy Now | -18.74% | Wedbush | Seth Basham | $85 → $72 | Maintains | Neutral | Get Alert |
| 05/18/2023 | Buy Now | -30.02% | Citigroup | Steven Zaccone | $72 → $62 | Maintains | Sell | Get Alert |
| 05/11/2023 | Buy Now | -15.35% | Morgan Stanley | Simeon Gutman | $80 → $75 | Maintains | Equal-Weight | Get Alert |
| 03/03/2023 | Buy Now | -0.68% | Truist Securities | Scot Ciccarelli | $80 → $88 | Maintains | Hold | Get Alert |
| 03/03/2023 | Buy Now | 8.35% | DA Davidson | Michael Baker | $99 → $96 | Maintains | Buy | Get Alert |
| 03/03/2023 | Buy Now | -4.06% | Credit Suisse | Karen Short | $90 → $85 | Maintains | Neutral | Get Alert |
| 03/03/2023 | Buy Now | -8.58% | Telsey Advisory Group | Joseph Feldman | $83 → $81 | Maintains | Market Perform | Get Alert |
| 02/27/2023 | Buy Now | -6.32% | Telsey Advisory Group | Joseph Feldman | $88 → $83 | Downgrade | Outperform → Market Perform | Get Alert |
| 02/24/2023 | Buy Now | -1.81% | UBS | Michael Lasser | $80 → $87 | Maintains | Neutral | Get Alert |
| 02/08/2023 | Buy Now | -0.68% | Barclays | Seth Sigman | → $88 | Initiates | → Equal-Weight | Get Alert |
| 01/12/2023 | Buy Now | — | Exane BNP Paribas | Chris Bottiglieri | — | Downgrade | Outperform → Neutral | Get Alert |
| 12/20/2022 | Buy Now | 1.58% | Credit Suisse | Karen Short | → $90 | Initiates | → Neutral | Get Alert |
| 12/14/2022 | Buy Now | — | B of A Securities | Elizabeth Suzuki | — | Downgrade | Neutral → Underperform | Get Alert |
| 12/12/2022 | Buy Now | -6.32% | Goldman Sachs | Kate McShane | $59 → $83 | Upgrade | Sell → Neutral | Get Alert |
| 11/23/2022 | Buy Now | -18.74% | Citigroup | Steven Zaccone | $61 → $72 | Maintains | Sell | Get Alert |
| 11/23/2022 | Buy Now | -4.06% | Wedbush | Seth Basham | $80 → $85 | Maintains | Neutral | Get Alert |
| 11/23/2022 | Buy Now | -33.41% | Goldman Sachs | Kate McShane | $56 → $59 | Maintains | Sell | Get Alert |
| 11/23/2022 | Buy Now | -0.68% | Telsey Advisory Group | Joseph Feldman | $82 → $88 | Maintains | Outperform | Get Alert |
| 11/22/2022 | Buy Now | -9.71% | Truist Securities | Scot Ciccarelli | $69 → $80 | Maintains | Hold | Get Alert |
| 11/18/2022 | Buy Now | -11.96% | JP Morgan | Christopher Horvers | $85 → $78 | Maintains | Neutral | Get Alert |
| 10/19/2022 | Buy Now | -20.99% | Evercore ISI Group | Greg Melich | → $70 | Downgrade | Outperform → In-Line | Get Alert |
| 08/31/2022 | Buy Now | 11.74% | DA Davidson | Michael Baker | $110 → $99 | Maintains | Buy | Get Alert |
| 08/31/2022 | Buy Now | -9.71% | Wedbush | Seth Basham | $75 → $80 | Maintains | Neutral | Get Alert |
| 08/31/2022 | Buy Now | -22.12% | Truist Securities | Scot Ciccarelli | $67 → $69 | Maintains | Hold | Get Alert |
| 08/31/2022 | Buy Now | -9.71% | Morgan Stanley | Simeon Gutman | $82 → $80 | Maintains | Equal-Weight | Get Alert |
| 08/31/2022 | Buy Now | -31.15% | Citigroup | Steven Zaccone | $59 → $61 | Maintains | Sell | Get Alert |
| 08/30/2022 | Buy Now | -9.71% | Wells Fargo | Zachary Fadem | $70 → $80 | Maintains | Equal-Weight | Get Alert |
| 08/08/2022 | Buy Now | -5.19% | Piper Sandler | Peter Keith | $91 → $84 | Maintains | Overweight | Get Alert |
| 08/01/2022 | Buy Now | -4.06% | Guggenheim | Steven Forbes | $100 → $85 | Maintains | Buy | Get Alert |
| 07/28/2022 | Buy Now | -24.38% | Truist Securities | Scot Ciccarelli | $83 → $67 | Maintains | Hold | Get Alert |
| 07/28/2022 | Buy Now | -7.45% | Morgan Stanley | Simeon Gutman | $90 → $82 | Maintains | Equal-Weight | Get Alert |
| 07/28/2022 | Buy Now | -14.22% | UBS | Michael Lasser | $80 → $76 | Maintains | Neutral | Get Alert |
