Telsey Advisory Group Issues Pessimistic Forecast for Best Buy (NYSE:BBY) Stock Price

Best Buy (NYSE:BBY) had its price objective decreased by analysts at Telsey Advisory Group from $110.00 to $100.00 in a research note issued on Wednesday, MarketBeat Ratings reports. The brokerage currently has an “outperform” rating on the technology retailer’s stock. Telsey Advisory Group’s price objective indicates a potential upside of 27.23% from the stock’s previous close. Telsey Advisory Group also issued estimates for Best Buy’s Q1 2026 earnings at $1.06 EPS, Q2 2026 earnings at $1.33 EPS, Q3 2026 earnings at $1.36 EPS, Q4 2026 earnings at $2.69 EPS, FY2026 earnings at $6.44 EPS and FY2027 earnings at $7.08 EPS.

Other research analysts have also issued research reports about the company. Citigroup decreased their price objective on Best Buy from $109.00 to $101.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Wedbush reiterated a “neutral” rating and set a $90.00 price target on shares of Best Buy in a report on Monday. StockNews.com lowered Best Buy from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Loop Capital reiterated a “buy” rating and set a $100.00 price target on shares of Best Buy in a report on Wednesday, December 18th. Finally, UBS Group reiterated a “buy” rating and set a $105.00 price target (down previously from $115.00) on shares of Best Buy in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $93.50.

Best Buy Trading Up 4.1 %

Shares of BBY stock opened at $78.60 on Wednesday. The stock’s fifty day moving average is $85.75 and its two-hundred day moving average is $90.43. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.22 and a current ratio of 1.00. The firm has a market capitalization of $16.80 billion, a P/E ratio of 13.44, a PEG ratio of 2.10 and a beta of 1.43. Best Buy has a fifty-two week low of $69.29 and a fifty-two week high of $103.71.

Best Buy (NYSE:BBY) last announced its quarterly earnings data on Tuesday, March 4th. The technology retailer reported $2.58 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.18. The company had revenue of $13.95 billion for the quarter, compared to analyst estimates of $13.69 billion. Best Buy had a return on equity of 45.93% and a net margin of 3.01%. During the same quarter last year, the firm posted $2.72 EPS. Research analysts expect that Best Buy will post 6.18 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Best Buy news, CFO Matthew M. Bilunas sold 69,166 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $87.46, for a total value of $6,049,258.36. Following the completion of the sale, the chief financial officer now owns 92,070 shares in the company, valued at approximately $8,052,442.20. The trade was a 42.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.59% of the stock is owned by company insiders.

Institutional Investors Weigh In On Best Buy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rakuten Securities Inc. lifted its stake in Best Buy by 971.9% in the fourth quarter. Rakuten Securities Inc. now owns 343 shares of the technology retailer’s stock valued at $29,000 after buying an additional 311 shares during the last quarter. Vermillion Wealth Management Inc. purchased a new stake in Best Buy in the fourth quarter valued at approximately $31,000. Golden State Wealth Management LLC purchased a new stake in Best Buy in the fourth quarter valued at approximately $32,000. Atlas Capital Advisors Inc. lifted its stake in Best Buy by 186.9% in the fourth quarter. Atlas Capital Advisors Inc. now owns 373 shares of the technology retailer’s stock valued at $32,000 after buying an additional 243 shares during the last quarter. Finally, Ancora Advisors LLC lifted its stake in Best Buy by 18,700.0% in the fourth quarter. Ancora Advisors LLC now owns 376 shares of the technology retailer’s stock valued at $32,000 after buying an additional 374 shares during the last quarter. Hedge funds and other institutional investors own 80.96% of the company’s stock.

About Best Buy

Best Buy Co, Inc engages in the retail of technology products in the United States, Canada, and international. Its stores provide computing and mobile phone products, such as desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions; networking products; tablets covering e-readers; smartwatches; and consumer electronics consisting of digital imaging, health and fitness products, portable audio comprising headphones and portable speakers, and smart home products, as well as home theaters, which includes home theater accessories, soundbars, and televisions.