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Best Buy Co (BBY): analyst forecast and price target

$92.63 −1.64% close 16.10.26 · market cap $19.8B · Consumercyclical · Specialty Retail SPY 0.03%
Price targets and ratings of

Analyst consensus

Hold

3 Buy8 Hold2 Sell

Ratings of 13 analysts in the last 3 months · top analysts only

12-month forecast

$88.27−4.7% downside

Based on 13 price targets given in the last 3 months, the average target is $88.27, the highest $95.00, the lowest $71.00. The average is −4.7% from the last price of $92.63.

$60.00$80.00Jan 26AprJulOctJan 27AprJulOctHigh$95.00Average$88.27Low$71.00
Highest target $95.00 Average target $88.27 Lowest target $71.00
AnalystFirmPrice target RatingUpsideAction Date Move vs SPY
Scot Ciccarelli★★★★★★★★★★#218 · hits 68% · avg +14.8% Truist Financial — Buy — Reiterated 29.09.26on TipRanks 08:11 −1.1%next day −0.4% · 5 days −6.3%
Greg Melich★★★★★★★★★★#1504 · hits 60% · avg +9.0% Evercore ISI $85.00 → $90.00+5.9% Hold −2.8% Reiterated 29.09.26on TipRanks 07:55 −1.1%next day −0.4% · 5 days −6.3%
Joe Feldman★★★★★★★★★★#1642 · hits 54% · avg +6.6% Telsey Advisory $95.00 Buy +2.6% Reiterated 22.09.26on TipRanks 09:15 +1.7%next day −3.5% · 5 days −5.2%
Chris Graja★★★★★★★★★★#782 · hits 70% · avg +12.9% Argus Research — Hold — Reiterated 09.09.26on TipRanks Sep 10 10:35 −1.0%next day +0.7% · 5 days +6.1%
Michael Baker★★★★★★★★★★#1121 · hits 58% · avg +8.1% D.A. Davidson $95.00 Hold +2.6% Downgrade 08.09.26on TipRanks 06:20 −0.5%next day −1.0% · 5 days +5.5%
Christopher Horvers★★★★★★★★★★#806 · hits 61% · avg +8.7% J.P. Morgan $87.00 → $95.00+9.2% Hold +2.6% Reiterated 01.09.26on TipRanks Sep 2 08:05 +3.8%next day +4.8% · 5 days +6.5%
Simeon Gutman★★★★★★★★★★#2057 · hits 58% · avg +4.5% Morgan Stanley $80.00 → $90.00+12.5% Hold −2.8% Reiterated 28.08.26on TipRanks 08:00 −1.1%next day −2.5% · 5 days +9.4%
Michael Lasser★★★★★★★★★★#195 · hits 68% · avg +16.4% UBS $86.00 → $90.00+4.7% Hold −2.8% Assigned 28.08.26on TipRanks 07:14 −1.1%next day −2.5% · 5 days +9.4%
Peter Keith★★★★★★★★★★#1599 · hits 49% · avg +7.2% Piper Sandler $85.00 Hold −8.2% Reiterated 28.08.26on TipRanks 07:14 −1.1%next day −2.5% · 5 days +9.4%
Kate McShane★★★★★★★★★★#2266 · hits 56% · avg +4.4% Goldman Sachs $62.00 → $71.00+14.5% Sell −23.4% Reiterated 28.08.26on TipRanks 06:30 −1.1%next day −2.5% · 5 days +9.4%
Zachary Fadem★★★★★★★★★★#5702 · hits 54% · avg +0.9% Wells Fargo $85.00 Hold −8.2% Assigned 28.08.26on TipRanks 04:55 −1.1%next day −2.5% · 5 days +9.4%
Seth Sigman★★★★★★★★★★#12066 · hits 52% · avg −5.6% Barclays $85.00 Hold −8.2% Reiterated 28.08.26on TipRanks 04:25 −1.1%next day −2.5% · 5 days +9.4%
Steven Forbes★★★★★★★★★★#1350 · hits 55% · avg +10.0% Guggenheim $90.00 → $95.00+5.6% Buy +2.6% Reiterated 27.08.26on TipRanks Aug 28 07:14 −5.1%next day −1.1% · 5 days +4.4%
Christopher Nardone★★★★★★★★★★#1869 · hits 53% · avg +11.9% Bank of America Securities $80.00 Sell −13.6% Reiterated 27.08.26on TipRanks Aug 28 06:35 −5.1%next day −1.1% · 5 days +4.4%
Steven Zaccone★★★★★★★★★★#7822 · hits 48% · avg +0.2% Citi $79.00 → $88.00+11.4% Hold −5.0% Reiterated 14.08.26on TipRanks Aug 13 12:05 +2.1%next day +1.5% · 5 days +2.4%
Jonathan Matuszewski★★★★★★★★★★#1972 · hits 54% · avg +7.6% Jefferies $89.00 → $85.00−4.5% Hold −8.2% Downgrade 05.08.26on TipRanks 04:50 −1.9%next day −5.1% · 5 days −2.1%
Anthony Chukumba★★★★★★★★★★#499 · hits 67% · avg +12.8% Loop Capital Markets $82.00 Hold −11.5% Downgrade 13.07.26on TipRanks 05:25 −0.6%next day +2.5% · 5 days +5.2%
Bradley Thomas★★★★★★★★★★#516 · hits 62% · avg +13.1% KeyBanc — Hold — Reiterated 22.06.26on TipRanks 02:25 +2.0%next day +0.3% · 5 days +2.6%
Unknown Analyst Raymond James — Hold — Reiterated 29.05.26on TipRanks 08:35 +4.0%next day −4.1% · 5 days −5.7%
Matt McCartney Wedbush $75.00 Hold −19.0% Reiterated 29.05.26on TipRanks 08:30 +4.0%next day −4.1% · 5 days −5.7%

