Analysts Expect VOE Will Reach $181
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 16 2025
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Should l Buy BBY?
Source: NASDAQ.COM
Vanguard Mid-Cap Value ETF Analysis: The Vanguard Mid-Cap Value ETF (VOE) has an implied analyst target price of $180.95, indicating a potential upside of 12% from its current trading price of $161.56.
Key Holdings Performance: Notable underlying holdings such as Best Buy Inc, KeyCorp, and VICI Properties show significant upside potential based on analyst target prices, suggesting optimism about their future performance despite the need for further investor research on these targets.
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Analyst Views on BBY
Wall Street analysts forecast BBY stock price to rise
12 Analyst Rating
4 Buy
7 Hold
1 Sell
Hold
Current: 64.010
Low
60.00
Averages
79.75
High
96.00
Current: 64.010
Low
60.00
Averages
79.75
High
96.00
About BBY
Best Buy Co., Inc. is engaged in personalizing and humanizing technology solutions. The Company has two segments: Domestic and International. The Domestic segment comprises its operations in all states, districts and territories of the United States and its Best Buy Health business and includes the brand names Best Buy, Best Buy Ads, Best Buy Business, Best Buy Essentials, Best Buy Health, Geek Squad, Imagine That, Insignia, Lively, My Best Buy, My Best Buy Memberships, Pacific Kitchen and Home, TechLiquidators and Yardbird; and the domain names bestbuy.com, lively.com, techliquidators.com and yardbird.com. The International segment comprises all its operations in Canada under the brand names Best Buy, Best Buy Express, Best Buy Mobile, Geek Squad and TechLiquidators and the domain names bestbuy.ca and techliquidators.ca. The Company’s product categories include computing and mobile phones, consumer electronics, appliances, entertainment, services and others.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Surge in Used Mac Demand: The popularity of the OpenClaw AI tool in China has led to a significant increase in demand for secondhand Mac computers, with prices remaining at levels typically seen during new iPhone release seasons, indicating strong market interest in high-performance devices.
- Price Strategy Adjustment: According to ATRenew's Chief Strategy Officer, while prices usually drop in spring, the prices for used Apple products from March to May this year have remained consistent with peak autumn levels, reflecting ongoing enthusiasm for secondhand Macs.
- Chip Upgrade Trend: An increasing number of consumers are trading in their older MacBooks with M1 and M2 chips for newer models equipped with M4 or M5 chips, indicating a rising demand for enhanced computing power, which is expected to continue throughout the year.
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- Earnings Beat: Best Buy's fiscal 2026 earnings report exceeded Wall Street expectations, indicating some resilience in a highly competitive retail environment, despite an overall lackluster performance.
- Sales Decline: While the earnings were strong, same-store sales fell by 0.8% in the final quarter of fiscal 2026, particularly concerning given the critical holiday season, reflecting tightening consumer spending.
- Uncertain Outlook: The company projects same-store sales to decline between 1% and increase by 1% in fiscal 2027, suggesting a flat performance ahead, which lacks a compelling growth narrative to attract investors.
- Lack of Catalysts: Although the current stock price appears reasonable, Best Buy lacks clear catalysts for performance improvement, prompting investors to exercise caution and consider keeping the stock on their watch lists.
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- Sales Data: Despite a 0.8% decline in same-store sales in the final quarter, the full-year same-store sales only increased by 0.5%, reflecting a trend of tightening consumer spending.
- Valuation Analysis: With a price-to-sales ratio of 0.4x, slightly below its five-year average, and a price-to-earnings ratio of 13.5x, Best Buy appears reasonably priced, potentially even undervalued in the current market.
- Future Outlook: The company projects same-store sales to decline between 1% and increase by 1% in the upcoming fiscal year, indicating a lack of compelling growth prospects, which necessitates caution from investors.
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- Innovative Store Model: The new locations will feature a smaller store model that has been tested to drive incremental revenue, particularly in rapidly growing markets like Miami and Atlanta, indicating the company's adaptation to changing consumer shopping behaviors.
- Market Trend Reversal: According to Coresight Research, approximately 5,500 new stores are expected to open in 2026, representing a 4% year-over-year increase, suggesting a shift in the retail landscape from closures to new openings, reflecting a resurgence in consumer interest in physical shopping.
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- Trade Investigations Expansion: Greer's office has initiated trade investigations into nearly 80 countries, including China, Japan, and India, indicating that the U.S. will continue to leverage Section 301 of the Trade Act to address unfair trade practices.
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- Introduction of Rebate Bill: Senator Martin Heinrich has introduced the 'Tariff Refunds for Working Families Act' aimed at providing economic relief to families affected by Trump's tariffs, which is expected to positively influence the upcoming 2026 midterm elections.
- Polls Reflect Sentiment: A recent NBC News poll indicates that 55% of voters believe Trump's tariffs have harmed the economy, while 62% disapprove of his handling of inflation and cost of living, providing a strong political backdrop for Heinrich's bill.
- Rebate Amounts Set: The bill plans to utilize the $166 billion collected from tariffs to provide $1,200 rebates to joint filers earning under $180,000, allowing a family of four to receive up to $2,400, directly alleviating financial pressures on households.
- Political Strategy Consideration: Heinrich's legislation not only aims to assist affected families but also enhances his political capital for the midterms by emphasizing the costs of tariffs, showcasing his influence within the Democratic Party and sensitivity to voter needs.
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