Wall Street analyst price targets, ratings consensus & upside potential · Updated Feb 28, 2026
Last 12 months price action with 12-month analyst target path
As of March 2, 2026, Best Buy Co., Inc. (BBY) has a Wall Street consensus price target of $78.50, based on estimates from 40 covering analysts. With the stock currently trading at $61.97, this represents a potential upside of +26.7%. The company has a market capitalization of $13.01B.
Analyst price targets range from a low of $70.00 to a high of $96.00, representing a 33% spread in expectations. The median target of $74.50 differs from the mean, suggesting potential outlier estimates.
The current analyst consensus rating is Hold, with 15 analysts rating the stock as a Buy or Strong Buy,20 rating it Hold, and 5 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, BBY trades at a trailing P/E of 14.5x and forward P/E of 9.9x. Analysts expect EPS to grow +106.8% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $71.42, with bear and bull scenarios of $56.06 and $145.85 respectively. Model confidence stands at 63/100, reflecting moderate uncertainty in projections.
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Start ComparisonThe consensus Wall Street price target for BBY is $78.5, representing 26.7% upside from the current price of $61.97. With 40 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
BBY has a consensus rating of "Hold" based on 40 Wall Street analysts. The rating breakdown is mixed, with 20 Hold ratings making up the largest segment. The consensus 12-month price target of $78.5 implies 26.7% upside from current levels.
With a forward P/E of 9.852x, BBY trades at a relatively low valuation. The consensus target of $78.5 implies 26.7% appreciation, suggesting meaningful undervaluation.
The most bullish Wall Street analyst has a price target of $96 for BBY, while the most conservative target is $70. The consensus of $78.5 represents the median expectation. Our quantitative valuation model projects a bull case target of $146 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
BBY is heavily covered by Wall Street, with 40 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 15 have Buy ratings, 20 recommend Hold, and 5 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month BBY stock forecast based on 40 Wall Street analysts shows a consensus price target of $78.5, with estimates ranging from $70 (bear case) to $96 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $71, with bear/bull scenarios of $56/$146.
Our quantitative valuation model calculates BBY's fair value at $71 (base case), with a bear case of $56 and bull case of $146. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 63/100.
BBY trades at a forward P/E ratio of 9.9x based on next-twelve-months earnings estimates compared to a trailing P/E of 14.5x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are very optimistic on BBY, with a "Hold" consensus rating and $78.5 price target (26.7% upside). 15 of 40 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
BBY analyst price targets range from $70 to $96, a 33% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $78.5 consensus represents the middle ground. Our model's $56-$146 range provides an independent fundamental perspective.