S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Why This Bear Market Is Not Even Close to Being Done…
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EU chief: New Greece-Bulgaria gas pipeline 'means freedom'
Denmark says Nord Stream 1 natural gas pipeline has also stopped leaking
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Denmark says Nord Stream 1 pipelines stop leaking
Brazil holds historic election with Lula against Bolsonaro
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US shift away from coal hits tribal community in New Mexico
Allies aim for risky Russian oil price cap as winter nears
S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Why This Bear Market Is Not Even Close to Being Done…
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
EU chief: New Greece-Bulgaria gas pipeline 'means freedom'
Denmark says Nord Stream 1 natural gas pipeline has also stopped leaking
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
Denmark says Nord Stream 1 pipelines stop leaking
Brazil holds historic election with Lula against Bolsonaro
A One Stop Shop for Everything Futures Trading (Ad)pixel
US shift away from coal hits tribal community in New Mexico
Allies aim for risky Russian oil price cap as winter nears
S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Why This Bear Market Is Not Even Close to Being Done…
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
EU chief: New Greece-Bulgaria gas pipeline 'means freedom'
Denmark says Nord Stream 1 natural gas pipeline has also stopped leaking
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
Denmark says Nord Stream 1 pipelines stop leaking
Brazil holds historic election with Lula against Bolsonaro
A One Stop Shop for Everything Futures Trading (Ad)pixel
US shift away from coal hits tribal community in New Mexico
Allies aim for risky Russian oil price cap as winter nears
S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Why This Bear Market Is Not Even Close to Being Done…
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
EU chief: New Greece-Bulgaria gas pipeline 'means freedom'
Denmark says Nord Stream 1 natural gas pipeline has also stopped leaking
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
Denmark says Nord Stream 1 pipelines stop leaking
Brazil holds historic election with Lula against Bolsonaro
A One Stop Shop for Everything Futures Trading (Ad)pixel
US shift away from coal hits tribal community in New Mexico
Allies aim for risky Russian oil price cap as winter nears
NYSE:BBY

Best Buy - BBY Price Target & Analyst Ratings

$63.34
-1.74 (-2.67%)
(As of 09/30/2022 12:00 AM ET)
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Compare
Today's Range
$62.42
$65.54
50-Day Range
$63.34
$84.95
52-Week Range
$62.42
$141.97
Volume
2.91 million shs
Average Volume
2.38 million shs
Market Capitalization
$14.26 billion
P/E Ratio
8.49
Dividend Yield
5.41%
Price Target
$86.13

Best Buy Consensus Rating and Price Target (2022)

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 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 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.

Consensus Analyst Rating

Hold
Based on 16 Analyst Ratings

Consensus Analyst Price Target

$86.13
35.97% Upside
High Prediction$147.00
Average Prediction$86.13
Low Prediction$61.00
TypeCurrent
10/2/21 to 10/2/22
1 Month Ago
9/2/21 to 9/2/22
3 Months Ago
7/4/21 to 7/4/22
1 Year Ago
10/2/20 to 10/2/21
Consensus Rating
Hold
Hold
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
6 Buy rating(s)
6 Buy rating(s)
9 Buy rating(s)
13 Buy rating(s)
Hold
8 Hold rating(s)
8 Hold rating(s)
5 Hold rating(s)
5 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$86.13$86.13$96.06$129.13
Predicted Upside35.97% Upside10.13% Upside16.24% Upside12.85% Upside
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BBY 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.
Skip Chart & View Analyst Rating History

BBY Price Targets 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.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Best Buy Stock vs. The Competition

TypeBest BuyRetail/Wholesale CompaniesS&P 500
Consensus Rating Score
2.25
2.45
2.49
Consensus RatingHoldHoldHold
Predicted Upside35.97% Upside154.55% Upside35.94% Upside
News Sentiment RatingPositive News
Neutral News
Neutral News
MarketBeat
Community Rating
Outperform Votes
1535
75.02%
Underperform Votes
511
24.98%
Avg. Outperform Votes
386
64.77%
Avg. Underperform Votes
210
35.23%
Avg. Outperform Votes
852
68.43%
Avg. Underperform Votes
393
31.57%

