Best Buy Co., Inc. (BBY)

Best Buy Stock Forecast

Stock Price Forecast

According to 18 professional analysts, the 12-month price target for Best Buy stock ranges from a low of $64 to a high of $116. The average analyst price target of $90.89 forecasts a 24.51% increase in the stock price over the next year.

Price Target: $90.89 (+24.51%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$64	$90.89	$90	$116
Change	-12.33%	+24.51%	+23.29%	+58.90%

* Price targets were last updated on Apr 14, 2025.

Analyst Ratings

The average analyst rating for Best Buy stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Dec '24	Jan '25	Feb '25	Mar '25	Apr '25	May '25
Strong Buy	6	6	6	7	6	6
Buy	3	3	3	3	3	3
Hold	7	7	7	8	9	9
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	17	17	17	19	19	19

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Michael Baker DA Davidson	DA Davidson	Strong Buy Maintains $110	Strong Buy	Maintains	$110	+50.68%	Apr 14, 2025
Scot Ciccarelli Truist Securities	Truist Securities	Hold Maintains $81 → $64	Hold	Maintains	$81 → $64	-12.33%	Apr 8, 2025
Steven Zaccone Citigroup	Citigroup	Strong Buy → Hold Downgrades $93 → $70	Strong Buy → Hold	Downgrades	$93 → $70	-4.11%	Apr 3, 2025
Zachary Fadem Wells Fargo	Wells Fargo	Hold Maintains $89 → $85	Hold	Maintains	$89 → $85	+16.44%	Mar 5, 2025
Michael Lasser UBS	UBS	Strong Buy Maintains $115 → $105	Strong Buy	Maintains	$115 → $105	+43.84%	Mar 5, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

41.85B

Increased by 0.77%

from 41.53B

Revenue Next Year

42.64B

Increased by 1.89%

from 41.85B

EPS This Year

6.23

Increased by 45.54%

from 4.28

EPS Next Year

6.82

Increased by 9.50%

from 6.23

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	41.85B	42.64B	43.96B
Revenue Growth	8.31%	9.52%	-10.55%	-6.15%	-4.43%	0.77%	1.89%	3.10%
EPS	6.84	9.84	6.29	5.68	4.28	6.23	6.82	7.74
EPS Growth	18.96%	43.86%	-36.08%	-9.70%	-24.65%	45.54%	9.50%	13.47%
Forward PE	-	-	-	-	-	11.72	10.70	9.43
No. Analysts	-	-	-	-	-	31	31	13

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

Revenue Forecast

Revenue	2026	2027	2028	2029	2030
High	44.2B	46.0B	47.3B
Avg	41.8B	42.6B	44.0B
Low	38.5B	37.0B	41.5B

Revenue Growth

Revenue Growth	2026	2027	2028	2029	2030
High	6.5%	10.0%	10.9%
Avg	0.8%	1.9%	3.1%
Low	-7.2%	-11.7%	-2.7%

EPS Forecast

EPS	2026	2027	2028	2029	2030
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	2026	2027	2028	2029	2030
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.