Best Buy Co. (BBY) Stock Forecast for 2024–2028. Sell or Buy Prediction







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Best Buy Co. (BBY) Stock Forecast for 2024–2028. Sell or Buy?

Updated: July 27, 2024 (08:48)

Sector: Consumer cyclical

The share price of Best Buy Co., Inc. (BBY) now

Latest session on the 26th of July for
Best Buy Co., Inc. is negative
Trading Volume: 1734759
Open: 88.1 /  High: 88.7 /  Low: 86.778
What analysts predict: $89.35
52-week High/Low: $92.77 / $60.17

50/200 Day Moving Average: $83.72 / $76.44

This figure corresponds to the Average Price over the previous 50/200 days. For Best Buy Co. stocks, the 50-day moving average is the support level today.

For Best Buy Co. stocks, the 200-day moving average is the support level today.

Are you interested in Best Buy Co., Inc. stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Best Buy Co. stock price in 2024, 2025, 2026, 2027, 2028. How much will one Best Buy Co. share be worth in 2024 - 2028?

When should I take profit in Best Buy Co. stock? When should I record a loss on Best Buy Co. stock? What are analysts' forecasts for Best Buy Co. stock? What is the future of Best Buy Co. stock? We forecast Best Buy Co. stock performance using neural networks based on historical data on Best Buy Co. stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account.

Best Buy Co. stock prediction results are shown below and presented in the form of graphs, tables and text information, divided into time intervals. (Next month, 2024, 2025, 2026, 2027 and 2028) The final quotes of the instrument at the close of the previous trading day are a signal to adjust the forecasts for Best Buy Co. shares. This happens once a day.


Historical and forecast chart of Best Buy Co. stock

The chart below shows the historical price of Best Buy Co. stock and a prediction chart for the next month. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the Best Buy Co. stock price can be found in the table below.

Long-term forecasts by years.

Best Buy is an American company that owns a large chain of consumer electronics and related goods stores. It is part of the Fortune 1000, the largest consumer electronics retailer in the US and Canada. It was originally called Sound of Music, changing the name to the current one in 1983.

Best Buy Co. daily forecast for a month

Date Target Pes. Opt. Vol., %
Jul 29 89.64 88.71 90.66 2.20
Jul 30 89.41 88.40 90.19 2.02
Jul 31 87.81 86.85 88.78 2.22
Aug 01 86.48 85.58 87.21 1.90
Aug 02 87.74 87.16 89.02 2.13
Aug 03 87.18 86.41 88.12 1.98
Aug 04 87.58 86.76 88.21 1.68
Aug 05 87.35 86.67 87.81 1.31
Aug 06 87.27 86.41 88.44 2.34
Aug 07 87.84 86.53 88.30 2.05
Aug 08 86.96 86.36 87.85 1.73
Aug 09 87.16 85.80 88.06 2.64
Aug 10 86.58 85.54 87.41 2.19
Aug 11 86.77 85.56 88.16 3.04
Aug 12 88.47 87.07 89.09 2.32
Aug 13 87.83 86.62 88.66 2.35
Aug 14 88.47 87.44 88.93 1.70
Aug 15 87.85 87.20 88.69 1.71
Aug 16 87.44 86.32 87.83 1.74
Aug 17 88.04 87.37 88.97 1.83
Aug 18 88.48 87.91 89.47 1.77
Aug 19 89.29 87.90 89.65 1.99
Aug 20 89.86 89.09 90.57 1.65
Aug 21 90.42 89.50 91.07 1.76
Aug 22 91.99 90.91 92.60 1.86
Aug 23 91.09 90.36 92.08 1.90
Aug 24 89.85 88.54 90.57 2.29
Aug 25 89.48 88.24 90.59 2.66
Aug 26 89.03 88.37 90.45 2.36
Aug 27 88.96 88.41 90.36 2.21

Best Buy Co. Daily Price Targets


Best Buy Co. Stock Forecast 07-29-2024.

