Best Buy (NYSE:BBY) Stock Price Expected to Rise, BNP Paribas Exane Analyst Says

29 May 2026, 10:50 by Jessica Moore · The Cerbat Gem

Best Buy (NYSE:BBY – Get Free Report) had its price target hoisted by equities researchers at BNP Paribas Exane from $74.00 to $76.00 in a report issued on Friday,MarketScreener reports. The firm currently has a “neutral” rating on the technology retailer’s stock. BNP Paribas Exane’s target price suggests a potential upside of 1.17% from the stock’s current price.

A number of other brokerages also recently commented on BBY. UBS Group set a $86.00 price target on shares of Best Buy and gave the stock a “buy” rating in a report on Friday. Telsey Advisory Group set a $90.00 price target on Best Buy and gave the stock an “outperform” rating in a research note on Friday. Evercore set a $65.00 price objective on Best Buy in a report on Tuesday, April 14th. HSBC dropped their target price on Best Buy from $96.00 to $85.00 in a research note on Thursday, February 26th. Finally, DA Davidson set a $78.00 price target on Best Buy in a research note on Thursday, March 5th. Seven equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Best Buy has an average rating of “Hold” and a consensus target price of $78.60.

Check Out Our Latest Research Report on Best Buy

Best Buy Stock Up 0.5%

BBY stock opened at $75.12 on Friday. The company has a market cap of $15.83 billion, a P/E ratio of 14.86, a P/E/G ratio of 1.59 and a beta of 1.22. Best Buy has a 52 week low of $55.10 and a 52 week high of $84.99. The company’s 50-day moving average price is $61.99 and its 200 day moving average price is $66.80. The company has a current ratio of 1.11, a quick ratio of 0.43 and a debt-to-equity ratio of 0.39.

Best Buy (NYSE:BBY – Get Free Report) last posted its earnings results on Thursday, May 28th. The technology retailer reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.06. Best Buy had a return on equity of 49.17% and a net margin of 2.56%.The company had revenue of $8.94 billion for the quarter, compared to analyst estimates of $8.82 billion. During the same quarter in the prior year, the company earned $1.15 earnings per share. Best Buy’s revenue was up 1.9% compared to the same quarter last year. Best Buy has set its FY 2027 guidance at 6.300-6.600 EPS. On average, research analysts expect that Best Buy will post 6.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Mathew Watson sold 3,298 shares of Best Buy stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $64.02, for a total value of $211,137.96. Following the transaction, the chief accounting officer directly owned 23,192 shares in the company, valued at $1,484,751.84. The trade was a 12.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Matthew M. Bilunas sold 11,356 shares of the business’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $64.02, for a total value of $727,011.12. Following the sale, the chief financial officer directly owned 76,884 shares in the company, valued at $4,922,113.68. This trade represents a 12.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 77,247 shares of company stock valued at $4,945,353. 0.47% of the stock is currently owned by insiders.

Institutional Trading of Best Buy

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Best Buy by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 23,947,415 shares of the technology retailer’s stock valued at $1,810,904,000 after purchasing an additional 552,360 shares during the period. Concurrent Investment Advisors LLC increased its position in Best Buy by 100.6% in the 4th quarter. Concurrent Investment Advisors LLC now owns 70,280 shares of the technology retailer’s stock worth $4,704,000 after buying an additional 35,239 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Best Buy by 2.3% during the third quarter. Bank of New York Mellon Corp now owns 1,754,844 shares of the technology retailer’s stock worth $132,701,000 after buying an additional 39,026 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of Best Buy by 5.7% during the third quarter. Allianz Asset Management GmbH now owns 1,639,202 shares of the technology retailer’s stock worth $123,956,000 after buying an additional 89,057 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new stake in shares of Best Buy in the fourth quarter valued at approximately $1,741,000. 80.96% of the stock is owned by hedge funds and other institutional investors.

Best Buy News Summary

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

Positive Sentiment: Best Buy delivered a clean Q1 beat on earnings and revenue, with positive comparable sales growth and improving margins. Best Buy (BBY) Beats Earnings Expectations, Shares Climb 15.8%
Positive Sentiment: The company maintained its full-year guidance and issued Q2 sales guidance that came in better than expected, reinforcing confidence in the turnaround. Best Buy Reports First Quarter Results
Positive Sentiment: Analyst sentiment improved after the report, with Jefferies raising its price target to $89 and Morgan Stanley lifting its target to $80, signaling additional upside. Analyst price target updates for Best Buy
Neutral Sentiment: Unusual call option activity suggests traders are positioning for more volatility and continued momentum in BBY. Stock Traders Buy High Volume of Best Buy Call Options (NYSE:BBY)
Neutral Sentiment: Best Buy also announced a quarterly dividend of $0.96 per share, which may appeal to income-focused investors. Best Buy dividend announcement

Best Buy Company Profile

(Get Free Report)

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.