Analyst Expectations for Best Buy Co's Future
Portfolio Pulse from Benzinga Insights
Analysts have recently rated Best Buy Co (NYSE:BBY) with 2 bullish and 9 indifferent ratings in the last quarter. The average price target is $74.73, slightly below its current price of $74.8, indicating a marginal downside. This target has decreased by 5.29% from the previous target of $78.90. Analyst ratings are opinions on stock performance and are updated quarterly, reflecting research on company financials and industry conditions.
December 11, 2023 | 6:00 pm
News sentiment analysis
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NEUTRAL IMPACT
Best Buy Co (BBY) has received mostly indifferent analyst ratings with a marginal downside implied by the average price target of $74.73, compared to its current price of $74.8. The price target has been lowered by 5.29% from the previous $78.90.
The average price target being marginally below the current stock price and the recent decrease in the target by 5.29% suggests a neutral to slightly negative short-term impact on BBY's stock price. However, the absence of bearish ratings indicates that the sentiment is not strongly negative.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100