Best Buy Co., Inc. (BBY)
NYSE: BBY · Real-Time Price · USD
60.44
-1.78 (-2.86%)
At close: Apr 4, 2025, 4:00 PM
60.45
+0.01 (0.02%)
After-hours: Apr 4, 2025, 5:02 PM EDT

Best Buy Stock Forecast

Stock Price Forecast

The 18 analysts with 12-month price forecasts for Best Buy stock have an average target of 91.83, with a low estimate of 70 and a high estimate of 116. The average target predicts an increase of 51.94% from the current stock price of 60.44.

Analyst Consensus: Buy
Target Low Average Median High
Price $70 $91.83 $90 $116
Change +15.82% +51.94% +48.91% +91.93%

Analyst Ratings

The average analyst rating for Best Buy stock from 19 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 Nov '24Dec '24Jan '25Feb '25Mar '25Apr '25
Strong Buy 766676
Buy 333333
Hold 777789
Sell 111111
Strong Sell 000000
Total 181717171919

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Citigroup
Citigroup
Hold
Downgrades
$93$70
Hold Downgrades $93$70 +15.82% Apr 3, 2025
Wells Fargo
Wells Fargo
Hold
Maintains
$89$85
Hold Maintains $89$85 +40.64% Mar 5, 2025
UBS
UBS
Strong Buy
Maintains
$115$105
Strong Buy Maintains $115$105 +73.73% Mar 5, 2025
Loop Capital
Loop Capital
Strong Buy
Maintains
$100$90
Strong Buy Maintains $100$90 +48.91% Mar 5, 2025
Truist Securities
Truist Securities
Hold
Maintains
$95$81
Hold Maintains $95$81 +34.02% Mar 5, 2025
More Analyst Ratings

Financial Forecast

Revenue This Year
42.09B
from 41.53B
Increased by 1.36%
Revenue Next Year
42.97B
from 42.09B
Increased by 2.07%
EPS This Year
6.38
from 4.28
Increased by 49.04%
EPS Next Year
7.04
from 6.38
Increased by 10.32%
Fiscal Year FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028
Period Ending Jan 30, 2021 Jan 29, 2022 Jan 28, 2023 Feb 3, 2024 Feb 1, 2025 Feb 1, 2026 Feb 1, 2027 Feb 1, 2028
Revenue
47.26B51.76B46.30B43.45B41.53B42.09B42.97B44.03B
Revenue Growth
8.31%9.52%-10.55%-6.15%-4.43%1.36%2.07%2.48%
EPS
6.849.846.295.684.286.387.047.84
EPS Growth
18.96%43.86%-36.08%-9.70%-24.65%49.04%10.32%11.37%
Forward PE
-----9.488.597.71
No. Analysts -----313010
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20262027202820292030
High 44.2B 45.7B 47.3B
Avg 42.1B 43.0B 44.0B
Low 40.3B 40.9B 41.5B

Revenue Growth

Revenue Growth 20262027202820292030
High
6.5%
8.6%
10.0%
Avg
1.4%
2.1%
2.5%
Low
-3.0%
-2.9%
-3.4%

EPS Forecast

EPS 20262027202820292030
High 6.89 7.92 9.20
Avg 6.38 7.04 7.84
Low 5.79 6.30 6.93

EPS Growth

EPS Growth 20262027202820292030
High
60.9%
24.1%
30.7%
Avg
49.0%
10.3%
11.4%
Low
35.3%
-1.2%
-1.5%
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.