Brokerage Firm Rating Update on Best Buy Co. (BBY)

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) : Average target price received by Best Buy Co. (BBY) is $37.63 with an expected standard deviation of $7.46. The most aggressive target on the stock is $45, whereas the most downbeat target is $21. 12 financial analysts are currently covering the stock.


Company shares have received an average consensus rating of Hold for the current week Also, In the latest statement by the brokerage house, UBS maintains its outlook on Best Buy Co. (NYSE:BBY). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm raises the price target from $33 per share to $38 per share. The rating by the firm was issued on August 24, 2016.

Best Buy Co. (NYSE:BBY): The stock opened at $38.31 and touched an intraday high of $38.639 on Wednesday. During the day, the stock corrected to an intraday low of $38.17, however, the bulls stepped in and pushed the price higher to close in the green at $38.59 with a gain of 0.92% for the day. The total traded volume for the day was 5,915,233. The stock had closed at $38.24 in the previous trading session.

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.

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