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

Buy BBY

Analyst price target for BBY

Based on 12 analysts offering 12 month price targets for Best Buy Co Inc.
Min Forecast
$65.00-23.48%
Avg Forecast
$78.92-7.1%
Max Forecast
$110.00+29.49%

Should I buy or sell BBY stock?

Based on 15 analysts offering ratings for Best Buy Co Inc.
Hold
Strong Buy
3 analysts 20%
Buy
1 analysts 6.67%
Hold
9 analysts 60%
Sell
0 analysts 0%
Strong Sell
2 analysts 13.33%

BBY stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Piper Sandler
Top 7%
94
Strong BuyMaintains$84.00-1.12%2022-08-08
Guggenheim
Top 30%
71
Strong BuyMaintains$85.00+0.06%2022-08-01
Truist Securities
Top 4%
97
HoldMaintains$67.00-21.13%2022-07-28
Morgan Stanley
Bottom 1%
1
HoldMaintains$82.00-3.47%2022-07-28
UBS
Top 15%
86
HoldMaintains$76.00-10.54%2022-07-28
R5 Capital
Bottom 46%
46
Strong SellDowngradesN/AN/A2022-07-28
Wells Fargo
Top 1%
100
HoldMaintains$70.00-17.60%2022-07-28
Telsey Advisory Group
Top 9%
92
BuyMaintains$82.00-3.47%2022-07-28
Jefferies
Bottom 9%
9
HoldDowngrades$71.00-16.42%2022-07-28
Bank of America
Top 32%
69
HoldDowngradesN/AN/A2022-06-14

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Forecast return on equity

Is BBY forecast to generate an efficient return?
Company
83.9%
Industry
20.05%
Market
27.69%
BBY's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is BBY forecast to generate an efficient return on assets?
Company
15.22%
Industry
16.32%
BBY is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

BBY earnings per share forecast

What is BBY's earnings per share in the next 3 years based on estimates from 13 analysts?
Avg 1 year Forecast
$6.50-28.41%
Avg 2 year Forecast
$7.78-14.32%
Avg 3 year Forecast
$10.31+13.55%
BBY's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

BBY revenue forecast

What is BBY's revenue in the next 3 years based on estimates from 11 analysts?
Avg 1 year Forecast
$46.4B-8.52%
Avg 2 year Forecast
$47.3B-6.93%
Avg 3 year Forecast
$49.9B-1.66%
BBY's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

BBY earnings growth forecast

How is BBY forecast to perform vs Specialty Retail companies and vs the US market?
Company
3.04%
Industry
3.32%
Market
16.25%
BBY's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
BBY's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
BBY's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

BBY revenue growth forecast

How is BBY forecast to perform vs Specialty Retail companies and vs the US market?
Company
-0.89%
Industry
8.23%
Market
8.68%
BBY's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
BBY's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

BBY vs Retail Stocks

TickerPricePrice TargetUp/downsideConsensus
BBY$84.95$78.92-7.10%Hold
ULTA$407.26$464.21+13.98%Buy
GPC$159.15$138.67-12.87%Hold
TSCO$204.73$239.88+17.17%Strong Buy
GME$42.19$26.50-37.19%Sell

Best Buy Co Stock Forecast FAQ

Is Best Buy Co Stock a good buy in 2022, according to Wall Street analysts?

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

Out of 15 analysts, 3 (20%) are recommending BBY as a Strong Buy, 1 (6.67%) are recommending BBY as a Buy, 9 (60%) 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.

If you're new to stock investing, here's how to buy Best Buy Co stock.

What is BBY's earnings growth forecast for 2023-2025?

(NYSE: BBY) Best Buy Co's forecast annual earnings growth rate of 3.04% is not forecast to beat the US Specialty Retail industry's average forecast earnings growth rate of 3.32%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 16.25%.

Best Buy Co's earnings in 2022 is $2,200,000,000.On average, 13 Wall Street analysts forecast BBY's earnings for 2023 to be $1,463,594,646, with the lowest BBY earnings forecast at $1,308,228,445, and the highest BBY earnings forecast at $1,985,985,350. On average, 13 Wall Street analysts forecast BBY's earnings for 2024 to be $1,751,810,206, with the lowest BBY earnings forecast at $1,369,023,915, and the highest BBY earnings forecast at $2,400,295,219.

In 2025, BBY is forecast to generate $2,321,486,276 in earnings, with the lowest earnings forecast at $1,745,055,154 and the highest earnings forecast at $2,927,189,291.

What is BBY's revenue growth forecast for 2023-2025?

(NYSE: BBY) Best Buy Co's forecast annual revenue growth rate of -0.89% is not forecast to beat the US Specialty Retail industry's average forecast revenue growth rate of 8.23%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 8.68%.

Best Buy Co's revenue in 2022 is $50,771,000,000.On average, 11 Wall Street analysts forecast BBY's revenue for 2023 to be $10,457,725,547,739, with the lowest BBY revenue forecast at $10,217,016,467,625, and the highest BBY revenue forecast at $11,102,581,295,515. On average, 11 Wall Street analysts forecast BBY's revenue for 2024 to be $10,639,829,145,890, with the lowest BBY revenue forecast at $9,815,180,928,493, and the highest BBY revenue forecast at $11,628,687,278,471.

In 2025, BBY is forecast to generate $11,241,720,059,590 in revenue, with the lowest revenue forecast at $10,680,172,569,372 and the highest revenue forecast at $12,165,083,457,626.

What is BBY's forecast return on assets (ROA) for 2023-2025?

(NYSE: BBY) forecast ROA is 15.22%, which is lower than the forecast US Specialty Retail industry average of 16.32%.

What is BBY's Price Target?

According to 12 Wall Street analysts that have issued a 1 year BBY price target, the average BBY price target is $78.92, with the highest BBY stock price forecast at $110.00 and the lowest BBY stock price forecast at $65.00.

On average, Wall Street analysts predict that Best Buy Co's share price could fall to $78.92 by Aug 8, 2023. The average Best Buy Co stock price prediction forecasts a potential downside of 7.1% from the current BBY share price of $84.95.

What is BBY's Earnings Per Share (EPS) forecast for 2023-2025?

(NYSE: BBY) Best Buy Co's current Earnings Per Share (EPS) is $9.08. On average, analysts forecast that BBY's EPS will be $6.50 for 2023, with the lowest EPS forecast at $5.81, and the highest EPS forecast at $8.82. On average, analysts forecast that BBY's EPS will be $7.78 for 2024, with the lowest EPS forecast at $6.08, and the highest EPS forecast at $10.66. In 2025, BBY's EPS is forecast to hit $10.31 (min: $7.75, max: $13.00).

What is BBY's forecast return on equity (ROE) for 2023-2025?

(NYSE: BBY) forecast ROE is 83.9%, which is considered strong.
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