The latest rating of each analyst in the last 12 months, as TipRanks lists them. Every rating kept, earlier ones included

Best analysts covering Best Buy Co

TipRanks picks them by their record on this stock; the figures under the name are their record across all their ratings.

Most accurate

3 months Joe Feldman★★★★★★★★★★Telsey Advisory · #1642
Hits 54%263 of 491 Average return +6.6%
1 year Steven Forbes★★★★★★★★★★Guggenheim · #1350
Hits 55%143 of 259 Average return +10.0%
2 years Joe Feldman★★★★★★★★★★Telsey Advisory · #1642
Hits 54%263 of 491 Average return +6.6%

Most profitable

3 months Joe Feldman★★★★★★★★★★Telsey Advisory · #1642
Hits 54%263 of 491 Average return +6.6%
1 year Joe Feldman★★★★★★★★★★Telsey Advisory · #1642
Hits 54%263 of 491 Average return +6.6%
2 years Joe Feldman★★★★★★★★★★Telsey Advisory · #1642
Hits 54%263 of 491 Average return +6.6%

How the average price target moved

The average target of all analysts (their ratings of the 3 months before) on each day, the top analysts’ dashed, against the price; the site keeps this record since 1 October 2026. On 01.10.26: target $87.40 at a price of $88.24 (−1.0%); now: $87.79 at $92.63 (−5.2%).

$85.00$90.00$95.00Sep 15Oct 1Oct 15Top analysts$88.27Average target$87.79Price$92.63

PriceAverage targetTop analysts’ target

Recommendation trend · top analysts

010201273Oct 251083Nov993Dec8112Jan 26118Feb15111Mar15113Apr8125May11114Jun10102Jul14123Aug10123Sep10113Oct

Strong BuyBuyHoldSell

Rating05.2606.2607.2608.2609.2610.26
Strong Buy000000
Buy81110141010
Hold121110121211
Sell542333

Earnings and sales forecast

Next report: 24.11.26 (Q3 2027, date not confirmed)

Earnings per share

Next quarter’s EPS estimate — $1.49 (from $1.37 to $1.55). Last quarter: $1.47.

Sales

Next quarter’s sales estimate — $9.9B (from $9.8B to $9.9B). Last quarter: $9.8B.

Best top-analyst consensus in the sector · Consumercyclical

WYNNWynn Resorts
SWSmurfit Westrock
MODModine
SGISomnigroup International
RLRalph Lauren
About Best Buy Co

Best Buy Co., Inc. operates as a prominent technology retailer across the United States and Canada. Its business structure is segmented into Domestic and International operations. The company's extensive product selection includes a wide array of computing devices such as desktops, notebooks, and associated peripherals, alongside mobile phones (which generate commissions from network carriers), networking equipment, and tablets (including e-readers). Customers can also find smartwatches and various consumer electronics, encompassing digital imaging devices, health and fitness gadgets, home theater systems, portable audio solutions (like headphones and speakers), and smart home products. Beyond electronics, Best Buy also supplies household appliances such as dishwashers, laundry machines, ovens, refrigerators, blenders, coffee makers, and vacuum cleaners. For entertainment, their offerings range from drones, movies, music, and toys to gaming hardware and software, including virtual reality products. Additionally, the company stocks miscellaneous items like baby products, food and beverages, luggage, outdoor living essentials, and sporting goods. In terms of services, Best Buy provides consultation, delivery, design assistance, health-related programs, installation, membership benefits, repair work, product setup, technical support, and warranty services. Products are distributed through both physical stores and online platforms, operating under various brand names including Best Buy, Best Buy Ads, Best Buy Business, Best Buy Health, CST, Current Health, Geek Squad, Lively, Magnolia, Best Buy Mobile, Pacific Kitchen, Home, and Yardbird. Their primary online presence is via bestbuy.com, currenthealth.com, lively.com, yardbird.com, and bestbuy.ca. As of January 30, 2022, the company maintained a network of 1,144 retail locations. Originally established in 1966 as Sound of Music, Inc., the corporation is headquartered in Richfield, Minnesota.

Data from the stock’s TipRanks forecast page, read 5 min ago. It is read again as soon as a new rating appears and at least every 8 hours. TipRanks ↗