Forecast target price for 07-29-2024: $89.64.
Positive dynamics for Best Buy Co. shares will prevail with possible volatility of 2.155%.
Pessimistic target level: 88.71
Optimistic target level: 90.66

Best Buy Co. Stock Forecast 07-30-2024.

Forecast target price for 07-30-2024: $89.41.
Negative dynamics for Best Buy Co. shares will prevail with possible volatility of 1.983%.
Pessimistic target level: 88.40
Optimistic target level: 90.19

Best Buy Co. Stock Forecast 07-31-2024.

Forecast target price for 07-31-2024: $87.81.
Negative dynamics for Best Buy Co. shares will prevail with possible volatility of 2.176%.
Pessimistic target level: 86.85
Optimistic target level: 88.78

Best Buy Co. Stock Forecast 08-01-2024.

Forecast target price for 08-01-2024: $86.48.
Negative dynamics for Best Buy Co. shares will prevail with possible volatility of 1.864%.
Pessimistic target level: 85.58
Optimistic target level: 87.21

Best Buy Co. Stock Forecast 08-02-2024.

Forecast target price for 08-02-2024: $87.74.
Positive dynamics for Best Buy Co. shares will prevail with possible volatility of 2.089%.
Pessimistic target level: 87.16
Optimistic target level: 89.02

Best Buy Co. Stock Forecast 08-03-2024.

Forecast target price for 08-03-2024: $87.18.
Negative dynamics for Best Buy Co. shares will prevail with possible volatility of 1.939%.
Pessimistic target level: 86.41
Optimistic target level: 88.12

BBY (BBY) Monthly Stock Prediction for 2024

Month Target Pes. Opt. Vol., %
Aug. 96.77 90.38 104.75 13.72
Sep. 92.51 86.81 99.84 13.05
Oct. 88.44 83.28 94.28 11.66
Nov. 91.65 87.41 96.49 9.40
Dec. 86.81 80.51 91.97 12.46

Best Buy Co. forecast for this year


Best Buy Co. Stock Prediction for Aug 2024

An uptrend is forecast for this month with an optimal target price of $96.7663. Pessimistic: $90.38. Optimistic: $104.75


Best Buy Co. Stock Prediction for Sep 2024

An downtrend is forecast for this month with an optimal target price of $92.5086. Pessimistic: $86.81. Optimistic: $99.84


Best Buy Co. Stock Prediction for Oct 2024

An downtrend is forecast for this month with an optimal target price of $88.4382. Pessimistic: $83.28. Optimistic: $94.28


Best Buy Co. Stock Prediction for Nov 2024

An uptrend is forecast for this month with an optimal target price of $91.6485. Pessimistic: $87.41. Optimistic: $96.49


Best Buy Co. Stock Prediction for Dec 2024

An downtrend is forecast for this month with an optimal target price of $86.8095. Pessimistic: $80.51. Optimistic: $91.97



Best Buy Co. (BBY) Monthly Stock Prediction for 2025

Month Target Pes. Opt. Vol., %
Jan 85.66 78.69 89.90 12.47
Feb 82.46 75.48 89.17 15.36
Mar 85.00 79.30 91.36 13.20
Apr 80.70 77.50 82.47 6.03
May 84.87 80.30 92.25 12.95
Jun 88.61 86.17 91.14 5.45
Jul 88.12 81.53 91.90 11.29
Aug 86.37 79.72 90.93 12.33
Sep 86.56 84.66 89.99 5.93
Oct 90.56 86.68 92.85 6.65
Nov 86.38 78.87 91.13 13.45
Dec 85.52 81.57 90.13 9.50

Best Buy Co. (BBY) Monthly Stock Prediction for 2026

Month Target Pes. Opt. Vol., %
Jan 82.51 76.52 87.60 12.64
Feb 85.24 81.02 87.11 7.00
Mar 83.27 80.98 90.23 10.25
Apr 83.63 76.46 90.16 15.20
May 84.28 81.13 90.40 10.26
Jun 85.76 83.21 89.25 6.76
Jul 93.97 87.25 101.10 13.70
Aug 103.06 98.87 106.92 7.53
Sep 113.49 104.26 121.86 14.45
Oct 107.38 99.34 109.74 9.47
Nov 107.85 99.54 116.15 14.30
Dec 102.39 95.30 104.98 9.23

