Best Buy Reports First Quarter Results
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Best Buy (BBY) PT Lowered to $70 at Wedbush
May 30, 2025 6:33 AM EDTWedbush analyst Seth Basham lowered the price target on Best Buy (NYSE: BBY) to $70.00 (from $75.00) while maintaining a Neutral rating.
The analyst comments "BBY reported mixed 1Q results that missed buy-side expectations looking for upside to consensus estimates on the top line while delivering upside vs. consensus on the bottom line that was partially driven by a favorable tax settlement. As expected, the company revised its full year outlook lower after... More
Edgewater Comments on Best Buy (BBY)
May 30, 2025 4:41 AM EDTEdgewater Comments on Best Buy (NYSE: BBY)
"Fairly in-line Q1 upstaged by revised guidance, though current outlook largely reflects the company's prior commentary on their F4Q call."... MoreBest Buy (BBY) PT Lowered to $94 at Goldman Sachs
May 30, 2025 4:33 AM EDTGoldman Sachs analyst Kate McShane lowered the price target on Best Buy (NYSE: BBY) to $94.00 (from $116.00) while maintaining a Buy rating.
The analyst comments "BBY stock declined ~-7.3% after the company reported a slight sales miss and lowered FY26 guidance. Key takeaways from the quarter include: 1) SSS were negative driven by weakness in more... More
Best Buy (BBY) PT Lowered to $90 at DA Davidson
May 29, 2025 2:25 PM EDTDA Davidson analyst Michael Baker lowered the price target on Best Buy (NYSE: BBY) to $90.00 (from $95.00) while maintaining a Buy rating.
The analyst comments "Through mitigation efforts, BBYs tariff situation has greatly improved versus the concerns that impacted the stock in... More
Best Buy (BBY) PT Lowered to $88 at Jefferies
May 29, 2025 1:52 PM EDTJefferies analyst Jonathan Matuszewski lowered the price target on Best Buy (NYSE: BBY) to $88.00 (from $92.00) while maintaining a Buy rating.
The analyst comments "With investor expectations for C'25 EPS below the Street heading into this print, coupled with no 'red flags' regarding consumer... More
Best Buy (BBY) PT Lowered to $95 at JPMorgan, 'Oversold Move with Stock at Trough Valuation'
May 29, 2025 1:05 PM EDTJPMorgan analyst Christopher Horvers lowered the price target on Best Buy (NYSE: BBY) to $95.00 (from $110.00) while maintaining a Overweight rating.
The analyst comments "PMs take: data-driven miss drives oversold stock; attractive entry point on trough valuation with reasons for acceleration. BBY posted mixed results with a comp miss (-0.7% vs. the Street's -0.4% and expectations that, apparently, centered around +2% based on feedback today), with slight EPS upside that was driven by a tax settlement. The company also guided down ~11% for 2Q, albeit only taking the year down to the lower-end of... More
Best Buy (BBY) PT Raised to $69 at Truist Securities
May 29, 2025 12:10 PM EDTTruist Securities analyst Scot Ciccarelli raised the price target on Best Buy (NYSE: BBY) to $69.00 (from $64.00) while maintaining a Hold rating.
The analyst comments "1Q was in-line with our ests. and core trends remain muted, with + comps in computing/ tablets being offset by softness... More
Truist on Best Buy (BBY): 'Another ~in-line qtr, tariff impact more muted, but still lacks momentum'
May 29, 2025 8:28 AM EDTTruist Securities analyst Scot Ciccarelli reiterated a Hold rating and $64.00 price target on Best Buy (NYSE: BBY).
The analyst comments "Net/net 1Q results were in-line with our projections, including a Domestic comp decline of (0.7%) vs. our 0.0%E and EPS of $1.15 (exactly... More
Barclays Reiterates Equalweight Rating on Best Buy (BBY)
May 29, 2025 7:56 AM EDTBarclays analyst Matthew McClintock reiterated an Equalweight rating and $89.00 price target on Best Buy (NYSE: BBY).
The analyst comments "BBY's Q1 was mixed (sales down slightly but better EPS), with key now being its ability to convey a level of confidence in how it can navigate tariffs and continue to... More
Barclays Reiterates Equalweight Rating on Best Buy (BBY)
May 29, 2025 7:56 AM EDTBarclays analyst Matthew McClintock reiterated an Equalweight rating and $89.00 price target on Best Buy (NYSE: BBY).
The analyst comments "BBY's Q1 was mixed (sales down slightly but better EPS), with key now being its ability to convey a level of confidence in how it can navigate tariffs and continue to... More
Best Buy (BBY) Tops Q1 EPS by 8c, Beats on Revenue; Offers FY26 EPS Guidance
May 29, 2025 7:03 AM EDTBest Buy (NYSE: BBY) reported Q1 EPS of $1.15, $0.08 better than the analyst estimate of $1.07. Revenue for the quarter came in at $8.77 billion versus the consensus estimate of $8.75 billion.
GUIDANCE:
Best Buy sees FY2026 EPS of $6.15-$6.30, versus the consensus... More
