Best Buy Receives 'Hold' Rating from Analysts

Analysts cite mixed outlook for the consumer electronics retailer

Mar. 29, 2026 at 7:54am

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Best Buy Co., Inc. (NYSE:BBY) has received a consensus 'Hold' rating from 22 analysts covering the company, according to Marketbeat. The analysts' average 12-month price target for the stock is $76.20.

Why it matters

Best Buy is one of the largest consumer electronics retailers in North America, so its performance is seen as an indicator of broader trends in the industry. The 'Hold' rating suggests analysts have a mixed outlook on the company's near-term prospects.

The details

The analysts' ratings break down as follows: one 'Sell', 12 'Hold', and 9 'Buy'. Several brokerages have recently adjusted their price targets for Best Buy, with HSBC decreasing its target from $96 to $85 and Wells Fargo dropping its target from $75 to $70.

  • Best Buy reported its latest quarterly earnings on March 3, 2026.
  • The company's next quarterly dividend of $0.96 per share is scheduled to be paid on April 14, 2026.

The players

Best Buy Co., Inc.

A leading North American consumer electronics retailer that sells a broad range of products including computers, mobile phones, televisions, major appliances, and gaming hardware.

HSBC

A global financial services company that recently decreased its price target for Best Buy.

Wells Fargo & Company

A major U.S. bank that also lowered its price target for Best Buy.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

The takeaway

Best Buy's 'Hold' rating from analysts suggests the company faces a mixed outlook, with some concerns about near-term performance but also potential upside if it can navigate industry challenges. The stock's performance will be closely watched as a bellwether for the broader consumer electronics sector.