NYSE:BBY

Best Buy Price Target, Predictions & Analyst Ratings

$109.51
+0.24 (+0.22 %)
(As of 09/16/2021 01:32 PM ET)
Add
Compare
Today's Range
$108.69
$110.17
50-Day Range
$108.16
$121.89
52-Week Range
$95.93
$128.57
Volume70,457 shs
Average Volume2.45 million shs
Market Capitalization$26.94 billion
P/E Ratio11.17
Dividend Yield2.54%
Beta1.52

Best Buy (NYSE:BBY) Price Target and Consensus Rating

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analyst Rating Consensus

Buy
Based on 20 Analyst Ratings

Analyst Price Target Consensus

$128.75

High PT$157.00
Average PT$128.75
Low PT$97.00
TypeCurrent
9/16/20 to 9/16/21
1 Month Ago
8/17/20 to 8/17/21
3 Months Ago
6/18/20 to 6/18/21
1 Year Ago
9/17/19 to 9/16/20
Consensus Rating
Buy
Buy
Buy
Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
14 Buy rating(s)
12 Buy rating(s)
12 Buy rating(s)
15 Buy rating(s)
Hold
5 Hold rating(s)
6 Hold rating(s)
7 Hold rating(s)
6 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$128.75$123.40$121.24$101.55
Price Target Upside17.57% Upside8.95% Upside8.72% Upside13.72% Upside
Get Best Buy Upgrade and Downgrade Alerts

Sign-up to receive the latest news and ratings for BBY and its competitors with MarketBeat's FREE daily newsletter.


Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

Average Share Price and Price Target by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Best Buy (NYSE:BBY) vs. Its Competitors

TypeBest BuyRetail/Wholesale CompaniesS&P 500
Consensus Rating Score
2.65
2.51
2.56
Consensus RatingBuyBuyBuy
Price Target Upside31.35% Upside7.34% Upside
News Sentiment RatingPositive News
Neutral News
Neutral News
MarketBeat
Community Rating
Outperform Votes
1503
75.83%
Underperform Votes
479
24.17%
Avg. Outperform Votes
435
66.31%
Avg. Underperform Votes
221
33.69%
Avg. Outperform Votes
829
69.55%
Avg. Underperform Votes
363
30.45%

Best Buy (NYSE:BBY) Analyst Ratings History

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
8/25/2021Wedbush
S. Basham
UpgradeBuy
8/25/2021DA Davidson
M. Baker
UpgradeBuy
8/25/2021Wells Fargo & Company
UpgradeBuy
8/25/2021Jefferies Financial Group
Boost Price TargetBuy$136.00 ➝ $145.00+19.35%
8/25/2021Telsey Advisory Group
Boost Price TargetOutperform$140.00 ➝ $150.00+23.47%
8/25/2021Bank of America
UpgradeBuy$145.00 ➝ $157.00+29.23%
8/25/2021Citigroup
UpgradeBuy$109.00 ➝ $115.00-5.34%
6/1/2021Morgan Stanley
Boost Price TargetEqual Weight$115.00 ➝ $120.00+4.44%
5/28/2021Raymond James
Boost Price TargetOutperform$130.00 ➝ $135.00+14.27%
5/28/2021Barclays
Boost Price TargetOverweight$121.00 ➝ $135.00+14.27%
5/28/2021Piper Sandler
Boost Price TargetOverweight$140.00 ➝ $144.00+21.89%
3/4/2021Royal Bank of Canada
Lower Price TargetSector Perform$130.00 ➝ $114.00+13.58%
2/25/2021UBS Group
Boost Price TargetNeutral$110.00 ➝ $120.00+11.64%
12/10/2020The Goldman Sachs Group
DowngradeNeutral ➝ Sell$107.00 ➝ $97.00-7.41%
11/25/2020Credit Suisse Group
Boost Price TargetNeutral$97.00 ➝ $116.00+2.17%
11/25/2020Loop Capital
UpgradeBuy
10/23/2020Oppenheimer
Brian Nagel
DowngradeOutperform ➝ Market Perform$120.00 ➝ $125.00+6.42%
10/5/2020Exane BNP Paribas
Initiated CoverageOutperform$131.00+12.76%
9/29/2020Cleveland Research
UpgradeNeutral ➝ Buy
8/26/2020Guggenheim
UpgradeBuy
5/22/2020Nomura
Lower Price TargetBuy ➝ Neutral$85.00 ➝ $84.00+7.71%
5/22/2020Nomura Instinet
Lower Price TargetNeutral$85.00 ➝ $84.00+7.17%
5/20/2020Cfra
Boost Price TargetBuy$75.00 ➝ $90.00+7.81%
4/16/2020Nomura Securities
Michael Baker
Boost Price TargetBuy ➝ Neutral$58.00 ➝ $70.00+7.53%
11/27/2019Piper Jaffray Companies
UpgradeBuy$86.00 ➝ $97.00+18.92%
10/8/2019Wolfe Research
Chris Bottiglieri
Initiated CoverageBuy$82.00+17.93%
3/20/2019Evercore ISI
Initiated CoverageIn-line ➝ In-Line$75.00+7.31%
1/11/2019Deutsche Bank Aktiengesellschaft
Michael Baker
Reiterated RatingBuy
12/19/2018Moffett Nathanson
UpgradeSell ➝ Neutral
(Data available from 9/16/2016 forward. View 10+ years of historical ratings with our analyst ratings screener.)
speech bubbles
speech bubbles











Best Buy (NYSE:BBY) Analyst Ratings Frequently Asked Questions

What is Best Buy's consensus rating and price target?

According to the issued ratings of 20 analysts in the last year, the consensus rating for Best Buy stock is Buy based on the current 1 sell rating, 5 hold ratings and 14 buy ratings for BBY. The average twelve-month price target for Best Buy is $128.75 with a high price target of $157.00 and a low price target of $97.00. Learn more on BBY's analyst rating history

Do Wall Street analysts like Best Buy more than its competitors?

Analysts like Best Buy stock more than the stock of other Retail/Wholesale companies. The consensus rating score for Best Buy is 2.65 while the average consensus rating score for retail/wholesale companies is 2.51. Learn more on how BBY compares to other companies

Do MarketBeat users like Best Buy more than its competitors?

MarketBeat users like Best Buy stock more than the stock of other Retail/Wholesale companies. 75.83% of MarketBeat users gave Best Buy an outperform vote while retail/wholesale companies recieve an average of 66.31% outperform votes by MarketBeat users.

Is Best Buy being upgraded by Wall Street analysts?

Over the previous 90 days, Best Buy's stock had 5 upgrades by analysts.

Does Best Buy's stock price have much upside?

According to analysts, Best Buy's stock has a predicted upside of 11.68% based on their 12-month price targets.

What analysts cover Best Buy?

This page was last updated on 9/16/2021 by MarketBeat.com Staff
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.