<div id="readability-page-1"><p><span>Best Buy (NYSE:BBY - Get Free Report)</span>'s stock had its &#34;outperform&#34; rating restated by research analysts at Telsey Advisory Group in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $90.00 price target on the technology retailer's stock. Telsey Advisory Group's price objective suggests a potential upside of 24.29% from the company's current price.</p><ul><li>Retail’s Comeback: 3 High-ROIC Stocks That Could Outshine AI</li></ul><p>Several other research firms have also recently commented on BBY. Guggenheim  reaffirmed a &#34;buy&#34; rating and issued a $90.00 target price on shares of Best Buy in a research report on Tuesday, June 10th. Loop Capital dropped their target price on shares of Best Buy from $90.00 to $80.00 and set a &#34;buy&#34; rating for the company in a research report on Friday, May 30th. BNP Paribas raised shares of Best Buy to a &#34;hold&#34; rating in a research report on Friday, May 30th. UBS Group dropped their target price on shares of Best Buy from $95.00 to $90.00 and set a &#34;buy&#34; rating for the company in a research report on Friday, May 30th. Finally, Truist Financial raised their target price on shares of Best Buy from $64.00 to $69.00 and gave the stock a &#34;hold&#34; rating in a research report on Friday, May 30th. Eight investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one  has given a Sell rating to the company's stock. According to MarketBeat, the stock  has a consensus rating of &#34;Hold&#34; and a consensus target price of $85.72.</p><p><b>Read Our Latest Report on Best Buy</b></p><h2>Best Buy Trading Up 0.2%</h2><ul><li>Buffett’s $150B Bond Move: What It Really Means for Investors</li></ul><p>Shares of BBY opened at $72.4140 on Friday. The stock has a market capitalization of $15.30 billion, a P/E ratio of 17.71, a PEG ratio of 1.91 and a beta of 1.21. The company has a quick ratio of 0.32, a current ratio of 1.02 and a debt-to-equity ratio of 0.42. The firm has a fifty day simple moving average of $69.18 and a two-hundred day simple moving average of $71.96. Best Buy has a twelve month low of $54.99 and a twelve month high of $103.71. </p><p>Best Buy (NYSE:BBY - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The technology retailer reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.06. The business had revenue of $8.77 billion during the quarter, compared to analysts' expectations of $8.77 billion. Best Buy had a net margin of 2.13% and a return on equity of 46.40%. The firm's revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.20 EPS.  Best Buy has set its FY 2026 guidance at 6.150-6.300 EPS. On average, research analysts anticipate that  Best Buy will post 6.18 EPS for the current year. </p><h2>Insider Activity at Best Buy</h2><ul><li>3 Retail Giants React to Tariffs—What It Means for Consumers</li></ul><p>In other news, Chairman Richard M. Schulze sold 729,201 shares of Best Buy stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $72.95, for a total value of $53,195,212.95. Following the completion of the sale, the chairman directly owned 196,100 shares in the company, valued at $14,305,495. The trade was a 78.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.47% of the stock is owned by corporate insiders. </p><h2>Institutional Trading of Best Buy</h2><p>A number of large investors have recently made changes to their positions in BBY. LRI Investments LLC lifted its holdings in  Best Buy by 36.3% during the fourth quarter. LRI Investments LLC now owns 529 shares of the technology retailer's stock valued at $45,000 after purchasing an additional 141 shares in the last quarter.  Panagora Asset Management Inc. lifted its holdings in  Best Buy by 1.5% during the second quarter. Panagora Asset Management Inc. now owns 9,513 shares of the technology retailer's stock valued at $639,000 after purchasing an additional 144 shares in the last quarter.  Prosperity Consulting Group LLC lifted its holdings in  Best Buy by 6.4% during the fourth quarter. Prosperity Consulting Group LLC now owns 2,404 shares of the technology retailer's stock valued at $206,000 after purchasing an additional 145 shares in the last quarter.  Community Bank &amp; Trust Waco Texas lifted its holdings in  Best Buy by 0.5% during the first quarter. Community Bank &amp; Trust Waco Texas now owns 30,970 shares of the technology retailer's stock valued at $2,280,000 after purchasing an additional 145 shares in the last quarter.  Finally, MassMutual Private Wealth &amp; Trust FSB lifted its holdings in  Best Buy by 25.6% during the first quarter. MassMutual Private Wealth &amp; Trust FSB now owns 721 shares of the technology retailer's stock valued at $53,000 after purchasing an additional 147 shares in the last quarter. 80.96% of the stock is currently owned by institutional investors. </p><h2>About Best Buy</h2> (Get Free Report)<p>Best Buy Co, Inc engages in the retail of technology products in the United States, Canada, and international. Its stores provide computing and mobile phone products, such as desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions; networking products; tablets covering e-readers; smartwatches; and consumer electronics consisting of digital imaging, health and fitness products, portable audio comprising headphones and portable speakers, and smart home products, as well as home theaters, which includes home theater accessories, soundbars, and televisions.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Best Buy</li><li>When to Sell a Stock for Profit or Loss</li><li>Broadcom Named in Apple’s $100B U.S. Investment Plan</li><li>Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time</li><li>3 Reasons Salesforce Is a Bargain Right Now</li><li>Best Stocks Under $5.00</li><li>How ServiceNow Is Turning AI Strategy Into Real Revenue</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJCWQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJCWQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Best Buy Right Now?</h2><p>Before you consider Best Buy, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Best Buy wasn't on the list.</p><p>While Best Buy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Telsey Advisory Group has reaffirmed an "outperform" rating for Best Buy (NYSE:BBY) with a price target of $90.00, indicating a potential upside of 24.29%. Other firms have also provided ratings, with Guggenheim maintaining a "buy" rating at the same price target, while Loop Capital lowered its target to $80.00. Best Buy's stock opened at $72.41, with a market cap of $15.30 billion. The company reported $1.15 EPS for the last quarter, exceeding estimates, and has set FY 2026 guidance at 6.150-6.300 EPS.</p>

Telsey Advisory Group Reaffirms Outperform Rating for Best Buy (NYSE:BBY)