Best Buy (BBY) – Research Analysts’ Weekly Ratings Changes

Posted by Renee Jackson on Sep 4th, 2026

Several brokerages have updated their recommendations and price targets on shares of Best Buy (NYSE: BBY) in the last few weeks:

8/29/2026 – Best Buy was upgraded by Wall Street Zen from “hold” to “buy”.
8/28/2026 – Best Buy had its price target raised by Morgan Stanley from $80.00 to $90.00. They now have an “equal weight” rating on the stock.
8/28/2026 – Best Buy had its “neutral” rating reaffirmed by UBS Group AG. They now have a $90.00 price target on the stock, up from $86.00.
8/28/2026 – Best Buy had its price target raised by The Goldman Sachs Group, Inc. from $62.00 to $71.00. They now have a “sell” rating on the stock.
8/28/2026 – Best Buy had its price target raised by Barclays PLC from $77.00 to $85.00. They now have a “buy” rating on the stock.
8/28/2026 – Best Buy had its price target raised by DA Davidson from $90.00 to $95.00. They now have a “buy” rating on the stock.
8/28/2026 – Best Buy had its price target raised by Guggenheim from $90.00 to $95.00. They now have a “buy” rating on the stock.
8/27/2026 – Best Buy was given a new $100.00 price target by Truist Financial Corporation.
8/24/2026 – Best Buy had its “buy” rating reaffirmed by Wedbush.
8/20/2026 – Best Buy had its price target raised by Piper Sandler from $77.00 to $85.00. They now have a “neutral” rating on the stock.
8/13/2026 – Best Buy had its price target raised by Citigroup Inc. from $79.00 to $88.00. They now have a “neutral” rating on the stock.
8/11/2026 – Best Buy was upgraded by Truist Financial Corporation from “hold” to “buy”. They now have a $95.00 price target on the stock, up from $81.00.
8/11/2026 – Best Buy had its price target raised by Wells Fargo & Company from $65.00 to $85.00. They now have an “equal weight” rating on the stock.
8/5/2026 – Best Buy was downgraded by Jefferies Financial Group Inc. from “buy” to “hold”. They now have a $85.00 price target on the stock, down from $89.00.
8/4/2026 – Best Buy had its price target raised by Telsey Advisory Group from $90.00 to $95.00. They now have an “outperform” rating on the stock.
8/3/2026 – Best Buy is now covered by Bank of America Corporation. They set an “underperform” rating and a $80.00 price target on the stock.
7/29/2026 – Best Buy was upgraded by Weiss Ratings from “hold (c)” to “hold (c+)”.
7/20/2026 – Best Buy was downgraded by Wall Street Zen from “buy” to “hold”.
7/13/2026 – Best Buy was downgraded by Loop Capital from “buy” to “hold”. They now have a $82.00 price target on the stock.
7/12/2026 – Best Buy was upgraded by Wall Street Zen from “hold” to “buy”.

Best Buy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th will be issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Thursday, September 17th. Best Buy’s payout ratio is 63.89%.

Insiders Place Their Bets

In related news, Chairman Richard Schulze sold 224,705 shares of the stock in a transaction on Friday, June 26th. The shares were sold at an average price of $78.10, for a total transaction of $17,549,460.50. Following the transaction, the chairman directly owned 10,430,936 shares of the company’s stock, valued at $814,656,101.60. This represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 500,000 shares of company stock valued at $39,065,226 in the last three months. Corporate insiders own 0.50% of the company’s stock.

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.