Best Buy (BBY) – Research Analysts’ Weekly Ratings Changes

A number of firms have modified their ratings and price targets on shares of Best Buy (NYSE: BBY) recently:

• 7/20/2026 – Best Buy was downgraded by Wall Street Zen from “buy” to “hold”.
• 7/13/2026 – Best Buy was downgraded by Loop Capital from “buy” to “hold”. They now have a $82.00 price target on the stock.
• 7/12/2026 – Best Buy was upgraded by Wall Street Zen from “hold” to “buy”.
• 7/4/2026 – Best Buy was downgraded by Wall Street Zen from “buy” to “hold”.
• 6/24/2026 – Best Buy had its price target lowered by Loop Capital from $85.00 to $82.00. They now have a “buy” rating on the stock.
• 6/22/2026 – Best Buy had its “sector weight” rating reaffirmed by KeyCorp.
• 6/22/2026 – Best Buy had its “buy” rating reaffirmed by DA Davidson. They now have a $90.00 price target on the stock.
• 6/20/2026 – Best Buy was upgraded by Wall Street Zen from “hold” to “buy”.
• 6/11/2026 – Best Buy was upgraded by Weiss Ratings from “hold (c-)” to “hold (c)”.
• 6/2/2026 – Best Buy had its price target raised by Daiwa Securities Group Inc. from $68.00 to $77.00. They now have a “neutral” rating on the stock.
• 5/29/2026 – Best Buy was given a new $90.00 price target by Telsey Advisory Group. They now have an “outperform” rating on the stock.
• 5/29/2026 – Best Buy had its “neutral” rating reaffirmed by UBS Group AG. They now have a $86.00 price target on the stock, up from $85.00.
• 5/29/2026 – Best Buy was downgraded by UBS Group AG from “buy” to “hold”. They now have a $86.00 price target on the stock.
• 5/29/2026 – Best Buy had its “buy” rating reaffirmed by DA Davidson. They now have a $78.00 price target on the stock.
• 5/29/2026 – Best Buy had its “buy” rating reaffirmed by Guggenheim. They now have a $90.00 price target on the stock.
• 5/29/2026 – Best Buy had its price target raised by The Goldman Sachs Group, Inc. from $59.00 to $62.00. They now have a “sell” rating on the stock.
• 5/29/2026 – Best Buy had its price target raised by Loop Capital from $75.00 to $85.00. They now have a “buy” rating on the stock.
• 5/29/2026 – Best Buy had its price target raised by JPMorgan Chase & Co. from $76.00 to $84.00. They now have a “neutral” rating on the stock.
• 5/29/2026 – Best Buy had its price target raised by Citigroup Inc. from $60.00 to $79.00. They now have a “neutral” rating on the stock.
• 5/29/2026 – Best Buy had its price target raised by Evercore Inc from $65.00 to $85.00.
• 5/29/2026 – Best Buy had its price target raised by Wedbush from $70.00 to $75.00. They now have a “neutral” rating on the stock.
• 5/29/2026 – Best Buy had its price target raised by Truist Financial Corporation from $66.00 to $81.00. They now have a “hold” rating on the stock.
• 5/29/2026 – Best Buy had its price target raised by BNP Paribas Exane from $74.00 to $76.00. They now have a “neutral” rating on the stock.
• 5/29/2026 – Best Buy had its price target raised by Morgan Stanley from $72.00 to $80.00. They now have an “equal weight” rating on the stock.
• 5/28/2026 – Best Buy had its “neutral” rating reaffirmed by Piper Sandler. They now have a $77.00 price target on the stock.
• 5/28/2026 – Best Buy had its price target raised by Wells Fargo & Company from $60.00 to $65.00. They now have an “equal weight” rating on the stock.
• 5/28/2026 – Best Buy had its price target raised by Jefferies Financial Group Inc. from $83.00 to $89.00. They now have a “buy” rating on the stock.
• 5/26/2026 – Best Buy had its “buy” rating reaffirmed by UBS Group AG. They now have a $85.00 price target on the stock.

Best Buy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th were issued a $0.96 dividend. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $3.84 annualized dividend and a dividend yield of 4.5%. Best Buy’s dividend payout ratio is currently 71.11%.

Insider Buying and Selling

In related news, CAO Mathew Watson sold 1,784 shares of Best Buy stock in a transaction on Friday, May 29th. The stock was sold at an average price of $73.80, for a total transaction of $131,659.20. Following the sale, the chief accounting officer directly owned 21,630 shares in the company, valued at approximately $1,596,294. This trade represents a 7.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Richard M. Schulze sold 224,705 shares of the business’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $78.10, for a total value of $17,549,460.50. Following the completion of the transaction, the chairman directly owned 10,430,936 shares in the company, valued at approximately $814,656,101.60. This represents a 2.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,002,134 shares of company stock valued at $77,283,527 over the last ninety days. 0.50% of the stock is currently owned by company insiders.

Best Buy Co, Inc is a leading North American consumer electronics retailer that sells a broad range of products including computers, mobile phones, televisions and home theater systems, major appliances, smart-home devices, gaming hardware and software, wearables and related accessories. The company operates through a mix of large-format stores, smaller specialty locations and an e-commerce platform, offering national and private-brand merchandise from major consumer-technology manufacturers as well as third-party sellers.

Beyond product retailing, Best Buy provides a suite of services aimed at installation, repair and ongoing technical support.