Best Buy Co., Inc. (BBY)
NYSE: BBY · Real-Time Price · USD
84.73
-0.90 (-1.05%)
At close: Jan 24, 2025, 4:00 PM
84.74
+0.01 (0.01%)
After-hours: Jan 24, 2025, 5:12 PM EST
Best Buy Stock Forecast
Stock Price Forecast
The 17 analysts with 12-month price forecasts for Best Buy stock have an average target of 102.18, with a low estimate of 80 and a high estimate of 117. The average target predicts an increase of 20.59% from the current stock price of 84.73.
Analyst Consensus: Buy
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 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 | Jan '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 6 | 6 | 7 | 6 | 6 |
| Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Hold | 6 | 7 | 7 | 7 | 7 | 7 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 16 | 17 | 17 | 18 | 17 | 17 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Hold Maintains $105 → $100 | Hold | Maintains | $105 → $100 | +18.02% | Jan 21, 2025 |
| Barclays | Barclays | Hold Maintains $95 → $89 | Hold | Maintains | $95 → $89 | +5.04% | Jan 9, 2025 |
| Loop Capital | Loop Capital | Strong Buy Reiterates $100 | Strong Buy | Reiterates | $100 | +18.02% | Dec 18, 2024 |
| Guggenheim | Guggenheim | Strong Buy Maintains $110 → $105 | Strong Buy | Maintains | $110 → $105 | +23.92% | Nov 29, 2024 |
| Wells Fargo | Wells Fargo | Hold Maintains $95 → $89 | Hold | Maintains | $95 → $89 | +5.04% | Nov 27, 2024 |
Financial Forecast
Revenue This Year
41.68B
from 43.45B
Decreased by -4.08%
Revenue Next Year
42.28B
from 41.68B
Increased by 1.45%
EPS This Year
6.24
from 5.68
Increased by 9.86%
EPS Next Year
6.66
from 6.24
Increased by 6.77%
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|
| 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 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|
| 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 | 2028 | 2029 |
|---|---|---|---|---|---|
| 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 | 2028 | 2029 |
|---|---|---|---|---|---|
| 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.