Best Buy (NYSE:BBY) Stock Rating Lowered by Wall Street Zen

Posted by Brian Himes on Oct 5th, 2026

Best Buy (NYSE:BBY – Get Free Report) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday, Wall Street Zen reports.

BBY has been the topic of a number of other research reports. Bank of America assumed coverage on Best Buy in a report on Monday, August 3rd. They set an “underperform” rating and a $80.00 target price on the stock. Wells Fargo & Company increased their price target on shares of Best Buy from $65.00 to $85.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 11th. Barclays lifted their price objective on shares of Best Buy from $77.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 28th. Citigroup increased their target price on shares of Best Buy from $79.00 to $88.00 and gave the stock a “neutral” rating in a report on Thursday, August 13th. Finally, The Goldman Sachs Group lifted their price target on shares of Best Buy from $62.00 to $71.00 and gave the stock a “sell” rating in a research report on Friday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $85.65.

Read Our Latest Stock Analysis on Best Buy

Best Buy Price Performance

Shares of BBY stock opened at $87.83 on Friday. The firm’s 50 day moving average price is $87.72 and its two-hundred day moving average price is $75.79. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.41 and a current ratio of 1.12. Best Buy has a 52-week low of $55.10 and a 52-week high of $96.53. The stock has a market cap of $18.42 billion, a PE ratio of 14.61, a PEG ratio of 2.20 and a beta of 1.26.

Best Buy (NYSE:BBY – Get Free Report) last issued its earnings results on Thursday, August 27th. The technology retailer reported $1.47 EPS for the quarter, beating the consensus estimate of $1.39 by $0.08. Best Buy had a net margin of 3.01% and a return on equity of 48.14%. The company had revenue of $9.78 billion during the quarter, compared to analysts’ expectations of $9.59 billion. During the same quarter in the previous year, the company posted $1.28 EPS. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. Best Buy has set its FY 2027 guidance at 6.700-6.900 EPS. As a group, analysts forecast that Best Buy will post 6.82 EPS for the current year.

Insider Activity at Best Buy

In related news, EVP Kathleen Scarlett sold 116,062 shares of the firm’s stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $92.15, for a total transaction of $10,695,113.30. Following the sale, the executive vice president directly owned 116,173 shares in the company, valued at $10,705,341.95. This trade represents a 49.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Richard M. Schulze sold 300,000 shares of the business’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $92.51, for a total transaction of $27,753,000.00. Additional details regarding this sale are available in the official SEC disclosure. 0.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Best Buy

A number of large investors have recently added to or reduced their stakes in BBY. BlackRock Inc. bought a new position in shares of Best Buy during the second quarter worth about $1,932,812,000. Bank of New York Mellon Corp acquired a new stake in Best Buy in the 2nd quarter valued at approximately $174,893,000. Hsbc Holdings PLC lifted its stake in Best Buy by 104.1% in the 4th quarter. Hsbc Holdings PLC now owns 2,020,539 shares of the technology retailer’s stock valued at $135,685,000 after acquiring an additional 1,030,544 shares in the last quarter. KBC Group NV lifted its stake in Best Buy by 50.5% in the 1st quarter. KBC Group NV now owns 1,584,803 shares of the technology retailer’s stock valued at $101,745,000 after acquiring an additional 531,998 shares in the last quarter. Finally, Deutsche Bank AG acquired a new position in Best Buy during the 2nd quarter worth approximately $116,003,000. Institutional investors own 80.96% of the company’s stock.

About Best Buy

(Get Free Report)

Best Buy Co, Inc (NYSE: BBY) is a specialty retailer of technology products and services. The company sells consumer electronics, computers and tablets, mobile phones, appliances, entertainment products, smart-home devices, gaming equipment and related accessories through its stores and digital platforms.

Best Buy also provides technology services through Geek Squad, including product installation, setup, repair, troubleshooting and technical support. Its operations include retail stores, e-commerce, delivery and fulfillment services, as well as membership and protection offerings.