Best Buy Co BBY underwent analysis by 22 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 7 | 5 | 9 | 1 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 1 | 0 | 0 |
| 2M Ago | 1 | 0 | 2 | 0 | 0 |
| 3M Ago | 6 | 4 | 6 | 1 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Best Buy Co, presenting an average target of $90.0, a high estimate of $110.00, and a low estimate of $64.00. Experiencing a 9.71% decline, the current average is now lower than the previous average price target of $99.68.
Diving into Analyst Ratings: An In-Depth Exploration
A clear picture of Best Buy Co's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Joseph Feldman | Telsey Advisory Group | Lowers | Outperform | $90.00 | $100.00 |
| Zachary Fadem | Wells Fargo | Lowers | Equal-Weight | $75.00 | $85.00 |
| Michael Baker | DA Davidson | Maintains | Buy | $110.00 | $110.00 |
| Scot Ciccarelli | Truist Securities | Lowers | Hold | $64.00 | $81.00 |
| Steven Zaccone | Citigroup | Lowers | Neutral | $70.00 | $93.00 |
| Zachary Fadem | Wells Fargo | Lowers | Equal-Weight | $85.00 | $89.00 |
| Michael Lasser | UBS | Lowers | Buy | $105.00 | $115.00 |
| Anthony Chukumba | Loop Capital | Lowers | Buy | $90.00 | $100.00 |
| Scot Ciccarelli | Truist Securities | Lowers | Hold | $81.00 | $95.00 |
| Michael Baker | DA Davidson | Lowers | Buy | $110.00 | $117.00 |
| Seth Basham | Wedbush | Lowers | Neutral | $83.00 | $90.00 |
| Steven Zaccone | Citigroup | Lowers | Buy | $93.00 | $105.00 |
| Peter Keith | Piper Sandler | Lowers | Overweight | $92.00 | $102.00 |
| Greg Melich | Evercore ISI Group | Lowers | In-Line | $80.00 | $95.00 |
| Christopher Horvers | JP Morgan | Lowers | Overweight | $110.00 | $115.00 |
| Steven Forbes | Guggenheim | Lowers | Buy | $90.00 | $105.00 |
| Simeon Gutman | Morgan Stanley | Lowers | Equal-Weight | $85.00 | $100.00 |
| Elizabeth Suzuki | B of A Securities | Lowers | Underperform | $75.00 | $80.00 |
| Joseph Feldman | Telsey Advisory Group | Lowers | Outperform | $100.00 | $110.00 |
| Jonathan Matuszewski | Jefferies | Lowers | Buy | $92.00 | $106.00 |
| Seth Basham | Wedbush | Maintains | Neutral | $90.00 | $90.00 |
| Joseph Feldman | Telsey Advisory Group | Maintains | Outperform | $110.00 | $110.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Best Buy Co. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Best Buy Co compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Best Buy Co's stock. This examination reveals shifts in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Best Buy Co's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Best Buy Co analyst ratings.
Delving into Best Buy Co's Background
With $41.5 billion in consolidated 2024 sales, Best Buy is the largest pure-play consumer electronics retailer in the US, boasting roughly 8% share of the North American market and around 33% share of offline sales in the region, per our calculations, CTA, and Euromonitor data. The firm generates the bulk of its sales in-store, with mobile phones and tablets, computers, and appliances representing its three largest categories. Recent investments in e-commerce fulfillment, accelerated by the covid-19 pandemic, have seen the US e-commerce channel roughly double from prepandemic levels, with management estimating that it will represent a mid-30% proportion of sales moving forward.
Best Buy Co's Economic Impact: An Analysis
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: Best Buy Co's revenue growth over a period of 3M has faced challenges. As of 31 January, 2025, the company experienced a revenue decline of approximately -4.77%. This indicates a decrease in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Net Margin: Best Buy Co's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 0.84%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Best Buy Co's ROE stands out, surpassing industry averages. With an impressive ROE of 3.97%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Best Buy Co's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.74%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Best Buy Co's debt-to-equity ratio is notably higher than the industry average. With a ratio of 1.44, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
Analyst Ratings: Simplified
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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