Best Buy (NYSE:BBY) Stock Price Expected to Rise, Wedbush Analyst Says

Posted by James Quigley on May 29th, 2026

Best Buy (NYSE:BBY – Get Free Report) had its target price boosted by analysts at Wedbush from $70.00 to $75.00 in a research note issued to investors on Friday,MarketScreener reports. The firm presently has a “neutral” rating on the technology retailer’s stock. Wedbush’s price objective would suggest a potential downside of 0.17% from the stock’s previous close.

A number of other research firms also recently weighed in on BBY. Wells Fargo & Company dropped their price target on Best Buy from $70.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 14th. Piper Sandler reaffirmed a “neutral” rating and issued a $77.00 price objective on shares of Best Buy in a research report on Thursday. KeyCorp reissued a “sector weight” rating on shares of Best Buy in a research report on Wednesday, March 4th. HSBC reduced their target price on Best Buy from $96.00 to $85.00 in a report on Thursday, February 26th. Finally, Telsey Advisory Group set a $90.00 price target on Best Buy and gave the stock an “outperform” rating in a report on Friday. Seven equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Best Buy has a consensus rating of “Hold” and an average price target of $78.60.

View Our Latest Analysis on BBY

Best Buy Stock Up 0.5%

Shares of NYSE BBY opened at $75.12 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.43 and a debt-to-equity ratio of 0.39. The company has a market cap of $15.83 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 1.59 and a beta of 1.22. Best Buy has a 12 month low of $55.10 and a 12 month high of $84.99. The stock has a 50-day moving average price of $61.99 and a two-hundred day moving average price of $66.80.

Best Buy (NYSE:BBY – Get Free Report) last posted its quarterly earnings results on Thursday, May 28th. The technology retailer reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. The company had revenue of $8.94 billion for the quarter, compared to the consensus estimate of $8.82 billion. Best Buy had a net margin of 2.56% and a return on equity of 49.17%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the company posted $1.15 EPS. Best Buy has set its FY 2027 guidance at 6.300-6.600 EPS. As a group, analysts forecast that Best Buy will post 6.5 earnings per share for the current fiscal year.

Insider Transactions at Best Buy

In other Best Buy news, EVP Jason J. Bonfig sold 6,336 shares of the firm’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $64.02, for a total value of $405,630.72. Following the completion of the transaction, the executive vice president owned 79,137 shares in the company, valued at $5,066,350.74. This trade represents a 7.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Corie S. Barry sold 42,869 shares of Best Buy stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $64.02, for a total value of $2,744,473.38. Following the transaction, the chief executive officer directly owned 523,138 shares of the company’s stock, valued at $33,491,294.76. The trade was a 7.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 77,247 shares of company stock valued at $4,945,353. 0.47% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Best Buy

Large investors have recently modified their holdings of the company. Palisade Asset Management LLC bought a new position in shares of Best Buy in the third quarter worth $25,000. MV Capital Management Inc. bought a new stake in Best Buy during the fourth quarter valued at $25,000. Torren Management LLC purchased a new position in Best Buy during the fourth quarter worth about $25,000. Hillsdale Investment Management Inc. purchased a new position in Best Buy during the fourth quarter worth about $29,000. Finally, Quest 10 Wealth Builders Inc. increased its stake in Best Buy by 239.2% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 441 shares of the technology retailer’s stock worth $30,000 after acquiring an additional 311 shares during the last quarter. 80.96% of the stock is currently owned by institutional investors.

Key Headlines Impacting Best Buy

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

Positive Sentiment: Best Buy delivered a clean Q1 beat on earnings and revenue, with positive comparable sales growth and improving margins. Best Buy (BBY) Beats Earnings Expectations, Shares Climb 15.8%
Positive Sentiment: The company maintained its full-year guidance and issued Q2 sales guidance that came in better than expected, reinforcing confidence in the turnaround. Best Buy Reports First Quarter Results
Positive Sentiment: Analyst sentiment improved after the report, with Jefferies raising its price target to $89 and Morgan Stanley lifting its target to $80, signaling additional upside. Analyst price target updates for Best Buy
Neutral Sentiment: Unusual call option activity suggests traders are positioning for more volatility and continued momentum in BBY. Stock Traders Buy High Volume of Best Buy Call Options (NYSE:BBY)
Neutral Sentiment: Best Buy also announced a quarterly dividend of $0.96 per share, which may appeal to income-focused investors. Best Buy dividend announcement

Best Buy Company Profile

(Get Free Report)

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.