Analysts’ Recent Ratings Updates for Best Buy (BBY)

A number of research firms have changed their ratings and price targets for Best Buy (NYSE: BBY):

• 11/6/2026 – Best Buy had its price target raised by Citigroup from $88.00 to $102.00. They now have a “neutral” rating on the stock.
• 11/6/2026 – Best Buy had its price target raised by Wells Fargo & Company from $85.00 to $95.00. They now have an “equal weight” rating on the stock.
• 10/27/2026 – Best Buy was downgraded by Weiss Ratings from “buy (b-)” to “hold (c+)”.
• 10/27/2026 – Best Buy was given a new $100.00 price target by Evercore.
• 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”.

Best Buy Stock Up 6.7%

Best Buy stock traded up $6.71 during midday trading on Monday, reaching $106.34. The stock had a trading volume of 1,498,232 shares, compared to its average volume of 4,038,406. Best Buy Co., Inc. has a 12 month low of $55.10 and a 12 month high of $106.78. The company has a market capitalization of $22.30 billion, a P/E ratio of 17.69, a PEG ratio of 2.49 and a beta of 1.20. The company has a fifty day moving average price of $91.57 and a two-hundred day moving average price of $76.10. The company has a current ratio of 1.12, a quick ratio of 0.41 and a debt-to-equity ratio of 0.36.

Best Buy (NYSE:BBY) last announced its quarterly earnings results on Thursday, August 27th. The technology retailer reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.08. The business had revenue of $9.78 billion for the quarter, compared to analyst estimates of $9.59 billion. Best Buy had a return on equity of 48.14% and a net margin of 3.01%. The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.28 earnings per share. Best Buy has set its FY 2027 guidance at 6.700-6.900 EPS. As a group, equities analysts expect that Best Buy Co., Inc. will post 6.81 EPS for the current fiscal year.

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 issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Thursday, September 17th. Best Buy’s payout ratio is currently 63.89%.

Insiders Place Their Bets

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

Best Buy is a retailer of consumer technology products and services. Its offerings include computers and mobile devices, televisions and home theater equipment, major appliances, and related accessories, sold through stores and digital channels.

The company also provides technology support and installation services through Geek Squad, including help with device setup, repairs, and home technology systems. Best Buy serves customers in the United States and Canada.

Founded in 1966 as Sound of Music, the company adopted the Best Buy name in 1983.