Best Buy (NYSE:BBY) Price Target Raised to $75.00

Posted by Francis Steltz on May 29th, 2026

Best Buy (NYSE:BBY – Get Free Report) had its price target increased by equities research analysts at Wedbush from $70.00 to $75.00 in a report issued on Friday,MarketScreener reports. The firm currently has a “neutral” rating on the technology retailer’s stock. Wedbush’s price objective indicates a potential downside of 0.17% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. cut shares of Best Buy from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $99.00 to $76.00 in a research report on Monday, February 2nd. Truist Financial increased their target price on shares of Best Buy from $66.00 to $81.00 and gave the company a “hold” rating in a report on Friday. Jefferies Financial Group lifted their target price on shares of Best Buy from $83.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday. Morgan Stanley boosted their price target on shares of Best Buy from $72.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, HSBC reduced their price objective on Best Buy from $96.00 to $85.00 in a research note on Thursday, February 26th. Seven investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Best Buy currently has a consensus rating of “Hold” and a consensus price target of $78.60.

View Our Latest Research Report on Best Buy

Best Buy Stock Up 0.5%

BBY opened at $75.12 on Friday. The business’s fifty day simple moving average is $61.99 and its 200 day simple moving average is $66.80. Best Buy has a 52 week low of $55.10 and a 52 week high of $84.99. The company has a quick ratio of 0.43, a current ratio of 1.11 and a debt-to-equity ratio of 0.39. The stock has a market cap of $15.83 billion, a PE ratio of 14.86, a P/E/G ratio of 1.59 and a beta of 1.22.

Best Buy (NYSE:BBY – Get Free Report) last issued its quarterly earnings results on Thursday, May 28th. The technology retailer reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.06. The firm had revenue of $8.94 billion during the quarter, compared to analyst estimates of $8.82 billion. Best Buy had a return on equity of 49.17% and a net margin of 2.56%.The company’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.15 earnings per share. Best Buy has set its FY 2027 guidance at 6.300-6.600 EPS. As a group, research analysts expect that Best Buy will post 6.5 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Todd G. Hartman sold 5,339 shares of Best Buy stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $64.02, for a total transaction of $341,802.78. Following the completion of the transaction, the insider directly owned 44,098 shares of the company’s stock, valued at $2,823,153.96. This trade represents a 10.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Matthew M. Bilunas sold 11,356 shares of Best Buy stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $64.02, for a total transaction of $727,011.12. Following the completion of the transaction, the chief financial officer directly owned 76,884 shares of the company’s stock, valued at $4,922,113.68. This trade represents a 12.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 77,247 shares of company stock valued at $4,945,353. 0.47% of the stock is owned by insiders.

Institutional Investors Weigh In On Best Buy

Institutional investors and hedge funds have recently modified their holdings of the stock. Torren Management LLC bought a new position in Best Buy during the fourth quarter valued at approximately $25,000. MV Capital Management Inc. bought a new position in Best Buy during the fourth quarter valued at $25,000. Palisade Asset Management LLC purchased a new stake in Best Buy during the third quarter valued at approximately $25,000. Hillsdale Investment Management Inc. purchased a new position in Best Buy during the fourth quarter worth $29,000. Finally, Quest 10 Wealth Builders Inc. increased its position in Best Buy by 239.2% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 441 shares of the technology retailer’s stock valued at $30,000 after acquiring an additional 311 shares during the last quarter. 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: Best Buy delivered a clean Q1 beat on earnings and revenue, with positive comparable sales growth and improving margins. Best Buy (BBY) Beats Earnings Expectations, Shares Climb 15.8%
Positive Sentiment: The company maintained its full-year guidance and issued Q2 sales guidance that came in better than expected, reinforcing confidence in the turnaround. Best Buy Reports First Quarter Results
Positive Sentiment: Analyst sentiment improved after the report, with Jefferies raising its price target to $89 and Morgan Stanley lifting its target to $80, signaling additional upside. Analyst price target updates for Best Buy
Neutral Sentiment: Unusual call option activity suggests traders are positioning for more volatility and continued momentum in BBY. Stock Traders Buy High Volume of Best Buy Call Options (NYSE:BBY)
Neutral Sentiment: Best Buy also announced a quarterly dividend of $0.96 per share, which may appeal to income-focused investors. Best Buy dividend announcement

About Best Buy

(Get Free Report)

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.