Telsey Advisory Group Lowers Best Buy (NYSE:BBY) Price Target to $80.00

Best Buy (NYSE:BBY) had its price target decreased by research analysts at Telsey Advisory Group from $95.00 to $80.00 in a report issued on Wednesday. The brokerage currently has an “outperform” rating on the technology retailer’s stock. Telsey Advisory Group’s price objective would suggest a potential upside of 21.30% from the stock’s previous close.

Several other research firms have also recently weighed in on BBY. BNP Paribas Exane decreased their price target on shares of Best Buy from $69.00 to $68.00 and set a “neutral” rating on the stock in a report on Wednesday, November 26th. Morgan Stanley decreased their price objective on shares of Best Buy from $82.00 to $76.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 15th. Loop Capital boosted their price target on shares of Best Buy from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. JPMorgan Chase & Co. cut Best Buy from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $99.00 to $76.00 in a report on Monday, February 2nd. Finally, Citigroup cut their target price on Best Buy from $82.00 to $67.00 and set a “neutral” rating for the company in a research note on Friday, February 13th. Seven research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Best Buy currently has a consensus rating of “Hold” and an average price target of $78.80.

Best Buy Trading Up 7.1%

Shares of BBY stock opened at $65.95 on Wednesday. The company has a quick ratio of 0.26, a current ratio of 1.05 and a debt-to-equity ratio of 0.44. The firm has a market cap of $13.82 billion, a P/E ratio of 21.84, a PEG ratio of 1.47 and a beta of 1.46. The company has a 50 day moving average of $66.83 and a 200-day moving average of $72.90. Best Buy has a 12-month low of $54.99 and a 12-month high of $84.99.

Best Buy (NYSE:BBY) last posted its earnings results on Tuesday, March 3rd. The technology retailer reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.13. Best Buy had a return on equity of 50.02% and a net margin of 1.54%.The business had revenue of $13.81 billion during the quarter, compared to analyst estimates of $13.96 billion. During the same quarter in the previous year, the firm earned $2.58 EPS. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. Best Buy has set its FY 2027 guidance at 6.300-6.600 EPS. Sell-side analysts anticipate that Best Buy will post 6.18 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Best Buy by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 23,947,415 shares of the technology retailer’s stock valued at $1,810,904,000 after acquiring an additional 552,360 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Best Buy by 46.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 142,288 shares of the technology retailer’s stock valued at $10,760,000 after buying an additional 44,989 shares during the period. CWM LLC lifted its holdings in shares of Best Buy by 272.6% during the 3rd quarter. CWM LLC now owns 183,842 shares of the technology retailer’s stock valued at $13,902,000 after buying an additional 134,508 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Best Buy by 2.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,754,844 shares of the technology retailer’s stock valued at $132,701,000 after purchasing an additional 39,026 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in shares of Best Buy by 155.9% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 157,400 shares of the technology retailer’s stock valued at $11,903,000 after purchasing an additional 95,900 shares during the last quarter. Hedge funds and other institutional investors own 80.96% of the company’s stock.

Best Buy News Roundup

Here are the key news stories impacting Best Buy this week:

• Positive Sentiment: EPS beat and profit resilience — Best Buy reported adjusted EPS of $2.61, above estimates, and highlighted margin improvement that reassured investors despite weaker sales; this beat is a primary driver of the rally. Best Buy (NYSE:BBY) Misses Q4 CY2025 Revenue Estimates, But Stock Soars 13.3%
• Positive Sentiment: Leaner cost structure boosting profits — Management pointed to operating efficiencies and lower costs that helped lift profitability even as top-line softness continued, a theme analysts credited for the post-earnings move. Best Buy’s Leaner Cost Structure Drives Post-Earnings Rally
• Positive Sentiment: Company narrative on digital/AI and services — Management emphasized investment in digital experiences and AI-enabled services as a way to drive higher-margin sales and customer engagement, which calms some investor concerns about secular competitiveness. Best Buy Bets on AI as Consumers Avoid Big-Ticket Items
• Neutral Sentiment: Revenue and comparable-sales weakness — Q4 revenue missed consensus (about $13.81B vs. ~$13.96B expected) and same-store sales fell modestly, signaling continued demand pressure even as EPS outperformed. Best Buy Reports Fourth Quarter Results
• Neutral Sentiment: Mixed analyst commentary — Some outlets framed the print as a clean beat on profits but called the overall picture mixed due to soft holiday sales and cautious tone from management; these balanced takes leave near-term sentiment sensitive to guidance details. Best Buy Is Today’s Top S&P 500 Stock. Why Weak Guidance Doesn’t Matter.
• Negative Sentiment: Weak forward guidance on sales — Best Buy issued FY2027 guidance below Street revenue expectations and signaled tepid growth as consumers hunt for value, a key negative that tempers the EPS beat. Best Buy forecasts annual sales below estimates
• Negative Sentiment: Sell-side downgrade and structural concerns — A noted downgrade argued Best Buy lacks differentiation and has e-commerce vulnerabilities versus larger rivals, raising the risk that profits could be cyclical rather than secular. Best Buy: No Compelling Reason To Own (Rating Downgrade)

Best Buy Company Profile

Best Buy Co, Inc is a leading North American consumer electronics retailer that sells a broad range of products including computers, mobile phones, televisions and home theater systems, major appliances, smart-home devices, gaming hardware and software, wearables and related accessories. The company operates through a mix of large-format stores, smaller specialty locations and an e-commerce platform, offering national and private-brand merchandise from major consumer-technology manufacturers as well as third-party sellers.

Beyond product retailing, Best Buy provides a suite of services aimed at installation, repair and ongoing technical support.