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

Several analysts have recently updated their ratings and price targets for Best Buy (NYSE: BBY):

• 11/9/2025 – Best Buy was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating.
• 11/7/2025 – Best Buy had its price target raised by analysts at Citigroup Inc. from $73.00 to $82.00. They now have a “neutral” rating on the stock.
• 11/7/2025 – Best Buy had its price target raised by analysts at Truist Financial Corporation from $72.00 to $79.00. They now have a “hold” rating on the stock.
• 11/4/2025 – Best Buy had its price target raised by analysts at Evercore ISI from $80.00 to $85.00.
• 11/1/2025 – Best Buy was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating.
• 10/18/2025 – Best Buy was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating.
• 10/8/2025 – Best Buy had its price target raised by analysts at Jefferies Financial Group Inc. from $88.00 to $95.00. They now have a “buy” rating on the stock.
• 10/8/2025 – Best Buy had its “hold (c)” rating reaffirmed by analysts at Weiss Ratings.
• 9/27/2025 – Best Buy had its “hold (c)” rating reaffirmed by analysts at Weiss Ratings.
• 9/16/2025 – Best Buy had its “hold” rating reaffirmed by analysts at Argus.
• 9/13/2025 – Best Buy was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating.

Best Buy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 4.9%. The ex-dividend date was Thursday, September 18th. Best Buy’s dividend payout ratio is presently 104.97%.

Insider Buying and Selling

In other Best Buy news, CAO Mathew Watson sold 2,018 shares of the firm’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $76.76, for a total transaction of $154,901.68. Following the transaction, the chief accounting officer owned 20,132 shares of the company’s stock, valued at approximately $1,545,332.32. This trade represents a 9.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Richard M. Schulze sold 74,553 shares of the stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $84.31, for a total value of $6,285,563.43. Following the sale, the chairman directly owned 11,451,911 shares of the company’s stock, valued at approximately $965,510,616.41. This represents a 0.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,736,826 shares of company stock valued at $141,568,327 in the last 90 days. Insiders own 0.47% of the company’s stock.

Best Buy Co, Inc engages in the retail of technology products in the United States, Canada, and international. Its stores provide computing and mobile phone products, such as desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions; networking products; tablets covering e-readers; smartwatches; and consumer electronics consisting of digital imaging, health and fitness products, portable audio comprising headphones and portable speakers, and smart home products, as well as home theaters, which includes home theater accessories, soundbars, and televisions.