Best Buy Co Inc has a consensus price target of $67.67, established from looking at the 100 latest analyst ratings. The last 3 analyst ratings were released from JP Morgan, Telsey Advisory Group, and Morgan Stanley on March 22, 2024, March 20, 2024, and March 1, 2024. With an average price target of $92.67 between JP Morgan, Telsey Advisory Group, and Morgan Stanley, there's an implied 21.85% upside for Best Buy Co Inc from these 3 analyst ratings.
1calculated from analyst ratings published within the last 3 years
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
---|---|---|---|---|---|---|---|---|---|---|---|
03/22/2024 | BBY | Buy Now | Best Buy Co | $76.05 | 32.81% | JP Morgan | Christopher Horvers | $89 → $101 | Upgrade | Neutral → Overweight | Get Alert |
03/20/2024 | BBY | Buy Now | Best Buy Co | $76.05 | 24.92% | Telsey Advisory Group | Joseph Feldman | $85 → $95 | Upgrade | Market Perform → Outperform | Get Alert |
03/01/2024 | BBY | Buy Now | Best Buy Co | $76.05 | 7.82% | Morgan Stanley | Simeon Gutman | $80 → $82 | Maintains | Equal-Weight | Get Alert |
03/01/2024 | BBY | Buy Now | Best Buy Co | $76.05 | -0.07% | Citigroup | Steven Zaccone | $67 → $76 | Maintains | Sell | Get Alert |
03/01/2024 | BBY | Buy Now | Best Buy Co | $76.05 | 11.77% | UBS | Michael Lasser | $82 → $85 | Maintains | Neutral | Get Alert |
03/01/2024 | BBY | Buy Now | Best Buy Co | $76.05 | 17.03% | JP Morgan | Christopher Horvers | $78 → $89 | Maintains | Neutral | Get Alert |
03/01/2024 | BBY | Buy Now | Best Buy Co | $76.05 | 6.51% | Barclays | Seth Sigman | $69 → $88 | Maintains | Equal-Weight | Get Alert |
03/01/2024 | BBY | Buy Now | Best Buy Co | $76.05 | 18.34% | Goldman Sachs | Kate McShane | $81 → $90 | Maintains | Buy | Get Alert |
03/01/2024 | BBY | Buy Now | Best Buy Co | $76.05 | 11.77% | Wedbush | Seth Basham | $75 → $85 | Maintains | Neutral | Get Alert |
03/01/2024 | BBY | Buy Now | Best Buy Co | $76.05 | 14.4% | Truist Securities | Scot Ciccarelli | $68 → $87 | Maintains | Hold | Get Alert |
03/01/2024 | BBY | Buy Now | Best Buy Co | $76.05 | 11.77% | Telsey Advisory Group | Joseph Feldman | $75 → $85 | Maintains | Market Perform | Get Alert |
02/26/2024 | BBY | Buy Now | Best Buy Co | $76.05 | -1.38% | Telsey Advisory Group | Joseph Feldman | → $75 | Reiterates | Market Perform → Market Perform | Get Alert |
01/24/2024 | BBY | Buy Now | Best Buy Co | $76.05 | -1.38% | Wedbush | Seth Basham | $70 → $75 | Maintains | Neutral | Get Alert |
12/11/2023 | BBY | Buy Now | Best Buy Co | $76.05 | 17.03% | Jefferies | Jonathan Matuszewski | $69 → $89 | Upgrade | Hold → Buy | Get Alert |
11/22/2023 | BBY | Buy Now | Best Buy Co | $76.05 | -7.96% | Evercore ISI Group | Greg Melich | $75 → $70 | Maintains | In-Line | Get Alert |
11/22/2023 | BBY | Buy Now | Best Buy Co | $76.05 | -10.59% | Truist Securities | Scot Ciccarelli | $74 → $68 | Maintains | Hold | Get Alert |
11/22/2023 | BBY | Buy Now | Best Buy Co | $76.05 | -7.96% | Wedbush | Seth Basham | → $70 | Reiterates | Neutral → Neutral | Get Alert |
11/22/2023 | BBY | Buy Now | Best Buy Co | $76.05 | -1.38% | Telsey Advisory Group | Joseph Feldman | $80 → $75 | Maintains | Market Perform | Get Alert |
11/17/2023 | BBY | Buy Now | Best Buy Co | $76.05 | 5.19% | Telsey Advisory Group | Joseph Feldman | $85 → $80 | Maintains | Market Perform | Get Alert |
The latest price target for Best Buy Co (NYSE: BBY) was reported by JP Morgan on March 22, 2024. The analyst firm set a price target for $101.00 expecting BBY to rise to within 12 months (a possible 32.81% upside). 43 analyst firms have reported ratings in the last year.
The latest analyst rating for Best Buy Co (NYSE: BBY) was provided by JP Morgan, and Best Buy Co upgraded their overweight rating.
The last upgrade for Best Buy Co Inc happened on March 22, 2024 when JP Morgan raised their price target to $101. JP Morgan previously had a neutral for Best Buy Co Inc.
The last downgrade for Best Buy Co Inc happened on February 27, 2023 when Telsey Advisory Group changed their price target from $88 to $83 for Best Buy Co Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Best Buy Co, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Best Buy Co was filed on March 22, 2024 so you should expect the next rating to be made available sometime around March 22, 2025.
While ratings are subjective and will change, the latest Best Buy Co (BBY) rating was a upgraded with a price target of $89.00 to $101.00. The current price Best Buy Co (BBY) is trading at is $76.05, which is out of the analyst’s predicted range.
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