Best Buy Stock Forecast

Stock Price Forecast

The 18 analysts with 12-month price forecasts for Best Buy stock have an average target of 94.44, with a low estimate of 75 and a high estimate of 116. The average target predicts an increase of 22.94% from the current stock price of 76.82.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$75	$94.44	$92	$116
Change	-2.37%	+22.94%	+19.76%	+51.00%

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	Oct '24	Nov '24	Dec '24	Jan '25	Feb '25	Mar '25
Strong Buy	6	7	6	6	6	7
Buy	3	3	3	3	3	3
Hold	7	7	7	7	7	8
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	17	18	17	17	17	19

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Scot Ciccarelli Truist Securities	Truist Securities	Hold Maintains $95 → $81	Hold	Maintains	$95 → $81	+5.44%	Mar 5, 2025
Michael Baker DA Davidson	DA Davidson	Strong Buy Maintains $117 → $110	Strong Buy	Maintains	$117 → $110	+43.19%	Mar 5, 2025
Seth Basham Wedbush	Wedbush	Hold Maintains $90 → $83	Hold	Maintains	$90 → $83	+8.04%	Mar 5, 2025
Steven Zaccone Citigroup	Citigroup	Strong Buy Maintains $105 → $93	Strong Buy	Maintains	$105 → $93	+21.06%	Mar 5, 2025
Peter Keith Piper Sandler	Piper Sandler	Buy Maintains $102 → $92	Buy	Maintains	$102 → $92	+19.76%	Mar 5, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

42.25B

from 41.53B

1.74%

from 41.53B

Revenue Next Year

43.40B

from 42.25B

2.71%

from 42.25B

EPS This Year

6.63

from 4.28

54.80%

from 4.28

EPS Next Year

7.40

from 6.63

11.64%

from 6.63

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	47.26B	51.76B	46.30B	43.45B	41.53B	42.25B	43.40B	44.07B
Revenue Growth	8.30%	9.52%	-10.55%	-6.15%	-4.43%	1.74%	2.71%	1.55%
EPS	6.84	9.84	6.29	5.68	4.28	6.63	7.40	9.07
EPS Growth	18.96%	43.86%	-36.08%	-9.70%	-24.65%	54.80%	11.64%	22.69%
Forward PE	-	-	-	-	-	11.59	10.39	8.47
No. Analysts	-	-	-	-	-	31	22	3

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

Revenue Forecast

Revenue	2026	2027	2028
High	45.8B	47.6B	47.5B
Avg	42.3B	43.4B	44.1B
Low	40.4B	40.9B	41.4B

Revenue Growth

Revenue Growth	2026	2027	2028
High	10.2%	12.6%	9.5%
Avg	1.7%	2.7%	1.5%
Low	-2.7%	-3.1%	-4.7%

EPS Forecast

EPS	2026	2027	2028
High	7.34	8.99	10.77
Avg	6.63	7.40	9.07
Low	5.67	6.31	7.56

EPS Growth

EPS Growth	2026	2027	2028
High	71.5%	35.7%	45.6%
Avg	54.8%	11.6%	22.7%
Low	32.6%	-4.7%	2.2%

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.