WallStreetZen

NYSE: BBY
Best Buy Co Inc Stock Forecast, Predictions & Price Target

Analyst price target for BBY

Based on 15 analysts offering 12 month price targets for Best Buy Co Inc.
Min Forecast
$97.00-7.32%
Avg Forecast
$131.67+25.8%
Max Forecast
$175.00+67.21%

Should I buy or sell BBY stock?

Based on 15 analysts offering ratings for Best Buy Co Inc.
Buy
Strong Buy
6 analysts 40%
Buy
2 analysts 13.33%
Hold
5 analysts 33.33%
Sell
0 analysts 0%
Strong Sell
2 analysts 13.33%

BBY stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
R5 Capital
Bottom 28%
28
Strong BuyUpgrades$140.00+33.77%2021-12-06
Jefferies
Top 32%
69
Strong BuyMaintains$137.00+30.90%2021-11-24
Bank of America
Top 26%
75
Strong BuyMaintains$175.00+67.21%2021-11-24
Anonymous
Citigroup
Strong SellMaintains$106.00+1.28%2021-11-24
Wells Fargo
Top 1%
100
HoldMaintains$135.00+28.99%2021-11-18
Piper Sandler
Top 5%
96
Strong BuyMaintains$155.00+48.10%2021-10-26
Citigroup
Top 16%
85
Strong SellMaintains$115.00+9.88%2021-08-25
Telsey Advisory Group
Top 2%
99
BuyMaintains$150.00+43.32%2021-08-25
Barclays
Bottom 5%
5
Strong BuyMaintains$135.00+28.99%2021-05-28
Raymond James
Top 5%
96
BuyMaintains$135.00+28.99%2021-05-28

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Forecast return on equity

Is BBY forecast to generate an efficient return?
Company
54.77%
Industry
6.75%
Market
37.06%
BBY's Return on Equity is forecast to be high in 3 years (54.77%); analysts are confident in the firm's ability to efficiently generate return on equity
Forecast

Forecast return on assets

Is BBY forecast to generate an efficient return on assets?
Company
11.66%
Industry
9.99%
BBY is forecast to generate higher Return on Assets (11.66%) than the US Specialty Retail industry average (9.99%)
Forecast

BBY earnings per share forecast

What is BBY's earnings per share in the next 3 years based on estimates from 11 analysts?
Avg 1 year Forecast
$9.95-4.69%
Avg 2 year Forecast
$9.51-8.91%
Avg 3 year Forecast
$9.74-6.7%
BBY's earnings are forecast to grow at a rate of -3.05% per year, which is not exceptional
Forecast

BBY revenue forecast

What is BBY's revenue in the next 3 years based on estimates from 9 analysts?
Avg 1 year Forecast
$52.2B-0.16%
Avg 2 year Forecast
$51.1B-2.35%
Avg 3 year Forecast
$52.2B-0.17%
BBY's revenue is forecast to grow at a rate of -0.39% per year, which is not exceptional
Forecast

BBY earnings growth forecast

How is BBY forecast to perform vs Specialty Retail companies and vs the US market?
Company
-3.05%
Industry
1.54%
Market
14.37%
BBY's earnings are forecast to grow slower (-3.05% per year) than the US Specialty Retail industry average (1.54%)
Forecast
BBY's earnings are forecast to grow slower (-3.05% per year) than the US market average (14.37%)
Forecast
BBY's earnings are forecast to grow slower (-3.05% per year) than the risk-free savings rate (1.4%)
Forecast

BBY revenue growth forecast

How is BBY forecast to perform vs Specialty Retail companies and vs the US market?
Company
-0.39%
Industry
3.8%
Market
10.03%
BBY's revenues are forecast to grow slower (-0.39% per year) than the US Specialty Retail industry average (3.8%)
Forecast
BBY's revenues are forecast to grow slower (-0.39% per year) than the US market average (10.03%)
Forecast

Best Buy Stock Forecast FAQ

Is Best Buy Stock a good buy in 2021, according to Wall Street analysts?

The consensus among 15 Wall Street analysts covering (NYSE: BBY) stock is to Buy BBY stock.

Out of 15 analysts, 6 (40%) are recommending BBY as a Strong Buy, 2 (13.33%) are recommending BBY as a Buy, 5 (33.33%) are recommending BBY as a Hold, 0 (0%) are recommending BBY as a Sell, and 2 (13.33%) are recommending BBY as a Strong Sell.

What is BBY's earnings growth forecast for 2022-2024?

(NYSE: BBY) Best Buy's forecast annual earnings growth rate of -3.05% is not forecast to beat the US Specialty Retail industry's average forecast earnings growth rate of 1.54%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 14.37%.

Best Buy's earnings in 2021 is $2,644,000,000.On average, 11 Wall Street analysts forecast BBY's earnings for 2022 to be $2,393,580,935, with the lowest BBY earnings forecast at $2,222,782,698, and the highest BBY earnings forecast at $2,547,539,910. On average, 10 Wall Street analysts forecast BBY's earnings for 2023 to be $2,287,734,140, with the lowest BBY earnings forecast at $1,893,214,267, and the highest BBY earnings forecast at $2,477,777,249.

In 2024, BBY is forecast to generate $2,343,063,147 in earnings, with the lowest earnings forecast at $2,027,928,370 and the highest earnings forecast at $2,658,197,923.

What is BBY's revenue growth forecast for 2022-2024?

(NYSE: BBY) Best Buy's forecast annual revenue growth rate of -0.39% is not forecast to beat the US Specialty Retail industry's average forecast revenue growth rate of 3.8%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 10.03%.

Best Buy's revenue in 2021 is $52,333,000,000.On average, 9 Wall Street analysts forecast BBY's revenue for 2022 to be $12,569,269,633,561, with the lowest BBY revenue forecast at $12,487,901,112,617, and the highest BBY revenue forecast at $12,719,898,042,648. On average, 9 Wall Street analysts forecast BBY's revenue for 2023 to be $12,293,428,314,821, with the lowest BBY revenue forecast at $11,866,366,326,063, and the highest BBY revenue forecast at $12,534,425,590,290.

In 2024, BBY is forecast to generate $12,567,930,912,163 in revenue, with the lowest revenue forecast at $12,217,799,336,342 and the highest revenue forecast at $12,858,461,119,896.

What is BBY's forecast return on assets (ROA) for 2022-2024?

(NYSE: BBY) forecast ROA is 11.66%, which is higher than the forecast US Specialty Retail industry average of 9.99%.

What is BBY's Price Target?

According to 15 Wall Street analysts that have issued a 1 year BBY price target, the average BBY price target is $131.67, with the highest BBY stock price forecast at $175.00 and the lowest BBY stock price forecast at $97.00.

On average, Wall Street analysts predict that Best Buy's share price could stay at $131.67 by Dec 6, 2022. The average Best Buy stock price prediction forecasts a potential downside of N/A from the current BBY share price of $104.66.

What is BBY's Earnings Per Share (EPS) forecast for 2022-2024?

(NYSE: BBY) Best Buy's current Earnings Per Share (EPS) is $10.44. On average, analysts forecast that BBY's EPS will be $9.95 for 2022, with the lowest EPS forecast at $9.24, and the highest EPS forecast at $10.59. On average, analysts forecast that BBY's EPS will be $9.51 for 2023, with the lowest EPS forecast at $7.87, and the highest EPS forecast at $10.30. In 2024, BBY's EPS is forecast to hit $9.74 (min: $8.43, max: $11.05).

What is BBY's forecast return on equity (ROE) for 2022-2024?

(NYSE: BBY) forecast ROE is 54.77%, which is considered strong.
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