Best Buy Co Inc has raised its full-year revenue forecast to between $41.65 billion and $41.95 billion, reflecting strong consumer demand for technology products. This adjustment comes as the company anticipates a significant recovery in same-store sales, projecting an increase of 0.5% to 1.2% for the year, a notable improvement from previous expectations of a decline.
The company's positive outlook on earnings, with adjusted earnings per share expected to range from $6.25 to $6.35, has further bolstered investor confidence. Best Buy's recent quarterly performance also exceeded expectations, with adjusted earnings per share of $1.40 and revenue of $9.67 billion, both surpassing forecasts.
As a result of these developments, Best Buy's stock rose by 5.01%, reaching a 5-day high, indicating strong market sentiment towards the company's growth prospects amidst a mixed market backdrop.
Wall Street analysts forecast BBY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BBY is 83.33 USD with a low forecast of 60.00 USD and a high forecast of 99.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
Wall Street analysts forecast BBY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BBY is 83.33 USD with a low forecast of 60.00 USD and a high forecast of 99.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Buy
6 Hold
1 Sell
Moderate Buy
Current: 66.750
Low
60.00
Averages
83.33
High
99.00
Current: 66.750
Low
60.00
Averages
83.33
High
99.00
Truist
Scot Ciccarelli
Hold
downgrade
$77 -> $73
2026-01-16
Reason
Truist
Scot Ciccarelli
Price Target
$77 -> $73
AI Analysis
2026-01-16
downgrade
Hold
Reason
Truist analyst Scot Ciccarelli lowered the firm's price target on Best Buy to $73 from $77 and keeps a Hold rating on the shares as part of a broader research note on Hardlines/Broadlines consumer names. The firm is citing its latest Truist Card reads and ICR holiday updates in adjusting its sales and earnings estimates, though it also believes that a significant increase in tax refunds will likely boost sales across the retail space in what are typically seasonally softer months, the analyst tells investors in a research note. For the company, sales trends seem to have improved in recent weeks, but based on Truist Card Data, not enough to fully offset what appeared to be a particularly slow early December, the firm added.
Barclays
Seth Sigman
Equal Weight
downgrade
$81 -> $77
2026-01-08
Reason
Barclays
Seth Sigman
Price Target
$81 -> $77
2026-01-08
downgrade
Equal Weight
Reason
Barclays analyst Seth Sigman lowered the firm's price target on Best Buy to $77 from $81 and keeps an Equal Weight rating on the shares. The firm is positive on the broadlines, hardlines and food retail sector entering 2026. It sees improvements in discretionary goods demand with potential for a "modest bump" from consumer tax savings ahead and interest rate cuts.
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Morgan Stanley
Equal Weight
maintain
2026-01-07
Reason
Morgan Stanley
Price Target
2026-01-07
maintain
Equal Weight
Reason
Morgan Stanley raised the firm's price target on Balfour Beatty to 755 GBp from 640 GBp and keeps an Equal Weight rating on the shares.
Truist
Hold
downgrade
$84 -> $77
2025-12-17
Reason
Truist
Price Target
$84 -> $77
2025-12-17
downgrade
Hold
Reason
Truist lowered the firm's price target on Best Buy to $77 from $84 and keeps a Hold rating on the shares as part of a broader research note previewing 2026 for Hardlines/Broadlines Consumer names. With some slower consumer trends in the second half of FY25 consumers will remain choiceful in their shopping patterns, with a continued focus on "Value", the analyst tells investors in a research note. For the company, Truist notes that Buy needs a stronger product cycle to generate more sustainable growth and multiple expansion, and while products like AI hardware, smart glasses, and gaming refreshes provide opportunities, comp momentum sustainability remains a question, the firm added.
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.
