Best Buy Co., Inc. (BBY)
NYSE: BBY · Real-Time Price · USD
86.77
-0.25 (-0.29%)
At close: Nov 20, 2024, 4:00 PM
86.50
-0.27 (-0.31%)
Pre-market: Nov 21, 2024, 6:12 AM 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 103.06, with a low estimate of 80 and a high estimate of 123. The average target predicts an increase of 18.77% from the current stock price of 86.77.
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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 7 | 7 | 6 | 6 | 6 | 6 |
| Buy | 2 | 2 | 3 | 3 | 3 | 3 |
| Hold | 6 | 6 | 6 | 7 | 7 | 7 |
| Sell | 0 | 0 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 15 | 15 | 16 | 17 | 17 | 17 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Strong Buy Maintains $115 → $109 | Strong Buy | Maintains | $115 → $109 | +25.62% | Nov 8, 2024 |
| DA Davidson | DA Davidson | Strong Buy Maintains $117 | Strong Buy | Maintains | $117 | +34.84% | Oct 15, 2024 |
| Melius Research | Melius Research | Hold Initiates $100 | Hold | Initiates | $100 | +15.25% | Sep 23, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $95 → $116 | Strong Buy | Maintains | $95 → $116 | +33.69% | Sep 3, 2024 |
| Wells Fargo | Wells Fargo | Hold Maintains $80 → $95 | Hold | Maintains | $80 → $95 | +9.48% | Aug 30, 2024 |
Financial Forecast
Revenue This Year
42.02B
from 43.45B
Decreased by -3.29%
Revenue Next Year
42.92B
from 42.02B
Increased by 2.15%
EPS This Year
6.32
from 5.68
Increased by 11.21%
EPS Next Year
6.93
from 6.32
Increased by 9.67%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 44.0B | 46.0B | 48.3B | ||
| Avg | 42.0B | 42.9B | 44.3B | ||
| Low | 40.3B | 40.6B | 41.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.3% | 9.5% | 12.6% | ||
| Avg | -3.3% | 2.1% | 3.2% | ||
| Low | -7.2% | -3.4% | -3.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.72 | 7.61 | 9.23 | ||
| Avg | 6.32 | 6.93 | 7.82 | ||
| Low | 5.86 | 6.13 | 6.99 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 18.3% | 20.5% | 33.2% | ||
| Avg | 11.2% | 9.7% | 12.9% | ||
| Low | 3.2% | -3.0% | 0.9% |
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.