Stocklytics Platform
Asset logo for symbol BBY
Best Buy Co
BBY63
$87.36arrow_drop_up0.01%$0.01
S&P500
Asset logo for symbol BBY
BBY63

$87.36

arrow_drop_up0.01%

AI Deep-Learning Forecast (BBY)

Analyst Forecast

Period: Next 12 Months

Analyst Ratings

Best Buy Co (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 (BBY) stock?
Analysts have set a target price of $84.73 for Best Buy Co (BBY), based on forecasts from 30 analysts. The predicted price range extends from a high of $106 to a low of $65. This represents a potential increase of up to 21.34% and a decrease of -25.6% from the current price of $87.36. These forecasts are as of 2023 Nov 13.
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What are the analyst ratings for Best Buy Co (BBY) stock?
The analyst ratings for Best Buy Co (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 .
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What is the AI price prediction for Best Buy Co (BBY) stock?
At present, there is no AI or machine-learning-based price prediction available for Best Buy Co (BBY) stock. The lack of a forecast could stem from various factors, such as inadequate data or the necessity for model recalibration.
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