Best Buy's stock declines amid market strength
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 12 Jan 26
Source: Coinmarketcap
Best Buy Co Inc's stock price fell by 5.01% during regular trading, crossing below its 5-day SMA, indicating a bearish trend. Despite the overall market strength, with the Nasdaq-100 up 0.28% and the S&P 500 up 0.25%, investor confidence in Best Buy remains low, as reflected in its recent price movements and the proximity to its 52-week low of $54.99. The lack of positive catalysts and ongoing market caution regarding its growth prospects suggest that the stock may continue to face challenges in attracting investor interest.
Analyst Views on BBY
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
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
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.