Historical Target Prices and Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
8/31/2022Truist Financial
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 Boost TargetHold$67.00 ➝ $69.00-7.86%
8/31/2022DA Davidson
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 Lower TargetBuy$110.00 ➝ $99.00+32.19%
8/31/2022Wedbush
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S. Basham
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Boost TargetBuy$75.00 ➝ $80.00+6.82%
8/31/2022Citigroup
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 Boost TargetSell$59.00 ➝ $61.00-18.55%
8/31/2022Morgan Stanley
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 Lower TargetEqual Weight$82.00 ➝ $80.00+6.82%
8/8/2022Piper Sandler
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 Lower TargetOverweight$91.00 ➝ $84.00+6.45%
8/1/2022Guggenheim
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 Lower TargetBuy$100.00 ➝ $85.00+10.40%
7/28/2022Telsey Advisory Group
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 Lower TargetOutperform$88.00 ➝ $82.00+9.51%
7/28/2022UBS Group
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 Lower TargetNeutral$80.00 ➝ $76.00+1.50%
7/28/2022Wells Fargo & Company
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 Lower TargetEqual Weight$82.00 ➝ $70.00-6.03%
7/28/2022Jefferies Financial Group
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 DowngradeBuy ➝ Hold$106.00 ➝ $71.00-4.69%
6/14/2022Bank of America
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 DowngradeBuy ➝ Neutral
6/7/2022The Goldman Sachs Group
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 Reiterated RatingSell ➝ Sell$96.00 ➝ $82.00+3.44%
5/25/2022Barclays
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 DowngradeOverweight ➝ Equal Weight$80.00+8.89%
3/4/2022Raymond James
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 DowngradeOutperform ➝ Market Perform
2/28/2022JPMorgan Chase & Co.
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 Lower TargetBuy$134.00 ➝ $107.00+11.66%
3/4/2021Royal Bank of Canada
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 Lower TargetSector Perform$130.00 ➝ $114.00+13.58%
11/25/2020Credit Suisse Group
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 Boost TargetNeutral$97.00 ➝ $116.00+2.17%
11/25/2020Loop Capital
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 UpgradeBuy
10/23/2020Oppenheimer
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Brian Nagel
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DowngradeOutperform ➝ Market Perform$120.00 ➝ $125.00+6.42%
10/5/2020Exane BNP Paribas
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 Initiated CoverageOutperform$131.00+12.76%
5/22/2020Nomura
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 Lower TargetBuy ➝ Neutral$85.00 ➝ $84.00+7.71%
5/22/2020Nomura Instinet
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 Lower TargetNeutral$85.00 ➝ $84.00+7.17%
5/20/2020Cfra
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 Boost TargetBuy$75.00 ➝ $90.00+7.81%
4/16/2020Nomura Securities
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Michael Baker
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Boost TargetBuy ➝ Neutral$58.00 ➝ $70.00+7.53%
11/27/2019Piper Jaffray Companies
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 UpgradeBuy$86.00 ➝ $97.00+18.92%
10/8/2019Wolfe Research
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Chris Bottiglieri
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Initiated CoverageBuy$82.00+17.93%
(Data available from 10/2/2017 forward. View 10+ years of historical ratings with our analyst ratings screener.)












BBY Price Target - Frequently Asked Questions

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

According to the issued ratings of 16 analysts in the last year, the consensus rating for Best Buy stock is Hold based on the current 2 sell ratings, 8 hold ratings and 6 buy ratings for BBY. The average twelve-month price prediction for Best Buy is $86.13 with a high price target of $147.00 and a low price target of $61.00. Learn more on BBY's analyst rating history.

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

Analysts like Best Buy less than other Retail/Wholesale companies. The consensus rating score for Best Buy is 2.25 while the average consensus rating score for retail/wholesale companies is 2.45. Learn more on how BBY compares to other companies.

Do MarketBeat users like Best Buy more than its competitors?

MarketBeat users like Best Buy more than other Retail/Wholesale companies. 75.02% of MarketBeat users gave Best Buy an outperform vote while retail/wholesale companies recieve an average of 64.77% outperform votes by MarketBeat users.

Is Best Buy being downgraded by Wall Street analysts?

Over the previous 90 days, Best Buy's stock had 1 downgrade by analysts.

Does Best Buy's stock price have much upside?

According to analysts, Best Buy's stock has a predicted upside of 10.13% based on their 12-month price targets.

What analysts cover Best Buy?

Stock Ratings Reports and Tools

This page (NYSE:BBY) was last updated on 10/2/2022 by MarketBeat.com Staff

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