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

OverviewForecast
EarningsDividendOwnership

Analyst price target for BBY

Based on 12 analysts offering 12 month price targets for Best Buy Co Inc.
Min Forecast
$65.00-14.47%
Avg Forecast
$84.42+11.08%
Max Forecast
$101.00+32.89%

Should I buy or sell BBY stock?

Based on 12 analysts offering ratings for Best Buy Co Inc.
Buy
Strong Buy
3 analysts 25%
Buy
1 analysts 8.33%
Hold
7 analysts 58.33%
Sell
0 analysts 0%
Strong Sell
1 analysts 8.33%

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BBY stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-03-22
lockedlocked$00.00+00.00%2024-03-20
lockedlocked$00.00+00.00%2024-03-01
lockedlocked$00.00+00.00%2024-03-01
lockedlocked$00.00+00.00%2024-03-01
Goldman Sachs
Bottom 6%
6
Strong BuyMaintains$90.00+18.42%2024-03-01
Wedbush
Top 19%
82
HoldMaintains$85.00+11.84%2024-03-01
Truist Securities
Top 4%
97
HoldMaintains$87.00+14.47%2024-03-01
Barclays
Bottom 1%
1
HoldMaintains$88.00+15.79%2024-03-01
Jefferies
Bottom 8%
8
Strong BuyUpgrades$89.00+17.11%2023-12-11

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Forecast return on equity

Is BBY forecast to generate an efficient return?
Company
N/A
Industry
N/A
Market
35.66%

Forecast return on assets

Is BBY forecast to generate an efficient return on assets?
Company
N/A
Industry
N/A

BBY revenue forecast

What is BBY's revenue in the next 3 years based on estimates from 11 analysts?
Avg 1 year Forecast
$42.0B-3.34%
Avg 2 year Forecast
$43.0B-1.08%
Avg 3 year Forecast
$43.8B+0.82%
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
50.76%
Industry
17.34%
Market
21.73%
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
0.31%
Industry
4.41%
Market
10.23%
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$76.00$84.42+11.08%Buy
DKS$195.22$217.16+11.24%Buy
WSM$279.53$262.31-6.16%Hold
ULTA$425.11$571.10+34.34%Buy
CASY$309.40$328.40+6.14%Strong Buy
View Top Retail Stocks

Best Buy Co Stock Forecast FAQ

Is Best Buy Co Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 12 Wall Street analysts covering (NYSE: BBY) stock is to Buy BBY stock.

Out of 12 analysts, 3 (25%) are recommending BBY as a Strong Buy, 1 (8.33%) are recommending BBY as a Buy, 7 (58.33%) are recommending BBY as a Hold, 0 (0%) are recommending BBY as a Sell, and 1 (8.33%) 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 revenue growth forecast for 2025-2027?

(NYSE: BBY) Best Buy Co's forecast annual revenue growth rate of 0.31% is not forecast to beat the US Specialty Retail industry's average forecast revenue growth rate of 4.41%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 10.23%.

Best Buy Co's revenue in 2024 is $43,452,000,000.On average, 11 Wall Street analysts forecast BBY's revenue for 2025 to be $9,046,289,755,176, with the lowest BBY revenue forecast at $8,887,935,107,512, and the highest BBY revenue forecast at $9,228,446,631,565. On average, 10 Wall Street analysts forecast BBY's revenue for 2026 to be $9,257,219,862,886, with the lowest BBY revenue forecast at $8,950,634,785,410, and the highest BBY revenue forecast at $9,576,933,728,675.

In 2027, BBY is forecast to generate $9,435,229,355,132 in revenue, with the lowest revenue forecast at $9,379,153,516,656 and the highest revenue forecast at $9,570,041,524,035.

What is BBY's forecast return on assets (ROA) for 2025-2027?

(NYSE: BBY) forecast ROA is N/A, which is lower than the forecast US Specialty Retail industry average of N/A.

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 $84.42, with the highest BBY stock price forecast at $101.00 and the lowest BBY stock price forecast at $65.00.

On average, Wall Street analysts predict that Best Buy Co's share price could reach $84.42 by Mar 22, 2025. The average Best Buy Co stock price prediction forecasts a potential upside of 11.08% from the current BBY share price of $76.00.

What is BBY's forecast return on equity (ROE) for 2025-2027?

(NYSE: BBY) forecast ROE is N/A, which is considered weak.
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