Recent Research Analysts’ Ratings Updates for Best Buy (BBY)

Best Buy (NYSE: BBY) has recently received a number of price target changes and ratings updates:

• 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 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.
• 5/14/2026 – Best Buy had its price target lowered by Wells Fargo & Company from $70.00 to $60.00. They now have an “equal weight” rating on the stock.
• 5/12/2026 – Best Buy had its price target lowered by Citigroup Inc. from $69.00 to $60.00. They now have a “neutral” rating on the stock.
• 5/7/2026 – Best Buy was downgraded by Weiss Ratings from “hold (c)” to “hold (c-)”.
• 4/28/2026 – Best Buy had its price target raised by Wedbush from $7.00 to $8.00. They now have an “outperform” rating on the stock.
• 4/14/2026 – Best Buy was given a new $65.00 price target by Evercore Inc.
• 4/13/2026 – Best Buy was downgraded by The Goldman Sachs Group, Inc. from “buy” to “sell”. They now have a $59.00 price target on the stock.
• 3/31/2026 – Best Buy had its price target lowered by Evercore Inc from $75.00 to $70.00.

Best Buy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 18th will be given a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend is Thursday, June 18th. Best Buy’s dividend payout ratio is presently 76.19%.

Insider Transactions at Best Buy

In related news, CFO Matthew M. Bilunas sold 11,356 shares of the company’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $64.02, for a total value of $727,011.12. Following the transaction, the chief financial officer directly owned 76,884 shares of the company’s stock, valued at $4,922,113.68. This represents a 12.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jason J. Bonfig sold 6,336 shares of the company’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $64.02, for a total value of $405,630.72. Following the completion of the transaction, the executive vice president directly owned 79,137 shares in the company, valued at approximately $5,066,350.74. The trade was a 7.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 77,247 shares of company stock worth $4,945,353 over the last 90 days. Insiders own 0.47% of the company’s stock.

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.