Best Buy Co. (BBY) Receives ‘Analyst’ Rating

Best Buy Co. (BBY) : The consensus on Best Buy Co. (BBY) based on 14 analyst recommendation on the company stock is 2.64, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 8 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Best Buy Co. (BBY).

Best Buy Co. (BBY) : The highest level Best Buy Co. (BBY) is projected to reach is $45 for the short term and the lowest estimate is at $21. The consolidated price target from 12 rating analysts who initiate coverage on the stock is $37.63 and the possibility the share price can swing is $7.46.


Also, UBS maintains their rating on the shares of Best Buy Co. (NYSE:BBY). The current rating of the shares is Neutral. Equity Analysts at the Firm raises the price target to $38 per share from $33 per share. The rating by the firm was issued on August 24, 2016.

Best Buy Co. (NYSE:BBY): After opening at $37.48, the stock dipped to an intraday low of $37.22 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $37.96 and the buying power remained strong till the end. The stock closed at $37.68 for the day, a gain of 0.05% for the day session. The total traded volume was 4,556,488. The stocks close on the previous trading day was $37.66.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.