Best Buy (BBY) Stock Forecast & Price Target

$75.68 +2.12 (+2.88%)

Closing price 03:59 PM Eastern

Extended Trading

$75.70 +0.02 (+0.03%)

As of 07:58 PM Eastern

Best Buy - Analysts' Recommendations and Stock Price Forecast (2025)

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. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). 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. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 20 Analyst Ratings

Sell
2

Hold
8

Buy
10

Based on 20 Wall Street analysts who have issued ratings for Best Buy in the last 12 months, the stock has a consensus rating of "Hold." Out of the 20 analysts, 2 have given a sell rating, 8 have given a hold rating, 9 have given a buy rating, and 1 has given a strong buy rating for BBY.

Consensus Price Target

$93.50
23.55% Upside

According to the 20 analysts' twelve-month price targets for Best Buy, the average price target is $93.50. The highest price target for BBY is $116.00, while the lowest price target for BBY is $75.00. The average price target represents a forecasted upside of 23.55% from the current price of $75.68.

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BBY Analyst Ratings Over Time

Type	Current Forecast 3/24/24 to 3/24/25	1 Month Ago 2/23/24 to 2/22/25	3 Months Ago 12/25/23 to 12/24/24	1 Year Ago 3/25/23 to 3/24/24
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	9 Buy rating(s)	10 Buy rating(s)	10 Buy rating(s)	7 Buy rating(s)
Hold	8 Hold rating(s)	7 Hold rating(s)	7 Hold rating(s)	7 Hold rating(s)
Sell	2 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$93.50	$101.72	$101.06	$84.27
Forecasted Upside	23.55% Upside	13.28% Upside	16.36% Upside	3.19% Upside
Consensus Rating	Hold	Moderate Buy	Moderate Buy	Hold

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BBY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

BBY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. 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.

Best Buy Stock vs. The Competition

Type	Best Buy	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	2.45	2.54	2.54
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	23.55% Upside	49.40% Upside	16.93% Upside
News Sentiment Rating	Very Positive News See Recent BBY News	Positive News	Positive News

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Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
3/5/2025	Loop Capital 2 of 5 stars		Reiterated Rating	Negative ➝ Negative
3/5/2025	UBS Group 4 of 5 stars		Set Target		$105.00	+29.82%
3/5/2025	Wells Fargo & Company 3 of 5 stars	Zachary Fadem Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Equal Weight ➝ Equal Weight	$89.00 ➝ $85.00	+12.80%
3/5/2025	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Scot Ciccarelli Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Hold ➝ Hold	$95.00 ➝ $81.00	+6.26%
3/5/2025	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Michael Baker Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$117.00 ➝ $110.00	+45.03%
3/5/2025	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Peter Keith Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$102.00 ➝ $92.00	+22.18%
3/5/2025	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Steven Zaccone Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$105.00 ➝ $93.00	+23.51%
3/5/2025	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	Greg Melich Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	In-Line ➝ In-Line	$95.00 ➝ $80.00	+5.44%
3/5/2025	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating	Bradley Thomas Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Sector Weight ➝ Sector Weight
3/5/2025	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Christopher Horvers Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$115.00 ➝ $110.00	+45.63%
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3/5/2025	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating	Steven Forbes Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$105.00 ➝ $90.00	+19.33%
3/5/2025	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Simeon Gutman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Equal Weight ➝ Equal Weight	$100.00 ➝ $85.00	+12.74%
3/5/2025	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Elizabeth Suzuki Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Underperform ➝ Underperform	$80.00 ➝ $75.00	-0.52%
3/5/2025	Telsey Advisory Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Joseph Feldman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$110.00 ➝ $100.00	+32.63%
3/4/2025	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Jonathan Matuszewski Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$106.00 ➝ $92.00	+22.02%
3/3/2025	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating	Seth Basham Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral ➝ Neutral	$90.00 ➝ $90.00	-0.05%
1/9/2025	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$95.00 ➝ $89.00	+5.63%
9/23/2024	Melius Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Short Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Hold	$100.00	+2.33%
9/3/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$95.00 ➝ $116.00	+15.08%
8/29/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Bottiglieri Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
5/25/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$85.00 ➝ $75.00	+5.22%
5/11/2023	58.com Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 09:44 PM ET.

BBY Forecast - Frequently Asked Questions

: According to the research reports of 20 Wall Street equities research analysts, the average twelve-month stock price forecast for Best Buy is $93.50, with a high forecast of $116.00 and a low forecast of $75.00.
: 20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Best Buy in the last year. There are currently 2 sell ratings, 8 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" BBY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BBY, but not buy additional shares or sell existing shares.
: According to analysts, Best Buy's stock has a predicted upside of 23.55% based on their 12-month stock forecasts.
: Best Buy has been rated by research analysts at Bank of America, Barclays, Citigroup, DA Davidson, Evercore ISI, Guggenheim, Jefferies Financial Group, JPMorgan Chase & Co., KeyCorp, Loop Capital, Morgan Stanley, Piper Sandler, Telsey Advisory Group, Truist Financial, UBS Group, Wedbush, and Wells Fargo & Company in the past 90 days.
: Analysts like Best Buy less than other "retail/wholesale" companies. The consensus rating for Best Buy is Hold while the average consensus rating for "retail/wholesale" companies is Moderate Buy. Learn more on how BBY compares to other companies.

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This page (NYSE:BBY) was last updated on 3/24/2025 by MarketBeat.com Staff

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Best Buy (BBY) Stock Forecast & Price Target