Best Buy (NYSE:BBY) Price Target Cut to $72.00 by Analysts at Morgan Stanley

Best Buy (NYSE:BBY) had its price target decreased by analysts at Morgan Stanley from $76.00 to $72.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the technology retailer’s stock. Morgan Stanley’s target price would suggest a potential upside of 7.05% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Citigroup dropped their target price on Best Buy from $82.00 to $67.00 and set a “neutral” rating for the company in a research report on Friday, February 13th. Barclays lowered their price objective on Best Buy from $81.00 to $77.00 and set an “equal weight” rating for the company in a research note on Thursday, January 8th. Loop Capital lifted their target price on shares of Best Buy from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. BNP Paribas Exane boosted their target price on shares of Best Buy from $68.00 to $74.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Daiwa Securities Group upped their price target on shares of Best Buy from $76.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, November 28th. Nine analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $77.05.

Best Buy Price Performance

Best Buy stock traded up $1.31 during midday trading on Wednesday, reaching $67.26. The company’s stock had a trading volume of 2,291,468 shares, compared to its average volume of 4,834,692. The company has a current ratio of 1.05, a quick ratio of 0.26 and a debt-to-equity ratio of 0.44. The stock has a market cap of $14.09 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 1.47 and a beta of 1.46. Best Buy has a 52 week low of $54.99 and a 52 week high of $84.99. The business has a 50-day moving average price of $66.83 and a 200-day moving average price of $72.90.

Best Buy (NYSE:BBY) last announced its quarterly earnings results on Tuesday, March 3rd. The technology retailer reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.13. Best Buy had a net margin of 1.54% and a return on equity of 50.02%. The company had revenue of $13.81 billion during the quarter, compared to the consensus estimate of $13.96 billion. During the same period in the prior year, the business earned $2.58 earnings per share. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. Best Buy has set its FY 2027 guidance at 6.300-6.600 EPS. On average, sell-side analysts predict that Best Buy will post 6.18 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Palisade Asset Management LLC bought a new stake in shares of Best Buy in the 3rd quarter valued at $25,000. Harbor Capital Advisors Inc. lifted its holdings in Best Buy by 69.3% in the third quarter. Harbor Capital Advisors Inc. now owns 337 shares of the technology retailer’s stock valued at $25,000 after buying an additional 138 shares during the period. MV Capital Management Inc. bought a new stake in Best Buy during the fourth quarter valued at $25,000. Torren Management LLC acquired a new stake in Best Buy during the 4th quarter worth about $25,000. Finally, Root Financial Partners LLC acquired a new stake in Best Buy during the 3rd quarter worth about $32,000. Institutional investors and hedge funds own 80.96% of the company’s stock.

Trending Headlines about Best Buy

Here are the key news stories impacting Best Buy this week:

• Positive Sentiment: Q4 earnings beat and margin progress: Best Buy reported stronger-than-expected profit for the holiday quarter helped by higher-margin businesses (Ads and Marketplace) and a leaner cost structure, which investors rewarded. The report highlighted improved profitability despite softer comparable sales. BBY Jumps 7% as Q4 Earnings Beat Signals Strong Strategic Execution
• Positive Sentiment: Dividend increase and strategic initiatives: Management raised the dividend and emphasized digital initiatives (small-format stores, AI-driven experiences) that support higher-margin mix and shareholder returns. Best Buy Earnings Beat Highlights Shift To Higher Margin Digital Model
• Neutral Sentiment: Macro headwinds versus stock-specific strength: Broad US markets were pressured by geopolitical tensions and oil-price moves, but Best Buy outperformed those trends because of the earnings beat and margin story. This suggests stock action is driven more by company execution than the market’s headline risk. US Equity Markets Lower as War Against Iran Intensifies
• Neutral Sentiment: Mixed analyst responses: Several firms adjusted price targets — some cut targets but kept buy ratings while others raised theirs — reflecting disagreement on how sustainably Best Buy can convert margin gains into top-line growth. This creates mixed near-term analyst pressure. Goldman Sachs Adjusts Price Target on Best Buy
• Negative Sentiment: Guidance and sales softness: Management issued fiscal 2027 guidance (EPS and revenue ranges) that was below consensus and warned of weaker consumer demand for big-ticket items, which tempers the upside and explains some analyst caution. Best Buy forecasts annual sales below estimates
• Negative Sentiment: Sell-side skepticism and downgrade arguments: Some analysts and write-ups flagged limited differentiation, e‑commerce vulnerability, and a lack of clear catalysts beyond yield-focused returns, leading at least one sell-side downgrade. That narrative could cap longer-term multiple expansion. Best Buy: No Compelling Reason To Own (Rating Downgrade)

Best Buy Company Profile

Best Buy Co, Inc is a leading North American consumer electronics retailer that sells a broad range of products including computers, mobile phones, televisions and home theater systems, major appliances, smart-home devices, gaming hardware and software, wearables and related accessories. The company operates through a mix of large-format stores, smaller specialty locations and an e-commerce platform, offering national and private-brand merchandise from major consumer-technology manufacturers as well as third-party sellers.

Beyond product retailing, Best Buy provides a suite of services aimed at installation, repair and ongoing technical support.