Best Buy (NYSE:BBY) Price Target Raised to $75.00

Best Buy (NYSE:BBY) had its price objective boosted by stock analysts at Evercore from $70.00 to $75.00 in a note issued to investors on Wednesday,MarketScreener reports. Evercore’s price objective would suggest a potential upside of 12.85% from the stock’s previous close.

Several other equities analysts have also recently issued reports on BBY. Guggenheim reiterated a “buy” rating and issued a $90.00 price target on shares of Best Buy in a report on Wednesday. Wells Fargo & Company decreased their price target on shares of Best Buy from $75.00 to $70.00 and set an “equal weight” rating for the company in a report on Wednesday, February 18th. UBS Group raised their price objective on Best Buy from $93.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Telsey Advisory Group lowered their price target on Best Buy from $95.00 to $80.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Best Buy in a research report on Wednesday, January 21st. Nine equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $77.25.

Best Buy Price Performance

Shares of NYSE BBY traded up $0.51 during mid-day trading on Wednesday, hitting $66.46. 289,111 shares of the stock were exchanged, compared to its average volume of 4,782,809. The stock’s fifty day simple moving average is $66.83 and its two-hundred day simple moving average is $72.90. Best Buy has a twelve month low of $54.99 and a twelve month high of $84.99. The company has a market cap of $13.93 billion, a P/E ratio of 22.01, a PEG ratio of 1.47 and a beta of 1.46. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.26 and a current ratio of 1.05.

Best Buy (NYSE:BBY) last posted its quarterly earnings data on Tuesday, March 3rd. The technology retailer reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.13. Best Buy had a return on equity of 50.02% and a net margin of 1.54%.The company had revenue of $13.81 billion for the quarter, compared to analyst estimates of $13.96 billion. During the same quarter in the previous year, the firm earned $2.58 earnings per share. The business’s revenue was down 1.0% on a year-over-year basis. Best Buy has set its FY 2027 guidance at 6.300-6.600 EPS. As a group, analysts forecast that Best Buy will post 6.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BBY. AQR Capital Management LLC boosted its holdings in shares of Best Buy by 99.8% during the third quarter. AQR Capital Management LLC now owns 6,997,871 shares of the technology retailer’s stock worth $525,120,000 after acquiring an additional 3,496,254 shares during the period. Norges Bank bought a new stake in Best Buy in the 4th quarter valued at $174,685,000. Schroder Investment Management Group grew its holdings in Best Buy by 378.8% in the 4th quarter. Schroder Investment Management Group now owns 3,096,015 shares of the technology retailer’s stock valued at $207,216,000 after buying an additional 2,449,342 shares in the last quarter. KBC Group NV increased its position in Best Buy by 293.6% during the 4th quarter. KBC Group NV now owns 1,052,805 shares of the technology retailer’s stock worth $70,464,000 after buying an additional 785,294 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Best Buy by 14,865.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 771,159 shares of the technology retailer’s stock valued at $51,614,000 after acquiring an additional 766,006 shares during the period. 80.96% of the stock is currently owned by institutional investors.

Best Buy News Summary

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

• Positive Sentiment: Q4 earnings beat and profit improvement — Best Buy reported $2.61 GAAP EPS vs. consensus ~$2.48 and highlighted margin gains and cost discipline that drove stronger profits despite a small sales decline. MarketWatch: Q4 Results
• Positive Sentiment: Buy-side support remains — Guggenheim reaffirmed a “buy” and a $90 price target, signaling conviction that earnings strength and buyback/dividend support value. Benzinga: Guggenheim Rating
• Positive Sentiment: Operational progress cited by analysts — Coverage notes that a leaner cost structure and improved profitability are driving the post‑earnings rally even as sales soften. 247WallSt: Cost Structure
• Neutral Sentiment: Telsey cut its price target to $80 but kept an “outperform” rating (still a material upside vs. the current price), reflecting mixed long‑term conviction.
• Neutral Sentiment: Piper Sandler trimmed its target to $68 and moved to “neutral,” reducing upside expectations for near‑term performance. Benzinga: Piper Sandler
• Neutral Sentiment: FY‑2027 guidance updated to $6.30–$6.60 EPS (consensus ~6.68) and revenue guidance slightly below street expectations, which tempers the beat and leaves investors weighing near‑term growth headwinds.
• Negative Sentiment: Revenue and same‑store sales weakness — Q4 revenue was $13.81B vs. estimates near $13.96B and comp sales slipped (~‑0.8%), reinforcing that consumers are pulling back on big‑ticket electronics. Yahoo Finance: Revenue Miss
• Negative Sentiment: Company warns of softer annual sales and supply/tariff uncertainty — Best Buy forecast annual sales below Wall Street estimates, a clear headwind to multiple expansion. Reuters: Sales Forecast
• Negative Sentiment: Sell-side critique and structural concerns — A Seeking Alpha piece downgraded BBY to “Sell,” highlighting weak differentiation, e‑commerce vulnerability, and limited near‑term catalysts despite a high dividend yield. Seeking Alpha: Sell Rating

About Best Buy

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.