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MSFT   378.91 (+0.02%)
META   327.15 (-1.52%)
GOOGL   132.53 (-1.82%)
AMZN   146.09 (-0.16%)
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NVDA   467.70 (-2.85%)
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BABA   74.88 (+0.28%)
AMD   121.16 (-2.17%)
T   16.57 (+1.66%)
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MU   76.12 (-0.74%)
CGC   0.56 (+0.07%)
GE   121.80 (+2.47%)
DIS   92.69 (+0.21%)
AMC   6.65 (-7.25%)
PFE   30.47 (+1.30%)
PYPL   57.61 (-0.62%)
XOM   102.74 (+0.39%)
S&P 500   4,567.80 (+0.38%)
DOW   35,950.89 (+1.47%)
QQQ   388.83 (-0.25%)
AAPL   189.95 (+0.31%)
MSFT   378.91 (+0.02%)
META   327.15 (-1.52%)
GOOGL   132.53 (-1.82%)
AMZN   146.09 (-0.16%)
TSLA   240.08 (-1.66%)
NVDA   467.70 (-2.85%)
NIO   7.27 (+1.25%)
BABA   74.88 (+0.28%)
AMD   121.16 (-2.17%)
T   16.57 (+1.66%)
F   10.26 (-3.12%)
MU   76.12 (-0.74%)
CGC   0.56 (+0.07%)
GE   121.80 (+2.47%)
DIS   92.69 (+0.21%)
AMC   6.65 (-7.25%)
PFE   30.47 (+1.30%)
PYPL   57.61 (-0.62%)
XOM   102.74 (+0.39%)
S&P 500   4,567.80 (+0.38%)
DOW   35,950.89 (+1.47%)
QQQ   388.83 (-0.25%)
AAPL   189.95 (+0.31%)
MSFT   378.91 (+0.02%)
META   327.15 (-1.52%)
GOOGL   132.53 (-1.82%)
AMZN   146.09 (-0.16%)
TSLA   240.08 (-1.66%)
NVDA   467.70 (-2.85%)
NIO   7.27 (+1.25%)
BABA   74.88 (+0.28%)
AMD   121.16 (-2.17%)
T   16.57 (+1.66%)
F   10.26 (-3.12%)
MU   76.12 (-0.74%)
CGC   0.56 (+0.07%)
GE   121.80 (+2.47%)
DIS   92.69 (+0.21%)
AMC   6.65 (-7.25%)
PFE   30.47 (+1.30%)
PYPL   57.61 (-0.62%)
XOM   102.74 (+0.39%)

Best Buy (BBY) Stock Forecast & Price Target

$70.94
+0.16 (+0.23%)
(As of 05:22 PM ET)
Compare
Today's Range
$69.75
▼
$71.27
50-Day Range
$62.88
▼
$71.04
52-Week Range
$62.30
▼
$93.32
Volume
4.28 million shs
Average Volume
2.38 million shs
Market Capitalization
$15.44 billion
P/E Ratio
12.23
Dividend Yield
5.19%
Price Target
$75.64
Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability

Best Buy Consensus Analyst Rating and Stock Price Forecast (2023)

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.

Analysts' Consensus Rating

Hold
Based on 15 Analyst Ratings

Analysts' Consensus Price Target

$75.64
6.63% Upside
High Forecast$90.00
Average Forecast$75.64
Low Forecast$65.00
TypeCurrent Forecast
11/30/22 to 11/30/23		1 Month Ago
10/31/22 to 10/31/23		3 Months Ago
9/1/22 to 9/1/23		1 Year Ago
11/30/21 to 11/30/22
Consensus Rating
Hold
Moderate Buy
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)
11 Buy rating(s)
11 Buy rating(s)
9 Buy rating(s)
Hold
8 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
7 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$75.64$80.67$80.67$81.44
Predicted Upside6.63% Upside5.71% Upside4.42% Upside4.47% 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.
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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.
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Best Buy Stock vs. The Competition

TypeBest BuyRetail/Wholesale CompaniesS&P 500
Consensus Rating Score
2.33
2.45
2.49
Consensus RatingHoldHoldHold
Predicted Upside6.89% Upside195.03% Upside4,719.86% Upside
News Sentiment RatingNeutral News
Positive News
Positive News

Recent Analyst Ratings and Stock Forecasts

Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/22/2023Evercore ISI
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetIn-Line ➝ In-Line$75.00 ➝ $70.00+3.14%
11/22/2023Truist Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetHold ➝ Hold$74.00 ➝ $68.00-0.56%
11/22/2023Wedbush
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingNeutral ➝ Neutral$70.00+2.41%
11/17/2023Telsey Advisory Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetMarket Perform ➝ Market Perform$80.00 ➝ $75.00+12.36%
11/13/2023Wells Fargo & Company
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetEqual Weight ➝ Equal Weight$80.00 ➝ $65.00+1.94%
11/13/2023UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetNeutral ➝ Neutral$85.00 ➝ $76.00+19.01%
10/19/2023The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeNeutral ➝ Buy$79.00 ➝ $85.00+21.11%
8/31/2023Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetEqual Weight ➝ Equal Weight$75.00 ➝ $80.00+4.53%
8/30/2023Guggenheim
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingBuy ➝ Buy$86.00+12.51%
8/30/2023DA Davidson
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$87.00 ➝ $90.00+16.99%
8/2/2023Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetSell ➝ Buy$62.00 ➝ $70.00-15.43%
5/25/2023Credit Suisse Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy$85.00 ➝ $75.00+5.22%
5/11/202358.com
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingMaintains
3/3/2023Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy$88.00 ➝ $80.00-0.98%
1/12/2023BNP Paribas
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeOutperform ➝ Neutral
12/14/2022Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeNeutral ➝ Underperform$80.00 ➝ $69.00-17.93%
(Data available from 11/30/2018 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 15 analysts in the last year, the consensus rating for Best Buy stock is Hold based on the current 1 sell rating, 8 hold ratings and 6 buy ratings for BBY. The average twelve-month price prediction for Best Buy is $75.64 with a high price target of $90.00 and a low price target of $65.00. 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 2.33 while the average consensus rating score for retail/wholesale companies is 2.43. Learn more on how BBY compares to other companies.

Is Best Buy being upgraded by Wall Street analysts?

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

Does Best Buy's stock price have much upside?

According to analysts, Best Buy's stock has a predicted upside of 4.03% based on their 12-month stock forecasts.

What analysts cover Best Buy?

Best Buy has been rated by Evercore ISI, Telsey Advisory Group, The Goldman Sachs Group, Truist Financial, UBS Group, Wedbush, and Wells Fargo & Company in the past 90 days.


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This page (NYSE:BBY) was last updated on 11/30/2023 by MarketBeat.com Staff

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