
Best Buy (BBY) Stock Forecast & Price Target
Best Buy (BBY) Analyst Ratings
Bulls say
Best Buy Co Inc is positioned for growth due to anticipated increases in demand for computing products driven by necessary upgrades to support emerging AI capabilities and the Microsoft upgrade process. The company projects gross margin (GM) expansion of approximately 30 basis points in CY26, fueled by the growth of its marketplace and advertising segments, alongside expectations of improved sales performance during the first quarter. Additionally, as new technologies such as RGB emerge in the television sector, there is potential for rising average selling prices (ASPs), further contributing to positive financial performance.
Bears say
Recent financial analysis reflects a negative outlook for Best Buy Co Inc, highlighting concerns over declining sales trends and comp expectations. Despite a Q4 earnings per share (EPS) beat, the company anticipates a low-single-digit percentage comp decline in upcoming guidance, with observed sales trends down 10% year-over-year. Additionally, third-party data and store checks suggest a decline in domestic comps of 2-3%, raising doubts about the company's growth potential amid uncertainty in the consumer electronics industry.
This aggregate rating is based on analysts' research of Best Buy and is not a guaranteed prediction by Public.com or investment advice.
Best Buy (BBY) Analyst Forecast & Price Prediction
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