Summary:
- Best Buy (BBY, Financial) faces a stock downgrade from Citi, influenced by potential tariff impacts.
- Analyst projections suggest an average target price of $89.53, reflecting a significant potential upside.
- According to GuruFocus, Best Buy's estimated GF Value points to a 21.64% potential increase from its current stock price.
Best Buy Co. Inc.'s stock (NYSE: BBY) has recently experienced a decline after Citi reduced its rating from "Buy" to "Neutral." The downgrade stems from concerns about tariff impacts, potentially leading to increased product prices and affecting consumer spending behavior. This adjustment follows a series of similar downgrades from other analysts this month, highlighting the caution surrounding the stock.
Wall Street Analysts' Forecast
According to projections by 20 analysts, the one-year price target for Best Buy Co. Inc. (BBY, Financial) sits at an average of $89.53. Analysts have set a high estimate of $110.00 and a low estimate of $75.00. This range suggests a potential upside of 42.54% from the current stock price of $62.81. For those seeking more detailed data, further insights are available on the Best Buy Co. Inc. (BBY) Forecast page.
Among 29 brokerage firms, Best Buy's consensus recommendation is currently rated at 2.6, indicative of a "Hold" status. This rating scale ranges from 1 to 5, where 1 is a Strong Buy, and 5 denotes a Sell. Investors need to consider this "Hold" position in light of their investment strategies.
Evaluating Best Buy's GF Value
Based on GuruFocus estimates, the projected GF Value for Best Buy Co. Inc. (BBY, Financial) in one year is estimated at $76.40. This figure suggests an upside of 21.64% from the current price of $62.81. The GF Value is a proprietary measure from GuruFocus, representing the fair value of the stock, derived from historical trading multiples, past growth, and anticipated future performance. More comprehensive data is accessible on the Best Buy Co. Inc. (BBY) Summary page.
