Best Buy (BBY) PT Raised to $69 at Truist Securities

Best Buy (BBY) PT Lowered to $70 at Wedbush

May 30, 2025 6:33 AM EDT

Wedbush 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 EDT

Edgewater 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."... More

Best Buy (BBY) PT Lowered to $94 at Goldman Sachs

May 30, 2025 4:33 AM EDT

Goldman 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 EDT

DA 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 EDT

Jefferies 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 EDT

JPMorgan 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

Truist on Best Buy (BBY): 'Another ~in-line qtr, tariff impact more muted, but still lacks momentum'

May 29, 2025 8:28 AM EDT

Truist 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 EDT

Barclays 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 EDT

Barclays 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

Electronics retailer Best Buy cuts annual forecasts on tariff uncertainty

May 29, 2025 7:13 AM EDT

By Savyata Mishra

(Reuters) - Best Buy slashed its full-year comparable sales and profit forecasts on Thursday amid concerns that U.S. tariffs would weigh on consumer demand for big-ticket items such as appliances, gaming consoles and home theaters.

American households are in limbo as they battle higher borrowing costs, with tariffs now fueling concerns of prices surging on everything from toys to groceries and sneakers.

Shares of the top U.S. electronics retailer were down 6% in early trading as... More

Best Buy (BBY) Tops Q1 EPS by 8c, Beats on Revenue; Offers FY26 EPS Guidance

May 29, 2025 7:03 AM EDT

Best 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

Best Buy earnings: Will Q1 benefit from pull forward demand?

May 28, 2025 8:00 PM EDT

Best Buy (NYSE: BBY) is set to report first-quarter earnings on May 29, and analysts see signs that consumer behavior ahead of tariff changes may have temporarily boosted results.

Citi raised its same-store sales (SSS) forecast to +1.7% and EPS to $1.20, citing strong high frequency data trends following Liberation Day and reports from warehouse clubs pointing to a... More

Best Buy (BBY) May 30 weekly option implied volatility elevated into quarter results

May 28, 2025 10:57 AM EDT

Best Buy (NYSE: BBY) May 30 weekly call option implied volatility is at 130, June is at 51; compared to its 52-week range of 22 to 77 into the expected release of quarter results before the bell on May 29.

... More

Best Buy (BBY) call put ratio 1 call to 2.1 puts into quarter results

May 28, 2025 5:44 AM EDT

Best Buy (NYSE: BBY) May 30 weekly 72 straddle priced for movement of 8.5% into the expected release of quarter results before the bell on May 29.

... More