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Stocklytics Platform
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Instrument logo  BBY

Best Buy Co Inc

BBY
60 / 100
S&P500
$79.06arrow_drop_up3.41%$2.61

Financial Forecast

AI Price Prediction

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Analyst Ratings

Analyst ratings for this stock instrument are based on analysts' assumptions and should not be solely relied upon for financial decisions.

Best Buy Co Inc (BBY) Stocklytics Forecast

Best Buy Co Inc (BBY) is a well-known retail company that specializes in consumer electronics. As such, its stock price is subject to various predictions and forecasts from analysts and experts in the field. While it is impossible to accurately predict the future performance of any stock, especially in the volatile world of the stock market, some insights can be gained from analyzing trends and historical data. Investors and traders often look to these predictions to make informed decisions regarding their investment portfolios.

According to recent forecasts, Best Buy Co Inc (BBY) is expected to experience steady growth in the coming years. Analysts predict that the stock price will continue to rise in the near future, based on factors such as the company's strong financial performance, expansion into new markets, and innovative product offerings. The growing demand for consumer electronics, especially in the age of technology, is also expected to positively impact the company's stock price.

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Frequently Asked Questions

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What is the analyst price prediction for Best Buy Co Inc (BBY) stock?

Analysts have set a target price of $78.1 for Best Buy Co Inc (BBY), based on forecasts from 29 analysts. The predicted price range extends from a high of $90 to a low of $65. This represents a potential increase of up to 13.84% and a decrease of -17.78% from the current price of $79.06. These forecasts are as of 2023 May 18.

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What are the analyst ratings for Best Buy Co Inc (BBY) stock?

The analyst ratings for Best Buy Co Inc (BBY) are distributed as follows: 7 analysts recommend buying, 16 have a neutral stance, and 2 suggest selling. The prevailing sentiment among the total of 25 analysts leans towards a neutral rating. These ratings indicate the general sentiment among the analysts covering Best Buy Co Inc.

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What is the AI price prediction for Best Buy Co Inc (BBY) stock?

The AI price prediction model, leveraging machine-learning techniques, forecasts that Best Buy Co Inc (BBY) stock could reach $70.11 by 2024 Feb 29. This prediction indicates a potential price change of -11.32%. The forecast has a lifetime of 30 days, culminating on the target date provided. The prediction was made on 2024 Feb 01.

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