Best Buy (BBY) – Research Analysts’ Weekly Ratings Changes

Best Buy (NYSE: BBY) recently received a number of ratings updates from brokerages and research firms:

• 10/20/2026 – Best Buy was given a new $95.00 price target by Evercore.
• 10/11/2026 – Best Buy was upgraded by Wall Street Zen from “hold” to “buy”.
• 10/8/2026 – Best Buy was upgraded by Weiss Ratings from “hold (c+)” to “buy (b-)”.
• 10/3/2026 – Best Buy was downgraded by Wall Street Zen from “buy” to “hold”.
• 9/29/2026 – Best Buy had its price target raised by Evercore from $85.00 to $90.00.
• 9/24/2026 – Best Buy was upgraded by DA Davidson from “hold” to “strong-buy”.
• 9/8/2026 – Best Buy had its “neutral” rating reaffirmed by DA Davidson. They now have a $95.00 price target on the stock.
• 8/29/2026 – Best Buy was upgraded by Wall Street Zen from “hold” to “buy”.
• 8/28/2026 – Best Buy had its price target raised by Morgan Stanley from $80.00 to $90.00. They now have an “equal weight” rating on the stock.
• 8/28/2026 – Best Buy had its “neutral” rating reaffirmed by UBS Group. They now have a $90.00 price target on the stock, up from $86.00.
• 8/28/2026 – Best Buy had its price target raised by The Goldman Sachs Group from $62.00 to $71.00. They now have a “sell” rating on the stock.
• 8/28/2026 – Best Buy had its price target raised by Barclays from $77.00 to $85.00. They now have a “buy” rating on the stock.
• 8/28/2026 – Best Buy had its price target raised by DA Davidson from $90.00 to $95.00. They now have a “buy” rating on the stock.
• 8/28/2026 – Best Buy had its price target raised by Guggenheim from $90.00 to $95.00. They now have a “buy” rating on the stock.
• 8/27/2026 – Best Buy was given a new $100.00 price target by Truist Financial.
• 8/24/2026 – Best Buy had its “buy” rating reaffirmed by Wedbush.

Best Buy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th were paid a $0.96 dividend. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $3.84 dividend on an annualized basis and a yield of 3.8%. Best Buy’s payout ratio is presently 63.89%.

Insider Activity at Best Buy

In other news, EVP Kathleen Scarlett sold 116,062 shares of the stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $92.15, for a total transaction of $10,695,113.30. Following the completion of the transaction, the executive vice president directly owned 116,173 shares in the company, valued at approximately $10,705,341.95. This represents a 49.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Richard Schulze sold 300,000 shares of the firm’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $92.51, for a total transaction of $27,753,000.00. The SEC filing for this sale provides additional information. 0.50% of the stock is owned by corporate insiders.

Best Buy Co, Inc is a specialty retailer of technology products and services headquartered in Richfield, Minnesota. The company sells consumer electronics, computing and mobile products, entertainment products, appliances, furniture, and related accessories through its retail stores, websites, and other sales channels.

Best Buy also provides technology-related services, including product installation, repair, technical support, delivery, and in-home consultation. Its services are offered through brands and operations such as Geek Squad, while the company also provides membership and protection programs designed to support customers after purchase.

The company serves customers primarily in the United States and Canada.