On May 30, 2025, Loop Capital analyst Anthony Chukumba announced a revision in the price target for Best Buy Co (BBY, Financial). The analyst maintained a "Buy" rating on the stock but lowered the price target from $90.00 to $80.00.
This adjustment represents a price target percentage change of -11.11%. Despite the lowered price target, the "Buy" rating indicates Loop Capital's confidence in the long-term potential of Best Buy Co (BBY, Financial).
The revision may influence investor sentiment and stock performance, as Loop Capital is a recognized entity in the stock analysis sector. The current price target of $80.00 suggests a different valuation of Best Buy Co (BBY, Financial) compared to the prior assessment.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 20 analysts, the average target price for Best Buy Co Inc (BBY, Financial) is $80.23 with a high estimate of $101.00 and a low estimate of $63.00. The average target implies an upside of 19.86% from the current price of $66.94. More detailed estimate data can be found on the Best Buy Co Inc (BBY) Forecast page.
Based on the consensus recommendation from 28 brokerage firms, Best Buy Co Inc's (BBY, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Best Buy Co Inc (BBY, Financial) in one year is $76.04, suggesting a upside of 13.6% from the current price of $66.935. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Best Buy Co Inc (BBY) Summary page.
