Best Buy
About: With over $41 billion in consolidated 2024 sales, Best Buy is the largest pure-play consumer electronics retailer in the US, boasting roughly 8% share of the North American market and around 33% share of offline sales in the region, per our calculations, CTA, and Euromonitor data. The firm generates the bulk of its sales in-store, with mobile phones and tablets, computers, and appliances representing its three largest categories. Recent investments in e-commerce fulfillment, accelerated by the covid pandemic, have seen the US e-commerce channel roughly double from prepandemic levels, with management estimating that it will represent a mid-30% proportion of sales moving forward.
Employees: 85,000
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
15% more repeat investments, than reductions
Existing positions increased: 320 | Existing positions reduced: 278
1.13% more ownership
Funds ownership: 84.18% [Q1] → 85.31% (+1.13%) [Q2]
6% more first-time investments, than exits
New positions opened: 117 | Existing positions closed: 110
1% less funds holding
Funds holding: 806 [Q1] → 800 (-6) [Q2]
7% less capital invested
Capital invested by funds: $13.1B [Q1] → $12.1B (-$952M) [Q2]
26% less call options, than puts
Call options by funds: $284M | Put options by funds: $385M
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
JP Morgan
Christopher Horvers
|
$89
|
Overweight
Maintained
|
29 Aug 2025 |
Wedbush
Alicia Reese
|
$75
|
Neutral
Maintained
|
29 Aug 2025 |
Guggenheim
Steven Forbes
|
$90
|
Buy
Reiterated
|
29 Aug 2025 |
Wells Fargo
Zachary Fadem
|
$75
|
Equal-Weight
Maintained
|
29 Aug 2025 |
Barclays
Seth Sigman
|
$74
|
Equal-Weight
Maintained
|
29 Aug 2025 |
Truist Securities
Scot Ciccarelli
|
$72
|
Hold
Maintained
|
29 Aug 2025 |
Evercore ISI Group
Greg Melich
|
$77
|
In-Line
Maintained
|
29 Aug 2025 |
B of A Securities
Elizabeth Suzuki
|
$60
|
Underperform
Maintained
|
29 Aug 2025 |
Telsey Advisory Group
Joseph Feldman
|
$90
|
Outperform
Maintained
|
29 Aug 2025 |
Piper Sandler
Peter Keith
|
$75
|
Neutral
Downgraded
|
14 Jul 2025 |
Financial journalist opinion
Based on 48 articles about BBY published over the past 30 days