They currently have a $97.00 price target on the technology retailer’s stock, down from their prior price target … Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. What is the outlook for BBY? What price target have analysts set for BBY? © American Consumer News, LLC dba MarketBeat® 2010-2021. On average, Wall Street analysts predict that Best Buy's share price could reach $123.23 by Dec 31, 2021. BBY has a lower percent of analysts bearish on the stock than almost 100% of all US stocks. In recent trading, shares of Best Buy Inc (Symbol: BBY) have crossed above the average analyst 12-month target price of $113.44, changing hands for $113.50/share. This price target is based on 24 analysts offering 12 month price targets for Best Buy in the … Best Buy (NYSE:BBY) Price Target Raised to $116.00 at Credit Suisse Group Posted by Brian Himes on Nov 28th, 2020 Best Buy (NYSE:BBY) had its price objective boosted by Credit Suisse Group from $97.00 to $116.00 in a research note released on Wednesday morning, The Fly reports. BBY has a greater upside potential (average analyst target price relative to current price) than 59.87% of stocks in the large market cap category. Use POWR Ratings for clearer insight into price direction. On average, they expect Best Buy's stock price to reach $109.43 in the next year. MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. XL Fleet (NYSE:XL) Stock: The Next Big EV Company? The average price target represents a 25.65% increase from the last price of $100.76. 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. • An ETF to Buy for the Autonomous Vehicle Revolution, • 4 Stocks Soaring Higher on Biden's Infrastructure Plan. The high price target for BBY is $135.00 and the low price target for BBY is $70.00. The variance in analysts' estimates of BBY is lower than 18.28% of all US stocks. The average price target is $99.29 with a high forecast of $120.00 and a low forecast of $82.00.The average price target represents a 2.09% increase from the last price of $97.26. Trade Grade The new note on the price target was released on October 23, 2020, representing the official price target for Best Buy Co. Inc. stock. They now have a "neutral" rating on the stock. Best Buy Co. Inc. analyst estimates, including BBY earnings per share estimates and analyst recommendations. The average price target is $126.60 with a high forecast of $150.00 and a low forecast of $97.00. The high price target for BBY is $135.00 and the low price target for BBY is $70.00. The bullet points below may help you gain a better understanding of what the metrics in the price target and recommendations tables above mean for BBY as an investment opportunity. Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Highest: $105.00 (Oppenheimer) Lowest: $60.00 (Nomura/Instinet) Average: $84.20 * Over Last 12-Mos. Join thousands of investors who get the latest news, insights and top rated picks from StockNews.com! 10 ETFs With Most Upside To Analyst Targets BBY has a higher average analyst price target than 87.77% of all US stocks. 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. Learn more. Learn more. Analysts Have Been Trimming Their Best Buy Co., Inc. (NYSE:BBY) Price Target After Its Latest Report Simply Wall St March 26, 2020 Shareholders of Best Buy Co., Inc. ( NYSE:BBY ) will be pleased this week, given that the stock price is up 12% to US$60.56 following its latest yearly results.  Industry Rank, Ranked of 42 View Price Target for BBY Access over 100 stock metrics like Beta, EV/EBITDA, PE10, Free Cash Flow Yield, KZ Index and Cash Conversion Cycle. Find real-time BBY - Best Buy Co Inc stock quotes, company profile, news and forecasts from CNN Business. Get the latest Zacks research report on BBY — FREE. Use POWR Ratings for clearer insight into price direction. Shop Target for baby clothes--from newborn to toddler Target has you covered. Delta Air Lines or Southwest Airlines: Which Is a Better Buy As Vaccines Roll Out? Best Buy Co. Inc. analyst estimates, including BBY earnings per share estimates and analyst recommendations. Close price at the end of the last trading day (Friday, 8th Jan 2021) of the BBY stock was $107.57. During the day the stock fluctuated 3.10% from a day low at $106.16 to a day high of $109.45. They now have a "neutral" rating on the stock. One of the most common ways Best Buy analysts use to provide buy-or-sell recommendation to the public are conference calls analysis and financial statements evaluations. Ticker | Expand Research on BBY. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BBY stock is a recommendation set at 2.50. The tables below show the price targets and recommendations analysts covering BBY. MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. in Specialty Retailers. Best Buy Co Inc's market capitalization of $28,685,910,705 is ahead of 91.93% of US-listed equities. 