Argus Research Keeps Best Buy Rating at Hold Amidst Challenges.

Argus Research Keeps Best Buy Rating at Hold Amidst Challenges.

On September 12, 2025, Argus Research maintained its rating on Best Buy Co., Inc. (BBY) at Hold, despite recent analyst upgrades and increased institutional holdings. This decision comes amidst a mixed bag of analyst ratings and significant insider selling.

Argus Research analyst Bill Selesky kept the rating unchanged, reflecting a cautious stance on the company's recent performance and future prospects. The rating was initially upgraded to Hold from Hold in July 2025, indicating a neutral outlook on the stock's potential. This decision was influenced by the company's mixed earnings reports and ongoing challenges in the retail sector.

Several other analysts have recently upgraded their ratings on Best Buy. For instance, Mizuho Financial Group raised its rating to Outperform in July 2025, while Wells Fargo maintained its Overweight rating and increased its price target. However, these upgrades have not been enough to sway Argus Research into a more favorable rating.

Fred Alger Management LLC, a prominent institutional investor, increased its holdings in Best Buy by 22.4% during the first quarter of 2025, acquiring an additional 8,429 shares. This move suggests confidence in the company's long-term prospects, despite the neutral rating from Argus Research. Several other hedge funds have also increased their positions in Best Buy, indicating a positive outlook from institutional investors.

However, insider selling has been significant in recent months. CAO Mathew Watson and Chairman Richard M. Schulze have sold a combined total of 201,833 shares, worth approximately $14.94 million. This significant insider selling could indicate concerns about the company's future performance, despite the positive analyst upgrades and increased institutional holdings.

Best Buy's stock performance has been mixed in recent months. The stock traded down $2.50 during midday trading on September 12, 2025, reaching $75.96. The stock has a 12-month low of $54.99 and a 12-month high of $103.48. The firm's 50-day moving average price is $71.19, and its 200-day moving average price is $70.37. The stock has a market capitalization of $15.96 billion, a PE ratio of 20.98, and a P/E/G ratio of 2.06.

Argus Research's decision to keep the rating at Hold reflects a balanced view of Best Buy's recent performance and future prospects. While the company has shown signs of improvement, the analyst's cautious stance is likely a response to ongoing challenges in the retail sector and mixed earnings reports. The continued interest from institutional investors suggests that there is still optimism about Best Buy's long-term prospects, despite the neutral rating from Argus Research.

References
Argus Research Upgrades Air Products (APD) Rating to Buy | APD Stock News^[1] https://www.gurufocus.com/news/3105879/argus-research-upgrades-air-products-apd-rating-to-buy-apd-stock-news
Fred Alger Management LLC Purchases 8,429 Shares of Best Buy Co., Inc. $BBY^[2] https://www.marketbeat.com/instant-alerts/filing-fred-alger-management-llc-buys-8429-shares-of-best-buy-co-inc-bby-2025-09-10/