
Best Buy (BBY) Stock Forecast & Price Target
Best Buy (BBY) Analyst Ratings
Bulls say
Best Buy Co. is the largest pure-play consumer electronics retailer in the U.S., with consolidated sales reaching over $41 billion in 2024 and an estimated 8% share of the North American market. The company has seen net sales increase by 1.6% year-over-year, surpassing expectations, with significant contributions from key categories such as gaming, computing, and mobile phones, while achieving improved SG&A leverage. Although there is an anticipated slight moderation in earnings for 2025, ongoing growth in higher-margin areas such as membership and advertising, alongside product innovation, positions Best Buy to return to solid growth in 2026 and beyond.
Bears say
Best Buy Co. reported consolidated sales exceeding $41 billion for 2024, holding a significant share of the North American consumer electronics market; however, recent performance metrics indicate underlying challenges. The company experienced a gross margin decline to 23.2%, which fell short of expectations due to an unfavorable product category mix, particularly in lower-margin segments such as gaming and computing. Looking forward, the consumer electronics market faces ongoing obstacles, including a sustained downturn in big-ticket discretionary goods and potential future risks from competition in e-commerce and operational execution issues, leading to a cautious outlook.
This aggregate rating is based on analysts' research of Best Buy and is not a guaranteed prediction by Public.com or investment advice.
Best Buy (BBY) Analyst Forecast & Price Prediction
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