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Best Buy (BBY) Stock Forecast, Price Target & Predictions

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BBY Stock Forecast

Best Buy (BBY) stock forecast, based on 30 Wall Street analysts, predicts a 12-month average price target of $90.86, with a high of $105.00 and a low of $81.00. This represents a 46.62% increase from the last price of $61.97.

$60 $69 $78 $87 $96 $105 High: $105 Avg: $90.86 Low: $81 Last Closed Price: $61.97

BBY Stock Rating

Best Buy stock's rating consensus is Buy, based on 30 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 17 Buy (56.67%), 12 Hold (40.00%), 1 Sell (3.33%), and 0 Strong Sell (0.00%).

Buy
Total 30 1 12 17 Strong Sell Sell Hold Buy Strong Buy

BBY Price Target Upside V Benchmarks

TypeNameUpside
StockBest Buy46.62%
SectorConsumer Cyclical Stocks 29.57%
IndustrySpecialty Retail Stocks 37.56%

Price Target Trends

1M3M12M
# Anlaysts-721
Avg Price Target-$90.86$95.57
Last Closing Price$61.97$61.97$61.97
Upside/Downside-46.62%54.22%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Apr, 254916-130
Mar, 253818-130
Feb, 253818-130
Jan, 253818-130
Dec, 244818-131
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Mar 06, 2025Loop Capital Markets$90.00$78.6014.50%45.23%
Mar 05, 2025Telsey Advisory$100.00$75.5332.40%61.37%
Mar 05, 2025UBS$105.00$75.5339.02%69.44%
Mar 05, 2025Guggenheim$90.00$75.5319.16%45.23%
Nov 29, 2024Steven ForbesGuggenheim$105.00$87.8019.59%69.44%
Sep 23, 2024Karen ShortMelius Research$100.00$97.053.04%61.37%
Aug 30, 2024Seth BashamWedbush$95.00$100.01-5.01%53.30%
Aug 30, 2024Anthony ChukumbaLoop Capital Markets$110.00$100.019.99%77.51%
Aug 30, 2024Greg MelichEvercore ISI$94.00$100.18-6.17%51.69%
Aug 30, 2024Peter KeithPiper Sandler$114.00$100.1813.80%83.96%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Apr 03, 2025CitigroupPositiveBuydowngrade
Mar 06, 2025Loop Capital MarketsBuyBuyhold
Mar 05, 2025Loop Capital MarketsNegativeNegativehold
Mar 03, 2025Telsey AdvisoryBuyBuyhold
Feb 28, 2025Telsey AdvisoryOutperformOutperformhold
Dec 18, 2024Loop Capital MarketsBuyBuyhold
Nov 29, 2024GuggenheimBuyBuyhold
Nov 27, 2024Loop Capital MarketsBuyBuyhold
Nov 22, 2024Bank of America SecuritiesBuyBuyhold
Oct 15, 2024Wells FargoBuyBuyhold

Financial Forecast

EPS Forecast

$6 $7 $8 $9 $10 $11 $12 $13 Feb 21 Feb 22 Feb 23 Feb 24 Feb 25 Feb 26 Feb 27 Feb 28 Feb 29
Feb 21Feb 22Feb 23Feb 24Feb 25Feb 26Feb 27Feb 28Feb 29
Reported---------
Avg Forecast$7.87$10.02$6.58$6.17$6.18$6.60$7.40$8.99$12.45
High Forecast$8.01$10.20$6.77$6.21$6.24$6.91$7.97$9.25$12.81
Low Forecast$7.70$9.80$6.49$6.05$6.10$6.21$6.82$8.86$12.28
Surprise %---------

Revenue Forecast

$40B $43B $46B $49B $52B $55B Feb 21 Feb 22 Feb 23 Feb 24 Feb 25 Feb 26 Feb 27 Feb 28 Feb 29
Feb 21Feb 22Feb 23Feb 24Feb 25Feb 26Feb 27Feb 28Feb 29
Reported---------
Avg Forecast$47.43B$51.97B$46.28B$43.37B$41.24B$41.77B$42.84B$43.50B$44.06B
High Forecast$48.10B$52.70B$47.32B$43.59B$41.41B$42.60B$43.99B$44.48B$45.05B
Low Forecast$46.64B$51.11B$45.79B$43.12B$41.06B$41.25B$41.69B$43.04B$43.59B
Surprise %---------

Net Income Forecast

$1B $1B $2B $2B $3B $3B Feb 21 Feb 22 Feb 23 Feb 24 Feb 25 Feb 26 Feb 27 Feb 28 Feb 29
Feb 21Feb 22Feb 23Feb 24Feb 25Feb 26Feb 27Feb 28Feb 29
Reported---------
Avg Forecast$1.72B$2.19B$1.44B$1.28B$1.31B$1.37B$1.62B$1.96B$2.72B
High Forecast$1.75B$2.23B$1.48B$1.53B$1.33B$1.51B$1.74B$2.02B$2.80B
Low Forecast$1.68B$2.14B$1.42B$1.02B$1.29B$1.36B$1.49B$1.94B$2.68B
Surprise %---------

BBY Forecast FAQ

Is Best Buy stock a buy?

Best Buy stock has a consensus rating of Buy, based on 30 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 17 Buy, 12 Hold, 1 Sell, and 0 Strong Sell, reflecting a consensus that Best Buy is a favorable investment for most analysts.

What is Best Buy's price target?

Best Buy's price target, set by 30 Wall Street analysts, averages $90.86 over the next 12 months. The price target range spans from $81 at the low end to $105 at the high end, suggesting a potential 46.62% change from the previous closing price of $61.97.

How does Best Buy stock forecast compare to its benchmarks?

Best Buy's stock forecast shows a 46.62% upside, outperforming the average forecast for the consumer cyclical stocks sector (29.57%) and outperforming the specialty retail stocks industry (37.56%).

What is the breakdown of analyst ratings for Best Buy over the past three months?

  • April 2025: 13.33% Strong Buy, 30.00% Buy, 53.33% Hold, 0% Sell, 3.33% Strong Sell.
  • March 2025: 10.00% Strong Buy, 26.67% Buy, 60.00% Hold, 0% Sell, 3.33% Strong Sell.
  • February 2025: 10.00% Strong Buy, 26.67% Buy, 60.00% Hold, 0% Sell, 3.33% Strong Sell.

What is Best Buy’s EPS forecast?

Best Buy's average annual EPS forecast for its fiscal year ending in February 2021 is $7.87, marking a 0% decrease from the reported - in 2020. Estimates for the following years are $10.02 in 2022, $6.58 in 2023, $6.17 in 2024, $6.18 in 2025, $6.6 in 2026, $7.4 in 2027, $8.99 in 2028, and $12.45 in 2029.

What is Best Buy’s revenue forecast?

Best Buy's average annual revenue forecast for its fiscal year ending in February 2021 is $47.43B, reflecting a 0% decrease from the reported - in 2020. The forecast for 2022 is $51.97B, followed by $46.28B for 2023, $43.37B for 2024, $41.24B for 2025, $41.77B for 2026, $42.84B for 2027, $43.5B for 2028, and $44.06B for 2029.

What is Best Buy’s net income forecast?

Best Buy's net income forecast for the fiscal year ending in February 2021 stands at $1.72B, representing a 0% decrease from the reported - in 2020. Projections indicate $2.19B in 2022, $1.44B in 2023, $1.28B in 2024, $1.31B in 2025, $1.37B in 2026, $1.62B in 2027, $1.96B in 2028, and $2.72B in 2029.