These Analysts Revise Their Forecasts On Best Buy After Q1 Results

Benzinga

05/31

Best Buy Co Inc (NYSE:BBY) posted downbeat results for the first quarter.

The company’s first-quarter sales fell around 1% (comparable sales fell 0.7%) year over year to $8.77 billion. It missed the analyst consensus estimate of $9.22 billion. Best Buy reported adjusted earnings of $1.15, missing the consensus of $1.31.

Best Buy lowered its fiscal 2026 adjusted earnings from $6.20-$6.60 per share to $6.15-$6.30 per share versus consensus of $6.13 per share. The company lowered its sales guidance from $41.4 billion to $42.2 billion to $41.1 billion to $41.9 billion. The consensus hovers around $41.44 billion.

Best Buy shares fell 0.5% to trade at $65.98 on Friday.

These analysts made changes to their price targets on Best Buy following earnings announcement.

Wells Fargo analyst Zachary Fadem maintained Best Buy with an Equal-Weight rating and lowered the price target from $75 to $67.
Wedbush analyst Alicia Reese maintained the stock with a Neutral and lowered the price target from $75 to $70.
UBS analyst Michael Lasser maintained Best Buy with a Buy and lowered the price target from $95 to $90.
Barclays analyst Seth Sigman maintained the stock with an Equal-Weight rating and lowered the price target from $89 to $74.
Piper Sandler analyst Peter Keith maintained Best Buy with an Overweight rating and lowered the price target from $92 to $82.
Truist Securities analyst Scot Ciccarelli maintained the stock with a Hold and raised the price target from $64 to $69.

Considering buying BBY stock? Here’s what analysts think:

Read This Next:

