Best Buy’s (BBY) Outperform Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Best Buy (NYSE:BBY) in a research report report published on Tuesday morning,Benzinga reports. Telsey Advisory Group currently has a $95.00 target price on the technology retailer’s stock.

A number of other equities analysts also recently issued reports on BBY. UBS Group raised their price target on Best Buy from $93.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Wedbush cut their price objective on shares of Best Buy from $80.00 to $70.00 and set a “neutral” rating for the company in a research report on Tuesday. Piper Sandler reduced their target price on shares of Best Buy from $76.00 to $71.00 and set a “neutral” rating for the company in a report on Monday. Wells Fargo & Company lowered their price objective on Best Buy from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 18th. Finally, Truist Financial cut their price objective on shares of Best Buy from $77.00 to $73.00 and set a “hold” rating for the company in a report on Friday, January 16th. Seven investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Best Buy currently has an average rating of “Hold” and a consensus price target of $79.79.

Best Buy Stock Down 0.1%

NYSE:BBY opened at $62.65 on Tuesday. The firm has a 50-day simple moving average of $67.65 and a two-hundred day simple moving average of $73.18. The firm has a market cap of $13.13 billion, a P/E ratio of 20.75, a P/E/G ratio of 1.49 and a beta of 1.44. Best Buy has a fifty-two week low of $54.99 and a fifty-two week high of $91.20. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.26 and a current ratio of 1.05.

Best Buy (NYSE:BBY) last announced its quarterly earnings results on Tuesday, November 25th. The technology retailer reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.09. Best Buy had a net margin of 1.54% and a return on equity of 50.02%. The company had revenue of $9.67 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same quarter last year, the firm earned $1.26 earnings per share. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. Analysts predict that Best Buy will post 6.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Best Buy

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Best Buy by 2.4% during the third quarter. Vanguard Group Inc. now owns 23,947,415 shares of the technology retailer’s stock worth $1,810,904,000 after buying an additional 552,360 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Best Buy by 46.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 142,288 shares of the technology retailer’s stock valued at $10,760,000 after purchasing an additional 44,989 shares in the last quarter. CWM LLC grew its holdings in Best Buy by 272.6% in the third quarter. CWM LLC now owns 183,842 shares of the technology retailer’s stock valued at $13,902,000 after purchasing an additional 134,508 shares during the period. Bank of New York Mellon Corp increased its position in shares of Best Buy by 2.3% in the third quarter. Bank of New York Mellon Corp now owns 1,754,844 shares of the technology retailer’s stock valued at $132,701,000 after buying an additional 39,026 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in shares of Best Buy by 155.9% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 157,400 shares of the technology retailer’s stock valued at $11,903,000 after buying an additional 95,900 shares in the last quarter. 80.96% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Best Buy

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

• Positive Sentiment: Telsey Advisory Group reaffirmed an “outperform” rating and set a $95 price target (roughly a >50% upside from current levels), signaling at least some bullish conviction that Best Buy could re‑rate if results or guidance beat expectations. Telsey reaffirmation
• Neutral Sentiment: Macro/tariff uncertainty returned after a new 15% U.S. tariff announcement — this adds a background risk for import‑dependent retailers like Best Buy but its ultimate impact depends on company commentary on supplier pricing and passthrough. Tariff story
• Neutral Sentiment: Broader retail/income ideas coverage mentioned Best Buy in thematic pieces this week (e.g., cash‑generating stocks lists) — useful context but unlikely to move the stock absent company‑specific news. Cash‑producing stocks
• Negative Sentiment: Earnings previews from Yahoo/Zacks forecast Q4 EPS pressure — analysts expect Best Buy lacks the setup for an earnings beat and see revenue/comps softness for the quarter, raising downside risk to near‑term estimates. Earnings preview
• Negative Sentiment: Wedbush flagged downside risks to Q4 comparable sales after a soft holiday season and cut its price target from $80 to $70 (while keeping a neutral rating), signaling lower conviction on near‑term upside. Wedbush note
• Negative Sentiment: Opinion pieces highlighting risks (“3 Reasons BBY is Risky”) reinforce bearish narratives around slowing demand and valuation compression, which can pressure sentiment ahead of the report. Risk article

About Best Buy

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.