
Best Buy (BBY) Stock Forecast & Price Target
Best Buy (BBY) Analyst Ratings
Bulls say
Best Buy Co Inc is poised for growth, particularly in the computing segment, as there is a significant need for upgrades to leverage new AI capabilities, expected to contribute positively to revenue in calendar year 2026. The company anticipates a gross margin expansion of approximately 30 basis points driven by marketplace and advertising contributions, which reflect ongoing improvements in these revenue streams. Additionally, demand has shown signs of recovery in early 2024, supported by upcoming tax refunds and new product launches, which are forecasted to foster healthy sales momentum moving forward.
Bears say
The financial analysis indicates a negative outlook for Best Buy Co Inc due to anticipated sales declines and soft guidance for upcoming quarters. Despite a Q4 earnings per share beat, the company is facing a projected low-single-digit percentage decline in comparable sales, with domestic engaged web traffic only showing modest growth and overall sales trends down 10% year-over-year. Additionally, the expected guidance for the first quarter suggests underperformance compared to consensus estimates, amidst ongoing industry uncertainties that could further impact consumer electronics pricing and availability.
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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