The latest price target for Best Buy Co (NYSE:BBY) was reported by JP Morgan on November 22, 2024. The analyst firm set a price target for $117.00 expecting BBY to rise to within 12 months (a possible 30.36% upside). 43 analyst firms have reported ratings in the last year.

The latest analyst rating for Best Buy Co (NYSE:BBY) was provided by JP Morgan, and Best Buy Co maintained their overweight rating.

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.

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.

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 November 22, 2024 so you should expect the next rating to be made available sometime around November 22, 2025.

While ratings are subjective and will change, the latest Best Buy Co (BBY) rating was a maintained with a price target of $111.00 to $117.00. The current price Best Buy Co (BBY) is trading at is $89.75, which is out of the analyst’s predicted range.