Best Buy Stock Forecast

Stock Price Forecast

The 17 analysts with 12-month price forecasts for Best Buy stock have an average target of 101.47, with a low estimate of 80 and a high estimate of 117. The average target predicts an increase of 19.57% from the current stock price of 84.86.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$80	$101.47	$100	$117
Change	-5.73%	+19.57%	+17.84%	+37.87%

Analyst Ratings

The average analyst rating for Best Buy stock from 17 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24
Strong Buy	7	6	6	6	7	6
Buy	2	3	3	3	3	3
Hold	6	6	7	7	7	7
Sell	0	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	15	16	17	17	18	17

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Anthony Chukumba Loop Capital	Loop Capital	Strong Buy Reiterates $100	Strong Buy	Reiterates	$100	+17.84%	Dec 18, 2024
Steven Forbes Guggenheim	Guggenheim	Strong Buy Maintains $110 → $105	Strong Buy	Maintains	$110 → $105	+23.73%	Nov 29, 2024
Zachary Fadem Wells Fargo	Wells Fargo	Hold Maintains $95 → $89	Hold	Maintains	$95 → $89	+4.88%	Nov 27, 2024
Michael Lasser UBS	UBS	Strong Buy Maintains $123 → $115	Strong Buy	Maintains	$123 → $115	+35.52%	Nov 27, 2024
Scot Ciccarelli Truist Securities	Truist Securities	Hold Maintains $107 → $95	Hold	Maintains	$107 → $95	+11.95%	Nov 27, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

41.69B

from 43.45B

-4.07%

from 43.45B

Revenue Next Year

42.29B

from 41.69B

1.44%

from 41.69B

EPS This Year

6.24

from 5.68

9.86%

from 5.68

EPS Next Year

6.66

from 6.24

6.77%

from 6.24

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Feb 1, 2020	Jan 30, 2021	Jan 29, 2022	Jan 28, 2023	Feb 3, 2024	Feb 3, 2025	Feb 3, 2026	Feb 3, 2027
Revenue	43.64B	47.26B	51.76B	46.30B	43.45B	41.69B	42.29B	43.52B
Revenue Growth	1.77%	8.30%	9.52%	-10.55%	-6.15%	-4.07%	1.44%	2.92%
EPS	5.75	6.84	9.84	6.29	5.68	6.24	6.66	7.46
EPS Growth	10.58%	18.96%	43.86%	-36.08%	-9.70%	9.86%	6.77%	11.99%
Forward PE	-	-	-	-	-	13.60	12.74	11.37
No. Analysts	-	-	-	-	-	31	31	21

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027
High	43.5B	45.8B	48.3B
Avg	41.7B	42.3B	43.5B
Low	40.2B	40.4B	40.9B

Revenue Growth

Revenue Growth	2025	2026	2027
High	0.2%	9.8%	14.3%
Avg	-4.1%	1.4%	2.9%
Low	-7.4%	-3.0%	-3.2%

EPS Forecast

EPS	2025	2026	2027
High	6.56	7.34	8.96
Avg	6.24	6.66	7.46
Low	5.96	5.67	6.31

EPS Growth

EPS Growth	2025	2026	2027
High	15.5%	17.6%	34.4%
Avg	9.9%	6.8%	12.0%
Low	4.9%	-9.1%	-5.3%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.