| 07/28/2022 | Buy Now | — | R5 Capital | Scott Mushkin | — | Downgrade | Buy → Sell | Get Alert |
| 07/28/2022 | Buy Now | -20.99% | Wells Fargo | Zachary Fadem | $82 → $70 | Maintains | Equal-Weight | Get Alert |
| 07/28/2022 | Buy Now | -7.45% | Telsey Advisory Group | Joseph Feldman | $88 → $82 | Maintains | Outperform | Get Alert |
| 07/28/2022 | Buy Now | -19.86% | Jefferies | Jonathan Matuszewski | $106 → $71 | Downgrade | Buy → Hold | Get Alert |
| 07/20/2022 | Buy Now | 1.58% | Morgan Stanley | Simeon Gutman | $100 → $90 | Maintains | Equal-Weight | Get Alert |
| 06/14/2022 | Buy Now | — | B of A Securities | Elizabeth Suzuki | — | Downgrade | Buy → Neutral | Get Alert |
| 05/25/2022 | Buy Now | 24.15% | DA Davidson | Michael Baker | $107 → $110 | Maintains | Buy | Get Alert |
| 05/25/2022 | Buy Now | 12.87% | Guggenheim | Steven Forbes | $130 → $100 | Maintains | Buy | Get Alert |
| 05/25/2022 | Buy Now | -15.35% | Wedbush | Seth Basham | $80 → $75 | Maintains | Neutral | Get Alert |
| 05/25/2022 | Buy Now | 12.87% | Morgan Stanley | Simeon Gutman | $110 → $100 | Maintains | Equal-Weight | Get Alert |
| 05/25/2022 | Buy Now | -9.71% | Barclays | Karen Short | → $80 | Downgrade | Overweight → Equal-Weight | Get Alert |
| 05/25/2022 | Buy Now | -26.64% | Citigroup | Steven Zaccone | $80 → $65 | Maintains | Sell | Get Alert |
| 05/25/2022 | Buy Now | -0.68% | Telsey Advisory Group | Joseph Feldman | $90 → $88 | Maintains | Outperform | Get Alert |
| 05/24/2022 | Buy Now | -7.45% | Wells Fargo | Zachary Fadem | $115 → $82 | Maintains | Equal-Weight | Get Alert |
| 05/20/2022 | Buy Now | 1.58% | Telsey Advisory Group | Joseph Feldman | $130 → $90 | Maintains | Outperform | Get Alert |
| 05/19/2022 | Buy Now | -6.32% | Truist Securities | Scot Ciccarelli | $117 → $83 | Maintains | Hold | Get Alert |
| 05/16/2022 | Buy Now | -9.71% | Wedbush | Seth Basham | $110 → $80 | Maintains | Neutral | Get Alert |
FAQ
What is the target price for Best Buy Co (BBY) stock?
The latest price target for Best Buy Co (NYSE:BBY) was reported by Truist Securities on July 1, 2024. The analyst firm set a price target for $86.00 expecting BBY to fall to within 12 months (a possible -2.93% downside). 45 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Best Buy Co (BBY)?
The latest analyst rating for Best Buy Co (NYSE:BBY) was provided by Truist Securities, and Best Buy Co maintained their hold rating.
When was the last upgrade for Best Buy Co (BBY)?
The last upgrade for Best Buy Co Inc happened on June 17, 2024 when UBS raised their price target to $106. UBS previously had a neutral for Best Buy Co Inc.
When was the last downgrade for Best Buy Co (BBY)?
The last downgrade for Best Buy Co Inc happened on February 27, 2023 when Telsey Advisory Group changed their price target from $88 to $83 for Best Buy Co Inc.
When is the next analyst rating going to be posted or updated for Best Buy Co (BBY)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Best Buy Co, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Best Buy Co was filed on July 1, 2024 so you should expect the next rating to be made available sometime around July 1, 2025.
Is the Analyst Rating Best Buy Co (BBY) correct?
While ratings are subjective and will change, the latest Best Buy Co (BBY) rating was a maintained with a price target of $86.00 to $86.00. The current price Best Buy Co (BBY) is trading at is $88.60, which is out of the analyst’s predicted range.
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