The Analyst Landscape: 10 Takes On Best Buy Co
Portfolio Pulse from Benzinga Insights
Best Buy Co (NYSE:BBY) was analyzed by 10 analysts, showing a consensus towards an 'Indifferent' rating with 9 out of 10 analysts giving such a rating in the last 30 days. The average 12-month price target is $73.8, down from $77.78, with a high estimate of $89.00 and a low of $65.00. Recent analyst actions include both raised and lowered price targets and ratings, reflecting mixed perceptions of Best Buy's current state. Best Buy reported $46.3 billion in fiscal 2023 sales and has seen a revenue decline of -7.85% as of October 31, 2023. The company's financial health is strong with a net margin of 2.7%, ROE of 9.31%, and ROA of 1.63%, and a debt-to-equity ratio of 1.43.
January 24, 2024 | 2:00 pm
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NEUTRAL IMPACT
Best Buy Co (NYSE:BBY) has a majority 'Indifferent' rating from analysts, with a downward adjustment in the average price target to $73.8. The company's strong financial health and market position may counterbalance the negative sentiment from the revenue decline and mixed analyst ratings.
The 'Indifferent' consensus among analysts and the reduction in the average price target suggest a neutral short-term impact on BBY's stock price. However, the company's strong financial metrics, such as net margin, ROE, and ROA, along with a low debt-to-equity ratio, provide a positive counterbalance that could support the stock price. The impact score is neutral (0) due to these opposing factors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100