Best Buy (NYSE:BBY) Stock Price Expected to Rise, Telsey Advisory Group Analyst Says

Best Buy (NYSE:BBY) had its price objective boosted by equities researchers at Telsey Advisory Group from $90.00 to $95.00 in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The brokerage currently has an “outperform” rating on the technology retailer’s stock. Telsey Advisory Group’s target price would suggest a potential upside of 17.43% from the stock’s previous close. Telsey Advisory Group also issued estimates for Best Buy’s FY2026 earnings at $6.35 EPS, Q1 2027 earnings at $1.25 EPS, Q3 2027 earnings at $1.46 EPS and FY2027 earnings at $6.83 EPS.

A number of other equities research analysts have also recently commented on the company. Wall Street Zen cut Best Buy from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Jefferies Financial Group dropped their price target on shares of Best Buy from $95.00 to $94.00 and set a “buy” rating on the stock in a research note on Tuesday. Guggenheim restated a “buy” rating and set a $90.00 price objective on shares of Best Buy in a research note on Friday, August 29th. Wedbush reaffirmed a “neutral” rating and issued a $75.00 target price on shares of Best Buy in a report on Thursday, November 20th. Finally, Evercore ISI cut their price target on shares of Best Buy from $85.00 to $80.00 in a report on Tuesday, November 18th. Eight research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $84.53.

Best Buy Price Performance

Shares of NYSE BBY opened at $80.90 on Wednesday. The company has a 50 day simple moving average of $77.83 and a two-hundred day simple moving average of $73.37. Best Buy has a fifty-two week low of $54.99 and a fifty-two week high of $91.72. The company has a market capitalization of $17.00 billion, a price-to-earnings ratio of 22.35, a P/E/G ratio of 2.21 and a beta of 1.25. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.36 and a current ratio of 1.04.

Best Buy (NYSE:BBY) last issued its quarterly earnings results on Tuesday, November 25th. The technology retailer reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.09. The firm had revenue of $9.67 billion for the quarter, compared to analysts’ expectations of $9.57 billion. Best Buy had a return on equity of 47.32% and a net margin of 1.87%.The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.26 EPS. Best Buy has set its FY 2026 guidance at 6.250-6.350 EPS. Analysts expect that Best Buy will post 6.18 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CAO Mathew Watson sold 2,018 shares of the stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $76.76, for a total transaction of $154,901.68. Following the transaction, the chief accounting officer directly owned 20,132 shares of the company’s stock, valued at $1,545,332.32. This represents a 9.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Richard M. Schulze sold 500,000 shares of the firm’s stock in a transaction on Monday, October 20th. The stock was sold at an average price of $80.83, for a total value of $40,415,000.00. Following the completion of the transaction, the chairman owned 12,486,904 shares in the company, valued at approximately $1,009,316,450.32. This trade represents a 3.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,733,111 shares of company stock worth $141,293,157. 0.47% of the stock is owned by insiders.

Institutional Trading of Best Buy

A number of hedge funds have recently bought and sold shares of the company. Harbor Capital Advisors Inc. grew its stake in shares of Best Buy by 69.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 337 shares of the technology retailer’s stock valued at $25,000 after purchasing an additional 138 shares during the period. Palisade Asset Management LLC bought a new stake in Best Buy during the third quarter valued at approximately $25,000. Oliver Lagore Vanvalin Investment Group bought a new stake in Best Buy during the second quarter valued at approximately $26,000. Root Financial Partners LLC purchased a new stake in Best Buy during the third quarter valued at approximately $32,000. Finally, CYBER HORNET ETFs LLC bought a new position in Best Buy in the second quarter worth approximately $33,000. Hedge funds and other institutional investors own 80.96% of the company’s stock.

Best Buy Company Profile

Best Buy Co, Inc engages in the retail of technology products in the United States, Canada, and international. Its stores provide computing and mobile phone products, such as desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions; networking products; tablets covering e-readers; smartwatches; and consumer electronics consisting of digital imaging, health and fitness products, portable audio comprising headphones and portable speakers, and smart home products, as well as home theaters, which includes home theater accessories, soundbars, and televisions.