Within the last quarter, Best Buy Co (NYSE:BBY) has observed the following analyst ratings:

14 analysts offering 12-month price targets in the last 3 months for Best Buy Co evaluate the company at an average price target of $121.79 with a high of $144.00 and a low of $86.00.

This current average has decreased by 1.05% from the previous average price target of $123.08.

How Are Analyst Ratings Determined?

Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.

Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.