Best Buy (NYSE:BBY) Given New $95.00 Price Target at DA Davidson

Best Buy (NYSE:BBY) had its price objective boosted by equities research analysts at DA Davidson from $90.00 to $95.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the technology retailer’s stock. DA Davidson’s target price indicates a potential upside of 15.10% from the company’s current price.

Other research analysts also recently issued research reports about the stock. Daiwa Securities Group upped their price target on shares of Best Buy from $68.00 to $77.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. lifted their price objective on Best Buy from $76.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. Telsey Advisory Group boosted their price objective on Best Buy from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 4th. Wall Street Zen cut Best Buy from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Finally, Barclays restated a “buy” rating and issued a $85.00 target price on shares of Best Buy in a research report on Friday. Eight analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $85.40.

Best Buy Price Performance

Best Buy stock traded down $1.02 during trading on Friday, reaching $82.54. The company had a trading volume of 633,160 shares, compared to its average volume of 4,244,125. The firm has a market capitalization of $17.40 billion, a PE ratio of 15.29, a price-to-earnings-growth ratio of 2.50 and a beta of 1.29. The firm’s 50-day simple moving average is $83.01 and its 200 day simple moving average is $71.26. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.40 and a current ratio of 1.12. Best Buy has a 1-year low of $55.10 and a 1-year high of $91.26.

Best Buy (NYSE:BBY) last posted its quarterly earnings data on Thursday, August 27th. The technology retailer reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.08. The company had revenue of $9.78 billion during the quarter, compared to analysts’ expectations of $9.59 billion. Best Buy had a net margin of 2.73% and a return on equity of 48.70%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.28 earnings per share. Best Buy has set its FY 2027 guidance at 6.700-6.900 EPS. As a group, equities research analysts anticipate that Best Buy will post 6.6 earnings per share for the current fiscal year.

Insider Transactions at Best Buy

In other Best Buy news, Chairman Richard M. Schulze sold 224,705 shares of the stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $78.10, for a total value of $17,549,460.50. Following the completion of the sale, the chairman owned 10,430,936 shares in the company, valued at approximately $814,656,101.60. This represents a 2.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 500,000 shares of company stock worth $39,065,226. 0.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Palisade Asset Management LLC purchased a new position in Best Buy during the third quarter worth approximately $25,000. MV Capital Management Inc. purchased a new stake in Best Buy in the 4th quarter valued at $25,000. Torren Management LLC acquired a new stake in shares of Best Buy in the 4th quarter worth $25,000. Hillsdale Investment Management Inc. acquired a new stake in shares of Best Buy in the 4th quarter worth $29,000. Finally, Activest Wealth Management raised its holdings in shares of Best Buy by 1,247.1% during the 4th quarter. Activest Wealth Management now owns 458 shares of the technology retailer’s stock worth $31,000 after acquiring an additional 424 shares during the period. 80.96% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Best Buy

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

• Positive Sentiment: Q2 results exceeded expectations. Revenue rose 3.6% year over year to $9.78 billion, above the $9.59 billion consensus estimate, while adjusted EPS of $1.47 surpassed estimates near $1.39 and increased from $1.28 a year earlier. Best Buy Reports Second Quarter Results
• Positive Sentiment: Comparable sales showed improving momentum. Enterprise comparable sales grew 4.1%, led by 4.5% growth in the domestic segment. Computing products, technology upgrades, replacements, AI glasses and collectibles reportedly supported demand. Best Buy tops quarterly estimates, raises outlook as computing shows strength
• Positive Sentiment: Management raised its fiscal 2027 outlook. Adjusted EPS is now forecast at $6.70–$6.90, up from $6.30–$6.60, while revenue guidance increased to $42.3–$42.8 billion. Both ranges are above analyst expectations. Best Buy raises annual sales forecast on steady electronics demand
• Positive Sentiment: Shareholder returns remain attractive. Best Buy declared a quarterly dividend of $0.96 per share, equivalent to approximately $3.84 annually and a reported yield of about 4.6%, subject to the stated September 17 ex-dividend and record dates.
• Neutral Sentiment: Best Buy is expanding its omnichannel strategy through smaller-format stores and “Ask Blue,” a conversational artificial-intelligence assistant intended to improve online and in-store customer engagement. Best Buy Expands Omnichannel Footprint With OpenAI Integration and Smaller-Format Stores
• Negative Sentiment: BBY shares decreased despite the earnings beat. The market reaction suggests investors may have already priced in a strong quarter, while concerns remain about cautious consumers, thin retail margins and the sustainability of the computing-led improvement. International revenue also declined year over year. Best Buy shares fall despite Q2 earnings and revenue beat
• Negative Sentiment: An incoming CEO transition adds an additional execution variable as Best Buy works to sustain sales growth and improve its longer-term retail trajectory.

About Best Buy

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.