Analyst Rating Update on Best Buy Co. (BBY)

Best Buy Co. (BBY) : 14 analysts are covering Best Buy Co. (BBY) and their average rating on the stock is 2.5, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Best Buy Co. (BBY) : The highest short term price target forecast on Best Buy Co. (BBY) is $45 and the lowest target price is $21. A total of 12 equity analysts are currently covering the company. The average price of all the analysts is $33.04 with a standard deviation of $6.8.

Company shares have received an average consensus rating of Hold for the current week Also, Longbow Research initiates coverage on Best Buy Co. (NYSE:BBY). Longbow Research has a Neutral rating on the shares. The rating by the firm was issued on June 16, 2016.


Best Buy Co. (NYSE:BBY): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $32.65 and $32.02 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.47. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.41, notching a gain of 1.67% for the day. The total traded volume was 4,113,477 . The stock had closed at $32.86 on the previous day.

Best Buy Co., Inc. is a provider of technology products, services and solutions. The Company offers service to the consumers, small business owners and educators, who visit its stores, engage with Geek Squad agents or use its Websites or mobile applications. It has retail and online operations in the United States, Canada and Mexico. It operates through two segments: Domestic and International. The Domestic segment consists of all operations within the United States and its territories, operating e-commerce, retail store and call center operations under a range of brand names, including, Best Buy (, Best Buy Mobile, Geek Squad, Magnolia Audio Video and Pacific Sales. The International segment consists of all operations outside the United States and its territories. In addition, the Company operates Magnolia Home Theater, Magnolia Design Center and Pacific Kitchen and Home store-within-a-store experiences in the United States Best Buy stores.

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