Top 3 Materials Stocks That Could Blast Off This Month

Photo via Shutterstock

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It missed the analyst consensus estimate of $9.22 billion. Best Buy reported adjusted earnings of $1.15, missing the consensus of $1.31.</p>\n<p>Best Buy lowered its fiscal 2026 adjusted earnings from $6.20-$6.60 per share to $6.15-$6.30 per share versus consensus of $6.13 per share. The company lowered its sales guidance from $41.4 billion to $42.2 billion to $41.1 billion to $41.9 billion. The consensus hovers around $41.44 billion.</p>\n<p>Best Buy shares fell 0.5% to trade at $65.98 on Friday.</p>\n<p>These analysts made changes to their price targets on Best Buy following earnings announcement.</p>\n<ul>\n<li>Wells Fargo analyst Zachary Fadem maintained Best Buy with an Equal-Weight rating and lowered the price target from $75 to $67.</li>\n<li>Wedbush analyst Alicia Reese maintained the stock with a Neutral and lowered the price target from $75 to $70.</li>\n<li>UBS analyst Michael Lasser maintained Best Buy with a Buy and lowered the price target from $95 to $90.</li>\n<li>Barclays analyst Seth Sigman maintained the stock with an Equal-Weight rating and lowered the price target from $89 to $74.</li>\n<li>Piper Sandler analyst Peter Keith maintained Best Buy with an Overweight rating and lowered the price target from $92 to $82.</li>\n<li>Truist Securities analyst Scot Ciccarelli maintained the stock with a Hold and raised the price target from $64 to $69.</li>\n</ul>\n<p><strong>Considering buying BBY stock? Here’s what analysts think:</strong> </p>\n<figure><img decoding=\"async\" height=\"584\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30124655/image-417-1024x584.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30124655/image-417-1024x584.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30124655/image-417-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30124655/image-417-768x438.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30124655/image-417.png 1102w\" width=\"1024\"/></figure>\n<p><strong>Read This Next: </strong></p>\n<ul>\n<li><strong>Top 3 Materials Stocks That Could Blast Off This Month</strong></li>\n</ul>\n<p>Photo via Shutterstock</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>These Analysts Revise Their Forecasts On Best Buy After Q1 Results</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThese Analysts Revise Their Forecasts On Best Buy After Q1 Results\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2025-05-31 00:49</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p><strong>Best Buy Co Inc</strong> (NYSE:BBY) posted downbeat results for the first quarter.</p>\n<p>The company’s first-quarter sales fell around 1% (comparable sales fell 0.7%) year over year to $8.77 billion. It missed the analyst consensus estimate of $9.22 billion. Best Buy reported adjusted earnings of $1.15, missing the consensus of $1.31.</p>\n<p>Best Buy lowered its fiscal 2026 adjusted earnings from $6.20-$6.60 per share to $6.15-$6.30 per share versus consensus of $6.13 per share. The company lowered its sales guidance from $41.4 billion to $42.2 billion to $41.1 billion to $41.9 billion. The consensus hovers around $41.44 billion.</p>\n<p>Best Buy shares fell 0.5% to trade at $65.98 on Friday.</p>\n<p>These analysts made changes to their price targets on Best Buy following earnings announcement.</p>\n<ul>\n<li>Wells Fargo analyst Zachary Fadem maintained Best Buy with an Equal-Weight rating and lowered the price target from $75 to $67.</li>\n<li>Wedbush analyst Alicia Reese maintained the stock with a Neutral and lowered the price target from $75 to $70.</li>\n<li>UBS analyst Michael Lasser maintained Best Buy with a Buy and lowered the price target from $95 to $90.</li>\n<li>Barclays analyst Seth Sigman maintained the stock with an Equal-Weight rating and lowered the price target from $89 to $74.</li>\n<li>Piper Sandler analyst Peter Keith maintained Best Buy with an Overweight rating and lowered the price target from $92 to $82.</li>\n<li>Truist Securities analyst Scot Ciccarelli maintained the stock with a Hold and raised the price target from $64 to $69.</li>\n</ul>\n<p><strong>Considering buying BBY stock? Here’s what analysts think:</strong> </p>\n<figure><img decoding=\"async\" height=\"584\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30124655/image-417-1024x584.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30124655/image-417-1024x584.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30124655/image-417-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30124655/image-417-768x438.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30124655/image-417.png 1102w\" width=\"1024\"/></figure>\n<p><strong>Read This Next: </strong></p>\n<ul>\n<li><strong>Top 3 Materials Stocks That Could Blast Off This Month</strong></li>\n</ul>\n<p>Photo via Shutterstock</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4076","symbol_name":"电脑与电子产品零售","start_time":0,"source_url":"https://www.benzinga.com/cannabis/25/05/45700069/these-analysts-revise-their-forecasts-on-best-buy-after-q1-results","article_id":"2539658271","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2539658271","pubTimestamp":1748623746,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":" ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4076":"电脑与电子产品零售","LU0942090050.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD)  INC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0868494708.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) INC","BBY":"百思买","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","BK4588":"碎股","BK4585":"ETF&股票定投概念","BK4567":"ESG概念"},"translate_title":"这些分析师在第一季度业绩公布后修改了对百思买的预测","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BBY":1},"content_text":"Best Buy Co Inc (NYSE:BBY) posted downbeat results for the first quarter.\nThe company’s first-quarter sales fell around 1% (comparable sales fell 0.7%) year over year to $8.77 billion. It missed the analyst consensus estimate of $9.22 billion. Best Buy reported adjusted earnings of $1.15, missing the consensus of $1.31.\nBest Buy lowered its fiscal 2026 adjusted earnings from $6.20-$6.60 per share to $6.15-$6.30 per share versus consensus of $6.13 per share. The company lowered its sales guidance from $41.4 billion to $42.2 billion to $41.1 billion to $41.9 billion. The consensus hovers around $41.44 billion.\nBest Buy shares fell 0.5% to trade at $65.98 on Friday.\nThese analysts made changes to their price targets on Best Buy following earnings announcement.\n\nWells Fargo analyst Zachary Fadem maintained Best Buy with an Equal-Weight rating and lowered the price target from $75 to $67.\nWedbush analyst Alicia Reese maintained the stock with a Neutral and lowered the price target from $75 to $70.\nUBS analyst Michael Lasser maintained Best Buy with a Buy and lowered the price target from $95 to $90.\nBarclays analyst Seth Sigman maintained the stock with an Equal-Weight rating and lowered the price target from $89 to $74.\nPiper Sandler analyst Peter Keith maintained Best Buy with an Overweight rating and lowered the price target from $92 to $82.\nTruist Securities analyst Scot Ciccarelli maintained the stock with a Hold and raised the price target from $64 to $69.\n\nConsidering buying BBY stock? Here’s what analysts think: \n\nRead This Next: \n\nTop 3 Materials Stocks That Could Blast Off This Month\n\nPhoto via Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}