Piper Sandler Lowers Best Buy (NYSE:BBY) Price Target to $68.00

Best Buy (NYSE:BBY) had its price objective lowered by research analysts at Piper Sandler from $71.00 to $68.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the technology retailer’s stock. Piper Sandler’s price target suggests a potential upside of 3.11% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. HSBC reduced their price objective on Best Buy from $96.00 to $85.00 in a research note on Thursday, February 26th. Guggenheim restated a “buy” rating and set a $90.00 price target on shares of Best Buy in a research note on Wednesday, November 26th. JPMorgan Chase & Co. lowered shares of Best Buy from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $99.00 to $76.00 in a research note on Monday, February 2nd. Morgan Stanley decreased their target price on shares of Best Buy from $82.00 to $76.00 and set an “equal weight” rating for the company in a research report on Thursday, January 15th. Finally, Loop Capital raised their price target on shares of Best Buy from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. Seven analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $78.80.

Best Buy Price Performance

Best Buy stock opened at $65.95 on Wednesday. The stock has a market capitalization of $13.82 billion, a price-to-earnings ratio of 21.84, a PEG 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 company has a debt-to-equity ratio of 0.44, a quick ratio of 0.26 and a current ratio of 1.05. The stock’s 50 day moving average price is $66.83 and its two-hundred day moving average price is $72.90.

Best Buy (NYSE:BBY) last posted its quarterly earnings results 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 net margin of 1.54% and a return on equity of 50.02%. The business had revenue of $13.81 billion during the quarter, compared to analysts’ expectations of $13.96 billion. During the same period last year, the company posted $2.58 earnings per share. The business’s quarterly 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. On average, equities analysts predict that Best Buy will post 6.18 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BBY. Woodline Partners LP boosted its holdings in shares of Best Buy by 40.1% in the 1st quarter. Woodline Partners LP now owns 16,436 shares of the technology retailer’s stock worth $1,210,000 after buying an additional 4,701 shares during the last quarter. State of Michigan Retirement System increased its stake in shares of Best Buy by 2.0% during the 2nd quarter. State of Michigan Retirement System now owns 73,103 shares of the technology retailer’s stock worth $4,907,000 after purchasing an additional 1,400 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Best Buy by 110.4% in the 2nd quarter. Bank of Montreal Can now owns 337,776 shares of the technology retailer’s stock worth $22,675,000 after purchasing an additional 177,261 shares during the period. Freestone Capital Holdings LLC raised its holdings in shares of Best Buy by 32.5% in the 2nd quarter. Freestone Capital Holdings LLC now owns 4,509 shares of the technology retailer’s stock worth $303,000 after purchasing an additional 1,107 shares during the period. Finally, Resona Asset Management Co. Ltd. lifted its stake in Best Buy by 7.7% in the second quarter. Resona Asset Management Co. Ltd. now owns 73,804 shares of the technology retailer’s stock valued at $4,966,000 after purchasing an additional 5,270 shares during the last quarter. Institutional investors 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: EPS beat and profit resilience — Best Buy reported adjusted EPS of $2.61, above estimates, and highlighted margin improvement that reassured investors despite weaker sales; this beat is a primary driver of the rally. Best Buy (NYSE:BBY) Misses Q4 CY2025 Revenue Estimates, But Stock Soars 13.3%
• Positive Sentiment: Leaner cost structure boosting profits — Management pointed to operating efficiencies and lower costs that helped lift profitability even as top-line softness continued, a theme analysts credited for the post-earnings move. Best Buy’s Leaner Cost Structure Drives Post-Earnings Rally
• Positive Sentiment: Company narrative on digital/AI and services — Management emphasized investment in digital experiences and AI-enabled services as a way to drive higher-margin sales and customer engagement, which calms some investor concerns about secular competitiveness. Best Buy Bets on AI as Consumers Avoid Big-Ticket Items
• Neutral Sentiment: Revenue and comparable-sales weakness — Q4 revenue missed consensus (about $13.81B vs. ~$13.96B expected) and same-store sales fell modestly, signaling continued demand pressure even as EPS outperformed. Best Buy Reports Fourth Quarter Results
• Neutral Sentiment: Mixed analyst commentary — Some outlets framed the print as a clean beat on profits but called the overall picture mixed due to soft holiday sales and cautious tone from management; these balanced takes leave near-term sentiment sensitive to guidance details. Best Buy Is Today’s Top S&P 500 Stock. Why Weak Guidance Doesn’t Matter.
• Negative Sentiment: Weak forward guidance on sales — Best Buy issued FY2027 guidance below Street revenue expectations and signaled tepid growth as consumers hunt for value, a key negative that tempers the EPS beat. Best Buy forecasts annual sales below estimates
• Negative Sentiment: Sell-side downgrade and structural concerns — A noted downgrade argued Best Buy lacks differentiation and has e-commerce vulnerabilities versus larger rivals, raising the risk that profits could be cyclical rather than secular. 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.