
Best Buy (BBY) Stock Forecast & Price Target
Best Buy (BBY) Analyst Ratings
Bulls say
Best Buy Co. reported consolidated sales exceeding $41 billion for 2024, securing its position as the largest pure-play consumer electronics retailer in the U.S. with an approximate 8% market share in North America. The company's domestic online sales increased to 31.8% of total domestic revenue, with an adjusted operating margin improving to 4.0%, underscoring its effective management in navigating e-commerce growth and market conditions. Furthermore, positive contributions to same-store sales growth were seen in key product categories like computers, gaming, and mobile phones, indicating robust consumer demand and operational enhancements.
Bears say
Best Buy Co. is anticipated to experience a decline in gross margin, projected to be approximately 15 basis points lower year-over-year, largely due to reduced product margins from promotional activities. Additionally, the company faces significant risks, including reliance on its largest suppliers, competition from e-commerce and multi-channel retailers, and challenges in executing strategic initiatives. Overall, the firm's financial stability is further threatened by the need to manage overhead expenses amidst ongoing macroeconomic concerns.
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
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