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Best Buy Co Inc
NYSE:BBY

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Best Buy Co Inc Logo
Best Buy Co Inc
NYSE:BBY
Watchlist
Price: 74.72 USD -0.37%
Updated: Apr 30, 2024
Section:
 

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 86.52 USD with a low forecast of 70.7 USD and a high forecast of 100.8 USD.

BBY Lowest Forecast
Wall Street Target
70.7 USD
5% Downside
BBY Average Forecast
Wall Street Target
86.52 USD
16% Upside
BBY Highest Forecast
Wall Street Target
100.8 USD
35% Upside
Lowest
Price Target
70.7 USD
5% Downside
Average
Price Target
86.52 USD
16% Upside
Highest
Price Target
100.8 USD
35% Upside

BBY Last Price Targets
Best Buy Co Inc

The latest public price target was made on Apr 8, 2024 by Jonathan Matuszewski from Jefferies , who expects BBY stock to rise by 26% over the next 12 months. You can read more about this price target by viewing the article on StreetInsider.

Analyst Price Target Date Article
Jonathan Matuszewski
Jefferies
94 USD
Upside 26%
3 weeks ago
Apr 8, 2024
Best Buy (BBY) PT Lowered to $94 at Jefferies
StreetInsider
Best Buy
Telsey Advisory
95 USD
Upside 27%
1 month ago
Mar 22, 2024
Best Buy (BBY) upgraded at JPMorgan as deflationary headwinds should moderate
StreetInsider
Jospeh Feldman
Telsey Advisory
95 USD
Upside 27%
1 month ago
Mar 20, 2024
Telsey Upgrades Best Buy (BBY) to Outperform
StreetInsider
Scot Ciccarelli
Truist Financial
87 USD
Upside 16%
1 month 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
Upside 19%
1 month 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
Upside 0%
2 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
Upside 0%
2 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 6%
5 months ago
Nov 22, 2023
These Analysts Cut Their Forecasts On Best Buy After Q3 Results
Benzinga
Kate McShane
Goldman Sachs
85 USD
Upside 14%
6 months ago
Oct 19, 2023
Goldman Sachs Upgrades Best Buy, Sees Potential For Positive Demand Inflection
Benzinga
Joseph Feldman
Telsey Advisory
78 USD
Upside 4%
8 months 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
Upside 8%
11 months 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
Upside 18%
1 year ago
Feb 8, 2023
Barclays Initiates Coverage On Best Buy Co with Equal-Weight Rating, Announces Price Target of $88
Benzinga
Show More Price Targets
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Jonathan Matuszewski
Jefferies
Price Target 94 USD
Upside/Downside 26%
View Source
Best Buy
Telsey Advisory
Price Target 95 USD
Upside/Downside 27%
View Source
Jospeh Feldman
Telsey Advisory
Price Target 95 USD
Upside/Downside 27%
View Source
Scot Ciccarelli
Truist Financial
Price Target 87 USD
Upside/Downside 16%
View Source
Christopher Horvers
JMP Securities
Price Target 89 USD
Upside/Downside 19%
View Source
Joseph Feldman
Telsey Advisory
Price Target 75 USD
Upside/Downside 0%
View Source
Seth Basham
Wedbush
Price Target 75 USD
Upside/Downside 0%
View Source
Seth Basham
Wedbush
Price Target 70 USD
Upside/Downside 6%
View Source
Kate McShane
Goldman Sachs
Price Target 85 USD
Upside/Downside 14%
View Source
Joseph Feldman
Telsey Advisory
Price Target 78 USD
Upside/Downside 4%
View Source
Joseph Feldman
Telsey Advisory
Price Target 81 USD
Upside/Downside 8%
View Source
Unknown Analyst
Barclays
Price Target 88 USD
Upside/Downside 18%
View Source
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Best Buy Co Inc Competitors:
Price Targets
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31% Upside
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207% Upside
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K'S Holdings Corp
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United Electronics Company JSC
1% Upside
JBH
JB Hi-Fi Ltd
2% Downside
540205
Aditya Vision Ltd
48% Upside

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
What are analyst estimates?

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 5%.

1%
Past Growth
5%
Estimated Growth
Estimates Accuracy
-2%
Average Miss
What are analyst estimates?

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 10%.

4%
Past Growth
10%
Estimated Growth
Estimates Accuracy
13%
Average Beat
What are analyst estimates?

See Also

Summary
BBY intrinsic value, competitors valuation, and company profile.
DCF Valuation
BBY stock valuation using Discount Cash Flow valuation method.
Relative Valuation
BBY stock valuation using valuation multiples.
Wall Street Estimates
BBY price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
BBY stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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
86.52 USD

According to Wall Street analysts, the average 1-year price target for BBY is 86.52 USD with a low forecast of 70.7 USD and a high forecast of 100.8 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
5%

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 5%.

What is Best Buy Co Inc's Net Income forecast?
Projected CAGR
10%

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 10%.

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