During the last three months, 20 analysts shared their evaluations of Best Buy Co BBY, revealing diverse outlooks from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 4 | 9 | 1 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 6 | 3 | 5 | 1 | 0 |
| 2M Ago | 0 | 1 | 1 | 0 | 0 |
| 3M Ago | 0 | 0 | 2 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $91.5, a high estimate of $110.00, and a low estimate of $70.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 9.27%.
Decoding Analyst Ratings: A Detailed Look
In examining recent analyst actions, we gain insights into how financial experts perceive Best Buy Co. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Steven Zaccone | Citigroup | Lowers | Neutral | $70.00 | $93.00 |
| Zachary Fadem | Wells Fargo | Lowers | Equal-Weight | $85.00 | $89.00 |
| Michael Lasser | UBS | Lowers | Buy | $105.00 | $115.00 |
| Anthony Chukumba | Loop Capital | Lowers | Buy | $90.00 | $100.00 |
| Scot Ciccarelli | Truist Securities | Lowers | Hold | $81.00 | $95.00 |
| Michael Baker | DA Davidson | Lowers | Buy | $110.00 | $117.00 |
| Seth Basham | Wedbush | Lowers | Neutral | $83.00 | $90.00 |
| Steven Zaccone | Citigroup | Lowers | Buy | $93.00 | $105.00 |
| Peter Keith | Piper Sandler | Lowers | Overweight | $92.00 | $102.00 |
| Greg Melich | Evercore ISI Group | Lowers | In-Line | $80.00 | $95.00 |
| Christopher Horvers | JP Morgan | Lowers | Overweight | $110.00 | $115.00 |
| Steven Forbes | Guggenheim | Lowers | Buy | $90.00 | $105.00 |
| Simeon Gutman | Morgan Stanley | Lowers | Equal-Weight | $85.00 | $100.00 |
| Elizabeth Suzuki | B of A Securities | Lowers | Underperform | $75.00 | $80.00 |
| Joseph Feldman | Telsey Advisory Group | Lowers | Outperform | $100.00 | $110.00 |
| Jonathan Matuszewski | Jefferies | Lowers | Buy | $92.00 | $106.00 |
| Seth Basham | Wedbush | Maintains | Neutral | $90.00 | $90.00 |
| Joseph Feldman | Telsey Advisory Group | Maintains | Outperform | $110.00 | $110.00 |
| Simeon Gutman | Morgan Stanley | Lowers | Equal-Weight | $100.00 | $105.00 |
| Seth Sigman | Barclays | Lowers | Equal-Weight | $89.00 | $95.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Best Buy Co. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Best Buy Co compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for Best Buy Co's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
For valuable insights into Best Buy Co's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on Best Buy Co analyst ratings.
Get to Know Best Buy Co Better
With $43.5 billion in consolidated 2023 sales, Best Buy is the largest pure-play consumer electronics retailer in the US, boasting roughly 8.3% share of the North American market and north of 33% share of offline sales in the region, per our calculations, CTA, and Euromonitor data. The firm generates the bulk of its sales in-store, with mobile phones and tablets, computers, and appliances representing its three largest categories. Recent investments in e-commerce fulfillment, accelerated by the covid-19 pandemic, have seen the US e-commerce channel roughly double from prepandemic levels, with management estimating that it will represent a mid-30% proportion of sales moving forward.
Key Indicators: Best Buy Co's Financial Health
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Decline in Revenue: Over the 3 months period, Best Buy Co faced challenges, resulting in a decline of approximately -4.77% in revenue growth as of 31 January, 2025. This signifies a reduction in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Discretionary sector.
Net Margin: Best Buy Co's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 0.84%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Best Buy Co's ROE stands out, surpassing industry averages. With an impressive ROE of 3.97%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Best Buy Co's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.74%, the company may face hurdles in achieving optimal financial returns.
Debt Management: With a high debt-to-equity ratio of 1.44, Best Buy Co faces challenges in effectively managing its debt levels, indicating potential financial strain.
How Are Analyst Ratings Determined?
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
Breaking: Wall Street's Next Big Mover
Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. Click here for urgent details.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
Edge Rankings
Price Trend
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
