Best Buy downgraded by Citigroup with a new price target
$BBY
Consumer Electronics/Video Chains
Consumer Discretionary
Citigroup downgraded Best Buy from Buy to Neutral and set a new price target of $70.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/29/2026 | $86.00 | Buy → Neutral | UBS |
| 5/29/2026 | $80.00 → $90.00 | Outperform | Telsey Advisory Group |
| 4/13/2026 | $59.00 | Buy → Sell | Goldman |
| 3/4/2026 | $95.00 → $80.00 | Outperform | Telsey Advisory Group |
| 2/2/2026 | $76.00 | Overweight → Neutral | Analyst |
| 11/26/2025 | $90.00 → $95.00 | Outperform | Telsey Advisory Group |
| 7/14/2025 | $75.00 | Overweight → Neutral | Piper Sandler |
| 5/23/2025 | $100.00 → $90.00 | Outperform | Telsey Advisory Group |
UBS downgraded Best Buy from Buy to Neutral and set a new price target of $86.00
Telsey Advisory Group reiterated coverage of Best Buy with a rating of Outperform and set a new price target of $90.00 from $80.00 previously
Goldman downgraded Best Buy from Buy to Sell and set a new price target of $59.00
4 - BEST BUY CO INC (0000764478) (Issuer)
4 - BEST BUY CO INC (0000764478) (Issuer)
4 - BEST BUY CO INC (0000764478) (Issuer)
As the exclusive national retailer, Best Buy brings next-generation TV technology from Samsung, Sony, LG, TCL and Hisense to stores The most significant advancement in TV technology in more than a decade is now available at Best Buy stores nationwide. Through exclusive partnerships with Samsung, Sony, LG, TCL and Hisense, Best Buy is the only national retailer where customers can shop RGB LED TVs and see color and brightness never before possible, from anywhere in the room. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260624489241/en/Best Buy introduces RGB LED TVs to stores nationwide, ushering new era of home theater The a
Matt Bilunas to step down on July 31 after 20 years with the company, including seven as CFOCompany is conducting an external search for a successor to partner with incoming CEO Jason BonfigBest Buy Co., Inc. (NYSE:BBY) today announced that Matt Bilunas will step down as Chief Financial Officer and depart the company at the end of July.Best Buy has engaged an external search firm for its next chief financial officer and expects to name a successor with previous CFO experience. Current CEO Corie Barry, who previously served as CFO, will provide financial oversight during the transition if needed."I am truly honored to have been part of this great company and grateful to those who have made a
Partnership transforms in-store screens into a premium programmatic channel; Demonstrating Perion's ability to capture share in the high-growth retail media vertical Perion (NASDAQ & TASE: PERI), a leader in advanced technology solving for the complexities of modern advertising, today announced a strategic partnership with Canada's largest Consumer Electronics omnichannel retailer, Best Buy Canada. The retailer has selected Perion as its end-to-end technology partner to power the monetization of its programmatic in-store digital signage network, creating one of the largest SSP-enabled Digital-Out-of-Home (DOOH) media networks in the Canadian market. Key Strategic Partnership Highlights
8-K - BEST BUY CO INC (0000764478) (Filer)
8-K - BEST BUY CO INC (0000764478) (Filer)
10-Q - BEST BUY CO INC (0000764478) (Filer)
4 - BEST BUY CO INC (0000764478) (Issuer)
Best Buy Co., Inc. has appointed Dylan Jadeja, the chief executive officer of Riot Games, to its Board of Directors, effective immediately. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251201489132/en/Dylan Jadeja (Credit: Riot Games, Inc.) Jadeja has served as the chief executive officer of Riot Games since July 2023 and has been a member of its executive team for more than a decade. Riot Games, a prominent video game developer and publisher, was founded in 2006 with the goal to create and support the most player-focused games in the world. One of the company's most well-known titles, "League of Legends," is a prime example of
Best Buy Co., Inc. (NYSE:BBY) has appointed Meghan Frank, a leading global retail and finance executive, to its Board of Directors, effective immediately. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250912374905/en/Meghan Frank (Credit: lululemon athletica inc.) Frank is the chief financial officer of lululemon, a global athletic apparel, footwear, and accessories company, and has held that role since Nov. 2020. In this role, Frank oversees finance, tax, treasury, investor relations, asset protection, facilities, planning and allocations, and strategy. Prior to her current role, she served as interim co-CFO beginning in April
Collaboration Aims to Drive Sustainability and Inspire the Next Generation of Innovators NEW YORK, April 8, 2024 /PRNewswire/ -- In an exciting new activation, Microsoft, Junk Kouture, and Best Buy have joined forces in driving eco-conscious habits, responsibly recycling old electronics, and a shared commitment to sustainability. The trio are amplifying and empowering the voices of New York's young creatives, offering them a platform to inspire nationwide recycling efforts, drive change in support of a brighter future, powered by the versatility of the Microsoft Surface Pro 9. The quest begins with high school students participating in the Junk Kouture program,
The Board of Directors of Best Buy Co., Inc. (NYSE:BBY) has authorized the payment of a regular quarterly cash dividend of $0.96 per common share. The quarterly dividend is payable on July 9, 2026, to shareholders of record as of the close of business on June 18, 2026. The company had 210,718,220 shares of common stock issued and outstanding as of May 2, 2026. View source version on businesswire.com: https://www.businesswire.com/news/home/20260528807140/en/ Investor Contact: Mollie O'Brien investorrelations@bestbuy.com Media Contact: Carly Charlson press@bestbuy.com
Comparable Sales Increased 2.0% Diluted EPS Increased 38% to $1.31 Adjusted Diluted EPS Increased 11% to $1.28 Reiterates FY27 Adjusted Diluted EPS Guidance of $6.30 to $6.60 Best Buy Co., Inc. (NYSE:BBY) today announced results for the 13-week first quarter ended May 2, 2026 ("Q1 FY27"), as compared to the 13-week first quarter ended May 3, 2025 ("Q1 FY26"). Q1 FY27 Q1 FY26 Revenue ($ in millions) Enterprise $ 8,936 $ 8,767 Domestic segment $ 8,249 $ 8,127 International segment $ 687 $ 640 E
The Board of Directors of Best Buy Co., Inc. (NYSE:BBY) has authorized the payment of a regular quarterly cash dividend of $0.96 per common share. The quarterly dividend is payable on April 14, 2026, to shareholders of record as of the close of business on March 24, 2026. The company had 209,100,703 shares of common stock issued and outstanding as of January 31, 2026. View source version on businesswire.com: https://www.businesswire.com/news/home/20260303466026/en/ Investor Contact: Mollie O'Brien investorrelations@bestbuy.com Media Contact: Carly Charlson press@bestbuy.com
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