Best Buy (NYSE:BBY) Price Target Lowered to $70.00 at Evercore ISI

Best Buy (NYSE:BBY) had its price objective trimmed by Evercore ISI from $80.00 to $70.00 in a report released on Tuesday morning, MarketBeat reports. The firm currently has an in-line rating on the technology retailer’s stock.

BBY has been the topic of a number of other research reports. BNP Paribas Exane dropped their price target on shares of Best Buy from $69.00 to $68.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 26th. Citigroup boosted their target price on Best Buy from $73.00 to $82.00 and gave the stock a “neutral” rating in a report on Friday, November 7th. UBS Group boosted their price target on shares of Best Buy from $93.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Guggenheim reiterated a “buy” rating and issued a $90.00 price objective on shares of Best Buy in a report on Wednesday, November 26th. Finally, Jefferies Financial Group lowered their target price on shares of Best Buy from $95.00 to $94.00 and set a “buy” rating for the company in a research note on Tuesday, November 25th. Eight analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Best Buy has a consensus rating of “Hold” and a consensus target price of $81.63.

Best Buy Stock Performance

BBY opened at $65.55 on Tuesday. The firm has a fifty day moving average price of $70.36 and a 200 day moving average price of $73.25. Best Buy has a 1 year low of $54.99 and a 1 year high of $91.68. The stock has a market cap of $13.73 billion, a P/E ratio of 21.70, a P/E/G ratio of 1.56 and a beta of 1.44. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.05 and a quick ratio of 0.26.

Best Buy (NYSE:BBY) last released its quarterly earnings results on Tuesday, November 25th. The technology retailer reported $1.40 EPS for the quarter, beating the consensus estimate of $1.31 by $0.09. The company had revenue of $9.67 billion for the quarter, compared to analyst estimates of $9.57 billion. Best Buy had a net margin of 1.54% and a return on equity of 50.02%. The firm’s revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the business earned $1.26 earnings per share. Best Buy has set its FY 2026 guidance at 6.250-6.350 EPS. Equities research analysts anticipate that Best Buy will post 6.18 earnings per share for the current year.

Best Buy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Tuesday, December 16th were given a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 5.8%. Best Buy’s dividend payout ratio is currently 125.83%.

Hedge Funds Weigh In On Best Buy

A number of institutional investors and hedge funds have recently modified their holdings of the company. Sage Private Wealth Group LLC raised its stake in Best Buy by 3.1% in the third quarter. Sage Private Wealth Group LLC now owns 4,109 shares of the technology retailer’s stock valued at $311,000 after buying an additional 123 shares in the last quarter. LVW Advisors LLC raised its position in shares of Best Buy by 3.9% during the 3rd quarter. LVW Advisors LLC now owns 3,633 shares of the technology retailer’s stock worth $275,000 after acquiring an additional 137 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in Best Buy by 69.3% during the third quarter. Harbor Capital Advisors Inc. now owns 337 shares of the technology retailer’s stock worth $25,000 after purchasing an additional 138 shares during the last quarter. Huntington National Bank lifted its stake in Best Buy by 12.0% during the third quarter. Huntington National Bank now owns 1,298 shares of the technology retailer’s stock worth $98,000 after purchasing an additional 139 shares during the last quarter. Finally, Panagora Asset Management Inc. boosted its holdings in Best Buy by 1.5% in the second quarter. Panagora Asset Management Inc. now owns 9,513 shares of the technology retailer’s stock valued at $639,000 after purchasing an additional 144 shares in the last quarter. Institutional investors and hedge funds own 80.96% of the company’s stock.

Trending Headlines about Best Buy

Here are the key news stories impacting Best Buy this week:

• Positive Sentiment: Best Buy recently reported an EPS beat and set FY26 guidance (6.25–6.35 EPS), showing modest topline growth and operating resilience. This provides fundamental support against downgrades.
• Neutral Sentiment: Analysts offered sector insights that mention Best Buy alongside peers; useful for context but not a direct catalyst. Analysts Offer Insights
• Neutral Sentiment: Brokerage consensus has converged toward a “Hold” / in‑line stance across firms, signaling lowered enthusiasm but not uniform bearishness. Consensus Hold
• Negative Sentiment: JPMorgan downgraded BBY from Overweight to Neutral and cut its price target from $99 to $76, citing tougher comps and weaker outlook dynamics — a high‑profile downgrade that likely pressured the stock. JP Morgan Downgrades Best Buy
• Negative Sentiment: Evercore ISI cut its price target to $70 and moved to an “in‑line” rating, trimming upside expectations and reinforcing the bearish analyst tone. Evercore Price Target Cut
• Negative Sentiment: Multiple pieces highlight a tougher FY26 outlook — concerns about difficult year‑ago comps, a housing slowdown and softer consumer spending that could weigh revenue and margins. These macro/sector worries are being reflected in downgrades and valuation reassessments. Challenging FY26 Outlook
• Negative Sentiment: Analyses reassessing valuation after the JPMorgan downgrade emphasize downside risk to estimates and investor sentiment, keeping pressure on the multiple. Valuation Assessment

Best Buy Company Profile

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.