Telsey Advisory Group Lowers Best Buy (NYSE:BBY) Price Target to $80.00

Best Buy (NYSE:BBY) had its target price cut by analysts at Telsey Advisory Group from $95.00 to $80.00 in a research note issued on Wednesday, MarketBeat reports. The brokerage currently has an “outperform” rating on the technology retailer’s stock. Telsey Advisory Group’s target price indicates a potential upside of 22.21% from the stock’s current price.

Several other research firms have also recently weighed in on BBY. UBS Group lifted their price objective on shares of Best Buy from $93.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Truist Financial decreased their target price on Best Buy from $73.00 to $66.00 and set a “hold” rating for the company in a research report on Tuesday. Wells Fargo & Company lowered their price target on Best Buy from $75.00 to $70.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 18th. Wall Street Zen downgraded Best Buy from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Finally, Piper Sandler decreased their price objective on Best Buy from $76.00 to $71.00 and set a “neutral” rating for the company in a research report on Monday, February 23rd. Nine research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Best Buy currently has an average rating of “Hold” and a consensus target price of $76.20.

Best Buy Trading Down 2.9%

NYSE:BBY opened at $65.46 on Wednesday. The stock has a fifty day simple moving average of $66.70 and a 200 day simple moving average of $72.81. The company has a quick ratio of 0.26, a current ratio of 1.11 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $13.69 billion, a price-to-earnings ratio of 12.99, a price-to-earnings-growth ratio of 1.68 and a beta of 1.46. Best Buy has a 1-year low of $54.99 and a 1-year high of $84.99.

Best Buy (NYSE:BBY) last posted its quarterly earnings data on Tuesday, March 3rd. The technology retailer reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.48 by $0.13. The company had revenue of $13.81 billion during the quarter, compared to analyst estimates of $13.96 billion. Best Buy had a net margin of 2.56% and a return on equity of 49.17%. The business’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.58 earnings per share. Best Buy has set its FY 2027 guidance at 6.300-6.600 EPS. Sell-side analysts forecast that Best Buy will post 6.18 earnings per share for the current year.

Institutional Investors Weigh In On Best Buy

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Best Buy by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 23,947,415 shares of the technology retailer’s stock valued at $1,810,904,000 after acquiring an additional 552,360 shares during the period. Commonwealth Equity Services LLC increased its stake in Best Buy by 46.2% in the third 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 raised 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 worth $13,902,000 after purchasing an additional 134,508 shares during the period. Bank of New York Mellon Corp raised its holdings in 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 worth $132,701,000 after purchasing an additional 39,026 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al boosted its position in shares of Best Buy by 155.9% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 157,400 shares of the technology retailer’s stock worth $11,903,000 after purchasing an additional 95,900 shares in the last quarter. 80.96% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Best Buy

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

• Positive Sentiment: Q4 earnings beat, stronger margins and digital growth (Ads & Marketplace) drove an earlier rally and underlie the bullish case; management also raised the dividend, signaling cash returns to shareholders. BBY Jumps 7% as Q4 Earnings Beat Signals Strong Strategic Execution
• Positive Sentiment: Several analysts maintained or raised upside views (Evercore raised its PT to $75; BNP Paribas lifted to $74; Guggenheim reaffirmed a $90 PT), providing support that some firms see meaningful upside from current levels. Evercore raises PT to $75
• Positive Sentiment: Market coverage and commentary praised Best Buy’s strategic execution — AI-enabled customer experiences, small-format stores and its higher‑margin digital mix were cited as durable growth levers. BBY Jumps 7% as Q4 Earnings Beat
• Neutral Sentiment: Analysts and commentators praised management’s handling of headwinds — recognition of resilience, but not an immediate catalyst to push consensus materially higher. Best Buy draws praise from analysts
• Neutral Sentiment: UBS and others note FY27 guidance provides a cushion (management framed a steady outlook) — helpful for downside protection but slightly below some street expectations, leaving upside limited until sales momentum re‑accelerates. Fiscal 2027 outlook offers cushion
• Negative Sentiment: Multiple firms trimmed price targets and conservative stances proliferated (Daiwa to $68, Piper to $68, Morgan Stanley to $72, Telsey down to $80), which can trigger profit‑taking after the post‑earnings pop and cap near‑term upside. Daiwa lowers PT to $68
• Negative Sentiment: Near‑term demand risks flagged by Wedbush (memory pricing/shortages) and broader macro/geopolitical pressures on consumer spending are headwinds that could weigh on comparable sales and upward momentum. Best Buy Facing Near-Term Demand Challenges

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.