Game On: Discord reportedly in talks for IPO in 2025

Written by Emily J. Thompson, Senior Investment Analyst

BBY-0.01%

AMZN+2.06%

MSFT+3.28%

Source: Business Insider

Updated: Mar 11 2025

0mins

Source: Business Insider

New Game Releases: Take-Two's "WWE 2K25" is set to launch on March 14 across multiple platforms, while Electronic Arts' "Split Fiction" sold 1 million units in its first 48 hours.
Market Developments: Discord is preparing for an IPO possibly in 2025, and Loop Capital maintains a Buy rating on Best Buy, citing competitive pricing against Amazon and upcoming catalysts like the Nintendo Switch 2 and "Grand Theft Auto VI."

BBY

$67.05+Infinity%1D

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: 67.060

Low

60.00

Averages

83.33

High

99.00

Current: 67.060

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.

Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for BBY

Unlock Now

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.