Analysts’ Recent Ratings Updates for Best Buy (BBY)

A number of research firms have changed their ratings and price targets for Best Buy (NYSE: BBY):

• 3/5/2026 – Best Buy was given a new $78.00 price target by DA Davidson.
• 3/5/2026 – Best Buy had its price target lowered by Daiwa Securities Group Inc. from $80.00 to $68.00. They now have a “neutral” rating on the stock.
• 3/4/2026 – Best Buy had its “buy” rating reaffirmed by Evercore Inc. They now have a $75.00 price target on the stock.
• 3/4/2026 – Best Buy had its “buy” rating reaffirmed by Piper Sandler.
• 3/4/2026 – Best Buy had its “sector weight” rating reaffirmed by KeyCorp.
• 3/4/2026 – Best Buy had its price target raised by Citigroup Inc. from $67.00 to $69.00. They now have a “neutral” rating on the stock.
• 3/4/2026 – Best Buy had its price target lowered by Morgan Stanley from $76.00 to $72.00. They now have an “equal weight” rating on the stock.
• 3/4/2026 – Best Buy had its price target lowered by DA Davidson from $90.00 to $85.00. They now have a “buy” rating on the stock.
• 3/4/2026 – Best Buy had its price target lowered by The Goldman Sachs Group, Inc. from $93.00 to $76.00. They now have a “buy” rating on the stock.
• 3/4/2026 – Best Buy had its price target raised by Evercore Inc from $70.00 to $75.00.
• 3/4/2026 – Best Buy had its price target raised by BNP Paribas Exane from $68.00 to $74.00. They now have a “neutral” rating on the stock.
• 3/4/2026 – Best Buy had its “buy” rating reaffirmed by Guggenheim. They now have a $90.00 price target on the stock.
• 3/4/2026 – Best Buy had its price target lowered by Piper Sandler from $71.00 to $68.00. They now have a “neutral” rating on the stock.
• 3/4/2026 – Best Buy had its price target lowered by Telsey Advisory Group from $95.00 to $80.00. They now have an “outperform” rating on the stock.
• 3/3/2026 – Best Buy had its price target lowered by Truist Financial Corporation from $73.00 to $66.00. They now have a “hold” rating on the stock.
• 2/26/2026 – Best Buy had its price target lowered by HSBC Holdings plc from $96.00 to $85.00.
• 2/24/2026 – Best Buy had its “outperform” rating reaffirmed by Telsey Advisory Group. They now have a $95.00 price target on the stock.
• 2/24/2026 – Best Buy had its price target lowered by Wedbush from $80.00 to $70.00. They now have a “neutral” rating on the stock.
• 2/23/2026 – Best Buy had its price target lowered by Piper Sandler from $76.00 to $71.00. They now have a “neutral” rating on the stock.
• 2/18/2026 – Best Buy had its price target lowered by Wells Fargo & Company from $75.00 to $70.00. They now have an “equal weight” rating on the stock.
• 2/13/2026 – Best Buy had its price target lowered by Citigroup Inc. from $82.00 to $67.00. They now have a “neutral” rating on the stock.
• 2/9/2026 – Best Buy had its price target lowered by Jefferies Financial Group Inc. from $94.00 to $89.00. They now have a “buy” rating on the stock.
• 2/3/2026 – Best Buy had its price target lowered by Evercore Inc from $80.00 to $70.00. They now have an “in-line” rating on the stock.
• 2/2/2026 – Best Buy was downgraded by JPMorgan Chase & Co. from “overweight” to “neutral”. They now have a $76.00 price target on the stock, down from $99.00.
• 1/21/2026 – Best Buy had its “hold (c)” rating reaffirmed by Weiss Ratings.
• 1/16/2026 – Best Buy had its price target lowered by Truist Financial Corporation from $77.00 to $73.00. They now have a “hold” rating on the stock.
• 1/15/2026 – Best Buy had its price target lowered by Morgan Stanley from $82.00 to $76.00. They now have an “equal weight” rating on the stock.

Best Buy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 24th will be issued a $0.96 dividend. The ex-dividend date is Tuesday, March 24th. This is a positive change from Best Buy’s previous quarterly dividend of $0.95. This represents a $3.84 dividend on an annualized basis and a yield of 6.1%. Best Buy’s payout ratio is presently 76.19%.

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.