Best Buy Stock Target Price and Analyst Consensus

BBY Stock  USD 86.01  0.26  0.30%   
The current analyst and expert consensus on Best Buy is Buy with 17 hold recommendations. The current projected Best Buy target price consensus is 81.81 with 29 analyst opinions. One of the most common ways Best Buy analysts use to provide buy-or-sell recommendation to the public are conference calls analysis and financial statements evaluations. Some experts can also talk to Best Buy vendors, executives, and/or customers. Best Buy recommendation module provides expert sentiment on the projected Best Buy target price to derive its highest and lowest estimates based on target price standard deviation. Check out Macroaxis Advice on Best Buy to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
Lowest Forecast
74.45
Highest Forecast
90.81
Target Price
81.81
Gross Profit is likely to drop to about 6.5 B in 2024. Pretax Profit Margin is likely to drop to 0.0004 in 2024. At this time, Best Buy's Common Stock is fairly stable compared to the past year. Intangible Assets is likely to rise to about 223 M in 2024, whereas Total Assets are likely to drop slightly above 9.7 B in 2024.
  
It's important to approach Best Buy's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.

Best Buy Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Best target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Best Buy's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
   29  Buy
Most Best analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Best stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Best Buy, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

Best Buy Target Price Projection

Best Buy's current and average target prices are 86.01 and 81.81, respectively. The current price of Best Buy is the price at which Best Buy Co is currently trading. On the other hand, Best Buy's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

Best Buy Market Quote on 13th of July 2024

Low Price85.58Odds
High Price87.99Odds

86.01

Target Price

Analyst Consensus On Best Buy Target Price

Low Estimate74.45Odds
High Estimate90.81Odds

81.81

Historical Lowest Forecast  74.45 Target Price  81.81 Highest Forecast  90.81
Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Best Buy Co and the information provided on this page.

Best Buy Analyst Ratings

Best Buy's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Best Buy stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Best Buy's financials, market performance, and future outlook by experienced professionals. Best Buy's historical ratings below, therefore, can serve as a valuable tool for investors.

Analyst Consensus Breakdown

Average Consensus Estimates

Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize Best Buy price targets

Best Buy's stock target price is an estimate of its future price, usually made by analysts. Using Best Buy's target price to determine if it is a suitable investment can be done through the following steps:
  • Look at Best Buy's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Best Buy's stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional Best Buy Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Best Buy is a key component of Best Buy valuation and have some predictive power on the future returns of a Best Buy.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Best Buy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
83.8186.1688.51
Details
Intrinsic
Valuation
LowRealHigh
70.3872.7394.61
Details
Naive
Forecast
LowNextHigh
86.3288.6691.01
Details
Earnings
Estimates (0)
LowProjected EPSHigh
1.081.161.21
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Best Buy. Your research has to be compared to or analyzed against Best Buy's peers to derive any actionable benefits. When done correctly, Best Buy's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Best Buy.

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Additional Tools for Best Stock Analysis

When running Best Buy's price analysis, check to measure Best Buy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Best Buy is operating at the current time. Most of Best Buy's value examination focuses on studying past and present price action to predict the probability of Best Buy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Best Buy's price. Additionally, you may evaluate how the addition of Best Buy to your portfolios can decrease your overall portfolio volatility.