Best Buy Co., Inc. (BBY)
NYSE: BBY · Real-Time Price · USD
66.00
+2.53 (3.99%)
Apr 24, 2025, 4:00 PM EDT - Market closed

Best Buy Stock Forecast

Stock Price Forecast

The 18 analysts with 12-month price forecasts for Best Buy stock have an average target of 90.89, with a low estimate of 64 and a high estimate of 116. The average target predicts an increase of 37.71% from the current stock price of 66.00.

Analyst Consensus: Buy
Target Low Average Median High
Price $64 $90.89 $90 $116
Change -3.03% +37.71% +36.36% +75.76%

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
DA Davidson
DA Davidson
Strong Buy
Maintains
$110
Strong Buy Maintains $110 +66.67% Apr 14, 2025
Truist Securities
Truist Securities
Hold
Maintains
$81$64
Hold Maintains $81$64 -3.03% Apr 8, 2025
Citigroup
Citigroup
Hold
Downgrades
$93$70
Hold Downgrades $93$70 +6.06% Apr 3, 2025
Wells Fargo
Wells Fargo
Hold
Maintains
$89$85
Hold Maintains $89$85 +28.79% Mar 5, 2025
UBS
UBS
Strong Buy
Maintains
$115$105
Strong Buy Maintains $115$105 +59.09% Mar 5, 2025
More Analyst Ratings

Financial Forecast

Revenue This Year
41.88B
from 41.53B
Increased by 0.84%
Revenue Next Year
42.60B
from 41.88B
Increased by 1.74%
EPS This Year
6.23
from 4.28
Increased by 45.54%
EPS Next Year
6.82
from 6.23
Increased by 9.50%
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
47.26B51.76B46.30B43.45B41.53B41.88B42.60B43.80B
Revenue Growth
8.31%9.52%-10.55%-6.15%-4.43%0.84%1.74%2.81%
EPS
6.849.846.295.684.286.236.827.74
EPS Growth
18.96%43.86%-36.08%-9.70%-24.65%45.54%9.50%13.47%
Forward PE
-----10.609.688.53
No. Analysts
-----313113
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20262027202820292030
High 44.2B 45.5B 47.3B
Avg 41.9B 42.6B 43.8B
Low 38.5B 37.0B 41.5B

Revenue Growth

Revenue Growth 20262027202820292030
High
6.5%
8.6%
10.9%
Avg
0.8%
1.7%
2.8%
Low
-7.2%
-11.7%
-2.6%

EPS Forecast

EPS 20262027202820292030
High 6.89 7.92 9.35
Avg 6.23 6.82 7.74
Low 5.19 4.70 5.96

EPS Growth

EPS Growth 20262027202820292030
High
60.9%
27.1%
37.0%
Avg
45.5%
9.5%
13.5%
Low
21.4%
-24.5%
-12.7%
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.