Best Buy (NYSE:BBY) Given New $74.00 Price Target at BNP Paribas Exane

Best Buy (NYSE:BBY) had its price target boosted by BNP Paribas Exane from $68.00 to $74.00 in a research report issued on Wednesday,MarketScreener reports. The firm currently has a “neutral” rating on the technology retailer’s stock. BNP Paribas Exane’s price objective would suggest a potential upside of 11.35% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the company. Truist Financial set a $66.00 price target on Best Buy in a report on Tuesday. Wedbush lowered their target price on Best Buy from $80.00 to $70.00 and set a “neutral” rating for the company in a report on Tuesday, February 24th. Evercore reaffirmed a “buy” rating on shares of Best Buy in a research report on Wednesday. Wall Street Zen lowered Best Buy from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Finally, JPMorgan Chase & Co. downgraded Best Buy from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $99.00 to $76.00 in a research report on Monday, February 2nd. Nine analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $77.25.

Best Buy Trading Up 0.8%

Shares of NYSE:BBY traded up $0.51 during trading on Wednesday, hitting $66.46. The company had a trading volume of 289,111 shares, compared to its average volume of 4,782,809. The stock has a market cap of $13.93 billion, a price-to-earnings ratio of 22.01, a price-to-earnings-growth ratio of 1.47 and a beta of 1.46. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.05 and a quick ratio of 0.26. The company has a fifty day simple moving average of $66.83 and a two-hundred day simple moving average of $72.90. Best Buy has a one year low of $54.99 and a one year high of $84.99.

Best Buy (NYSE:BBY) last issued its quarterly earnings results on Tuesday, March 3rd. The technology retailer reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.48 by $0.13. Best Buy had a return on equity of 50.02% and a net margin of 1.54%.The company had revenue of $13.81 billion during the quarter, compared to the consensus estimate of $13.96 billion. During the same period last year, the company earned $2.58 earnings per share. Best Buy’s revenue was down 1.0% on a year-over-year basis. Best Buy has set its FY 2027 guidance at 6.300-6.600 EPS. As a group, equities analysts forecast that Best Buy will post 6.18 earnings per share for the current year.

Institutional Trading of Best Buy

A number of institutional investors have recently bought and sold shares of BBY. AQR Capital Management LLC lifted its holdings in shares of Best Buy by 99.8% during the third quarter. AQR Capital Management LLC now owns 6,997,871 shares of the technology retailer’s stock worth $525,120,000 after purchasing an additional 3,496,254 shares during the period. Norges Bank acquired a new stake in Best Buy during the 4th quarter valued at approximately $174,685,000. Schroder Investment Management Group boosted its holdings in shares of Best Buy by 378.8% in the 4th quarter. Schroder Investment Management Group now owns 3,096,015 shares of the technology retailer’s stock valued at $207,216,000 after acquiring an additional 2,449,342 shares during the last quarter. KBC Group NV increased its stake in shares of Best Buy by 293.6% in the fourth quarter. KBC Group NV now owns 1,052,805 shares of the technology retailer’s stock worth $70,464,000 after acquiring an additional 785,294 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Best Buy by 14,865.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 771,159 shares of the technology retailer’s stock worth $51,614,000 after purchasing an additional 766,006 shares during the last quarter. 80.96% of the stock is currently owned by institutional investors and hedge funds.

Best Buy News Roundup

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

• Positive Sentiment: Q4 earnings beat and profit improvement — Best Buy reported $2.61 GAAP EPS vs. consensus ~$2.48 and highlighted margin gains and cost discipline that drove stronger profits despite a small sales decline. MarketWatch: Q4 Results
• Positive Sentiment: Buy-side support remains — Guggenheim reaffirmed a “buy” and a $90 price target, signaling conviction that earnings strength and buyback/dividend support value. Benzinga: Guggenheim Rating
• Positive Sentiment: Operational progress cited by analysts — Coverage notes that a leaner cost structure and improved profitability are driving the post‑earnings rally even as sales soften. 247WallSt: Cost Structure
• Neutral Sentiment: Telsey cut its price target to $80 but kept an “outperform” rating (still a material upside vs. the current price), reflecting mixed long‑term conviction.
• Neutral Sentiment: Piper Sandler trimmed its target to $68 and moved to “neutral,” reducing upside expectations for near‑term performance. Benzinga: Piper Sandler
• Neutral Sentiment: FY‑2027 guidance updated to $6.30–$6.60 EPS (consensus ~6.68) and revenue guidance slightly below street expectations, which tempers the beat and leaves investors weighing near‑term growth headwinds.
• Negative Sentiment: Revenue and same‑store sales weakness — Q4 revenue was $13.81B vs. estimates near $13.96B and comp sales slipped (~‑0.8%), reinforcing that consumers are pulling back on big‑ticket electronics. Yahoo Finance: Revenue Miss
• Negative Sentiment: Company warns of softer annual sales and supply/tariff uncertainty — Best Buy forecast annual sales below Wall Street estimates, a clear headwind to multiple expansion. Reuters: Sales Forecast
• Negative Sentiment: Sell-side critique and structural concerns — A Seeking Alpha piece downgraded BBY to “Sell,” highlighting weak differentiation, e‑commerce vulnerability, and limited near‑term catalysts despite a high dividend yield. Seeking Alpha: Sell Rating

Best Buy Company Profile

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.