Jefferies Reaffirms Buy Rating on Best Buy with $88 Price Target

Jefferies has reaffirmed their Buy rating on Best Buy Co with a price target of $88.00. The company has a Moderate Buy analyst consensus and a price target consensus of $80.12. Best Buy Co has a one-year high of $103.71 and a one-year low of $54.99. Corporate insider sentiment is negative, with 49 insiders selling shares over the past quarter.

Jefferies has reaffirmed its Buy rating on Best Buy Co., Inc. (NYSE:BBY) with a price target of $88.00, according to the latest analyst report. The company's Moderate Buy analyst consensus and a price target consensus of $80.12 highlight the positive outlook among financial professionals. Best Buy Co., Inc. has shown resilience in its stock performance, reaching a one-year high of $103.71 and a one-year low of $54.99 [1].

The latest earnings report indicates that Best Buy Co., Inc. reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.06. The company's revenue for the quarter was $8.77 billion, aligning with analyst expectations. Additionally, Best Buy Co., Inc. has a debt-to-equity ratio of 0.42, a current ratio of 1.02, and a quick ratio of 0.32, indicating a strong financial position [1].

However, corporate insider sentiment remains negative, with 49 insiders selling shares over the past quarter. Chairman Richard M. Schulze sold 729,201 shares, representing a 78.81% decrease in his ownership of the stock. This insider activity could influence investor sentiment and stock performance [1].

Analysts have varying opinions on Best Buy Co., Inc.'s stock. Wells Fargo & Company, Telsey Advisory Group, Citigroup, Wedbush, and Loop Capital have set price targets ranging from $67.00 to $90.00, with ratings from "equal weight" to "buy." Despite the mixed ratings, the average rating is "Hold" with a consensus price target of $85.72 [1].

In summary, Jefferies' reaffirmation of the Buy rating on Best Buy Co., Inc. with a price target of $88.00 reflects a positive outlook among analysts. The company's recent financial performance and strong financial ratios support this positive sentiment. However, insider selling and varying analyst ratings suggest caution among investors.

References:
[1] https://www.marketbeat.com/instant-alerts/filing-machina-capital-sas-acquires-shares-of-14807-best-buy-co-inc-nysebby-2025-07-25/