Best Buy Co. (BBY) Monthly Stock Prediction for 2027

Month Target Pes. Opt. Vol., %
Jan 95.97 92.28 99.88 7.61
Feb 100.83 94.17 103.93 9.39
Mar 100.50 93.97 106.46 11.73
Apr 109.34 101.04 113.19 10.73
May 113.19 105.34 122.65 14.11
Jun 117.92 112.47 121.55 7.47
Jul 120.51 114.95 123.30 6.77
Aug 126.48 117.85 134.55 12.41
Sep 123.84 118.80 129.56 8.31
Oct 121.38 113.11 127.79 11.49
Nov 108.70 99.49 114.20 12.88
Dec 108.10 103.58 111.43 7.04

Best Buy Co. (BBY) Monthly Stock Prediction for 2028

Month Target Pes. Opt. Vol., %
Jan 111.07 103.62 114.13 9.21
Feb 107.53 104.69 116.64 10.24
Mar 115.69 107.80 124.35 13.30
Apr 109.84 103.92 115.15 9.76
May 113.58 103.71 119.08 12.90
Jun 114.83 109.53 123.93 11.62
Jul 109.40 103.75 112.05 7.41
Aug 115.30 107.56 121.64 11.57
Sep 127.09 121.50 135.34 10.23
Oct 125.83 122.10 136.63 10.64
Nov 115.45 110.88 119.77 7.42
Dec 111.39 104.16 114.33 8.90

Best Buy Co. information and performance

Best Buy Co. Address

7601 PENN AVE SOUTH, RICHFIELD, MN, US

Market Capitalization: 18 842 618 000 $

Market capitalization of the Best Buy Co., Inc. is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of BBY shares in the company outstanding by the market price of one share.

EBITDA: 2 657 000 000 $

EBITDA of Best Buy Co. is earnings before interest, income tax and depreciation of assets.

PE Ratio: 15.32

P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit

PEG Ratio: 1.439

Price/earnings to growth

DPS: 3.7

Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.

DY: 0.043

Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.

EPS: 5.7

EPS shows how much of the net profit is accounted for by the common share.

Quarterly Earnings Growth YOY: 0.018
Quarterly Revenue Growth YOY: -0.065
Trailing PE: 15.32

Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.

Forward PE: 12.89

Forward P/E uses projections of future earnings instead of final numbers.

EV To Revenue: 0.445

Enterprise Value (EV) /Revenue

EV To EBITDA: 7.45

The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).

Shares Outstanding: 215714000

Number of issued ordinary shares

Shares Float: N/A

Number of freely tradable shares

Shares Short Prior Month: N/A

Shares Short Prior Month - the number of shares in short positions in the last month.

Short Ratio: N/A
Percent Insiders: N/A
Percent Institutions: N/A

Best Buy Co. (BBY) stock dividend

Best Buy Co. last paid dividends on 06/20/2024. The next scheduled payment will be on 07/11/2024. The amount of dividends is $3.7 per share. If the date of the next dividend payment has not been updated, it means that the issuer has not yet announced the exact payment. As soon as information becomes available, we will immediately update the data. Bookmark our portal to stay updated.

Last Split Factor:

Last Split Date: 01/01/1970

Splitting of shares is an increase in the number of securities of the issuing company circulating on the market due to a decrease in their value at constant capitalization.

For example, a 5: 1 ratio means that the value of one share will decrease 5 times, the total amount will increase 5 times. It is important to understand that this procedure does not change the capitalization of the company, as well as the total value of assets held in private hands.




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Disclaimer:

All forecast data on the site are provided for informational purposes of using neural forecasting tools in the financial market and are not a call to action and, moreover, are not trading signals. When using the forecast data, the investor assumes all financial risks. The pandaforecast.com portal is not responsible for the loss of your money in the stock market as a result of using the information contained on the site.