11/25/2020 Best Buy Co., Inc. (NYSE: BBY) had its price target lowered by analysts at Bank of America Co. from $135.00 to $132.00. According to TipRanks.com, Nagel is a top 25 analyst with an average return of 28.8% and a 78.5% success rate. The capital turnover (annual revenue relative to shareholder's equity) for BBY is 11.14 -- better than 97.21% of US stocks. This is 0.13% less than the trading day before Thursday, 7th Jan 2021. Best Buy Co Inc's change in bullishness amongst analysts is less than almost 100% of all US stocks. Fundamental company data provided by Morningstar and Zacks Investment Research. Export data to Excel for your own analysis. The dark blue line represents the company's actual price. BBY updated stock price target summary. Please log in to your account or sign up in order to add this asset to your watchlist. Enjoy free access to the POWR Ratings for all stocks and ETFs on the quote pages. The current analyst and expert consensus on Best Buy is Buy with 7 hold recommendations. Dow Jones, a News Corp company News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services BBY Target Price. There are currently 1 sell rating, 9 hold ratings and 13 buy ratings for the stock, resulting in a consensus rating of "Buy.". Learn about financial terms, types of investments, trading strategies and more. BBY Stock Summary. In the Retail industry, LB, KSS and OLLI are the three stocks most similar to Best Buy Co Inc regarding the price target and analyst recommendation information presented here. All rights reserved. The average price target is $ 0.00 with a high estimate of $ 0.00 and a low estimate of $ 0.00 . Identify stocks that meet your criteria using seven unique stock screeners. Best Buy (NYSE:BBY) was downgraded by analysts at The Goldman Sachs Group from a “neutral” rating to a “sell” rating in a research note issued on Thursday, Briefing.com reports. Detailed list of analyst forecasts The current analyst and expert consensus on Best Buy is Buy with 7 hold recommendations. The average price target is GBX 308.75, with a high forecast of GBX 350 and a low forecast of GBX 265. 1y Target Est 121.77 Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Their average twelve-month price target is $110.37, suggesting a possible upside of 2.6%. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter. Free shipping on orders $35+ & free returns plus same-day in-store pickup. The upside potential (average analyst target price relative to current price) of BBY is higher than 85.87% of stocks in the large market cap category. Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BBY shares is $123.44 per share. The median BBY price target (a different metric than the average or mean) was $125.0 as of 2020-11-25, the highest BBY price target in the range was $138.0 while the lowest BBY price target in the range was $80.0, with a standard deviation of $19.096. 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. Best Buy (NYSE:BBY) had its target price hoisted by equities researchers at Wells Fargo & Co from $60.00 to $75.00 in a research note issued to investors on Thursday, The Fly reports. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. Based on 16 analysts offering 12 month price targets for Best Buy Co in the last 3 months. See what's happening in the market right now with MarketBeat's real-time news feed. Start Your Risk-Free Trial Subscription Here, 3 Recession-Proof Dividend Stocks to Buy Now, Ralph Lauren drops Justin Thomas after gay slur heard on TV, Xi asks Starbucks' Schultz to help repair US-China ties, Closing prices for crude oil, gold and other commodities, US blacklists Xiaomi, CNOOC, Skyrizon, raising heat on China, Stocks fall as economy's pain deepens, head for weekly loss. The average price target is $0.00 with a high estimate of $0.00 and a low estimate of $0.00. View Price Target for BBY Access over 100 stock metrics like Beta, EV/EBITDA, PE10, Free Cash Flow Yield, KZ Index and Cash Conversion Cycle. View which stocks are hot on social media with MarketBeat's trending stocks report. View Best Buy Co., Inc. BBY investment & stock information. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. There are currently 1 sell rating, 9 hold ratings and 14 buy ratings for the stock, resulting in a consensus rating of "Buy." Shares have risen 15.5% year-to-date.  Buy & Hold Grade Receive a free world-class investing education from MarketBeat. The current projected Best Buy target price consensus is 120.13 with 15 analyst opinions. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data. The price has risen in 7 of the last 10 days and is up by 5.11% over the past 2 weeks. Get (NYE | BBY Best Buy Co., Inc) latest stock price, analyst ratings, fundamental analysis, ratios, market performance, news, target price and financial report Oppenheimer analyst Brian Nagel reiterated a Buy rating on Best Buy Co (BBY – Research Report) today and set a price target of $105.00.The company’s shares closed last Monday at $81.55. In a report released today, Brian Nagel from Oppenheimer assigned a Hold rating to Best Buy Co (BBY – Research Report), with a price target of $125.00.The company’s shares closed last Tuesday at $114.76, close to its 52-week high of $124.89. To see all exchange delays and terms of use, please see disclaimer. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 23 Wall Street analysts have issued ratings and price targets for Best Buy in the last 12 months. Best Buy Co Inc's average analyst price target is greater than 88.13% of all US stocks. The percentage of analysts bullish on the stock of BBY is greater than practically none of all US stocks. Get short term trading ideas from the MarketBeat Idea Engine. See Best Buy Co., Inc. (BBY) stock analyst estimates, including earnings and revenue, EPS, upgrades and downgrades. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). The average price target of $126.60 implies the stock could rise about 25% over the coming year. • Caterpillar Stock Hits a New All-Time High, is it Still a Buy? Stocks are hot on social media with MarketBeat 's trending stocks report stock of BBY $... The tables below show the price has risen in 7 of the BBY stock was $.... Number of analysts bearish on the stock than almost 100 % of all US stocks suggests! The next twelve months, company profile, news, buy/sell ratings, filings. With MarketBeat 's trending stocks report provided is at least 10-minutes delayed and hosted by Solutions! 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