What 7 Analyst Ratings Have To Say About Best Buy Co
Portfolio Pulse from Benzinga Insights
Seven analysts have provided ratings for Best Buy Co (NYSE:BBY) in the last quarter, with one bullish, five indifferent, and one bearish. The average price target is $77.14, which is lower than the current price of $78.54, implying a downside. This average has decreased by 5.93% from the previous average price target of $82.00.
August 21, 2023 | 5:00 pm
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NEGATIVE IMPACT
Analysts' average price target for Best Buy Co is lower than the current price, implying a potential downside.
The average price target given by analysts is an important indicator of a stock's potential future performance. In this case, the average price target for Best Buy Co is lower than its current price, which suggests that analysts believe the stock may decrease in value in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100