
Best Buy (BBY) Stock Forecast & Price Target
Best Buy (BBY) Analyst Ratings
Bulls say
Best Buy Co is expected to see continued growth in key categories such as computing and mobile phones, consumer electronics, and appliances, driven by product replacements and innovations. The recent transition in leadership and strong investments in media and marketplace partnerships will aid in driving further growth and customer satisfaction. Potential risks to consider include tariffs, employment trends, and increased competition in the online retail space.
Bears say
Best Buy Co is receiving tariff refunds, which may positively impact EPS, but these refunds are not likely to be reflected in consensus estimates. The outgoing and incoming CEOs and CFO emphasized a focus on momentum, and the company is well-positioned to benefit from product cycles and innovations in the consumer electronics space. However, potential risks include the impact of tariffs on sales and margins, and the potential for decreases in sales if employment trends worsen. Despite the company's outperformance in the market, it still trades at a lower forward P/E compared to its historical averages, and our target price of $90 is based on a 12.5x multiple of our 2027 EPS estimate, in line with its long term average.
This aggregate rating is based on analysts' research of Best Buy and is not a guaranteed prediction by Public.com or investment advice.
Best Buy (BBY) Analyst Forecast & Price Prediction
Start investing in Best Buy (BBY)
Order type
Buy in
Order amount
Est. shares
0 shares