Buy, Sell or Hold: Best Buy Company Inc (BBY-N)

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Best Buy Company Inc (BBY-N)

NYSE:BBY

67.66

0.41 (0.60%) 1d

Nervous markets await Nvidia

Investor Insights

This summary was created by AI, based on 1 opinions in the last 12 months.

Best Buy Company Inc. (BBY) is preparing for its upcoming earnings report amidst a challenging period for its stock price. The current struggles can be attributed in part to stagnation in the housing market, which affects consumer spending on home electronics. Nevertheless, there is optimism that Best Buy will be positively impacted by the anticipated surge in PC sales, particularly as the integration of artificial intelligence becomes more prevalent. This transition is expected to usher in what may be the most significant PC-refresh cycle ever seen, providing a potential boost to the company's financial performance. Therefore, while the short-term outlook may appear mixed, the company's long-term prospects remain promising, especially if it can capitalize on AI advancements.

Consensus

Positive

Valuation

Fair Value

Similar

Walmart Inc, WMT-N

COMMENT

It reports Thursday. Shares have been struggling, but Best Buy will benefit if the next wave of PCs integrate AI--this should be the biggest PC-refresh cycle in history. BBY is hurt by a lack of turnover in housing.

BUY

The PC refresh cycle will start in July and will drive BBY higher. Go long on this.

WEAK BUY

It reports Thursday and it may not be that good, but Nvidia's Jensen Huang forecasts a new PC cycle. People buy PCs from BBY. Maybe buy BBY after this quarter.

DON'T BUY

Reports this week. Electronics has been tough this past year, thought he thinks PC sales are bottoming. Despite paying a 5.5% dividend. Expect 1-2 more quarters of soft sales before this turns around.

COMMENT

They've had seven quarters of declining sales. When this reports, will BB get a Target-like market reaction (low expectations, beats, so a strong rally) or will BB get Amazon'd?

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Nov 17/22, Up 0.5%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with BBY has triggered its stop at $70. To remain disciplined, we recommend covering the position at this time. This will result in a net investment gain of 11%, when combined with our previous recommendations.

DON'T BUY

Made a ton of money during the pandemic. One of the better-run retailers, but can't see how this is a competitive advantage over the long term. Challenging times ahead with e-commerce everywhere, so he'd rather own the WMTs and AMZNs of the world.

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Nov 17/22, Up 23.5%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with BBY has achieved its $86.00 objective. To remain disciplined, we recommend covering half the position at this time and trailing up the stop-loss (from $62.50) to $70.00.

BUY

She owns little retail. Her expectations for BB were so low, like a decline in same-store sales (10.5% decline this quarter, in fact) vs. expectations of a 13% decline. Better than expects, though it's not great. BB is used to managing their consumer electronics inventory, so BB's margins will be hindered compared to Target and Walmart are not as disciplined in managing their electronics inventory. So, there'll be compression in BB stores from promotional activity. Note: computer revenues this quarter are up 23% from Q4 2019, so consumer demand is still there, not dead. Don't forget the power of seasonal spending--and we're on the cusp of holiday spending. This bdoes well for November and December comps.

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O'Reilly We reiterate BBY as a TOP PICK. The company has worked hard to streamline inventory systems, expand e-sales, and even leased out floor space to major brands to adjust growing inflationary pressure. It has inventory to supply gaming consoles and other key products heading into the holiday period. The stock trades at 9x earnings compared to peers at 36x. It pays a good dividend (which has grown for 18 consecutive years) and is backed by a payout ratio under 50% of cash flow. We recommend trailing up the stop-loss (from $50.00) to $62.50, looking to achieve $86 - upside over 26%. Yield 4.6% (Analysts’ price target is $86.13)

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O'Reilly Despite doom and gloom with inflation and a slow down in consumer spending, recently reported earnings beat expectations by 15% and boast a ROE of 58%. The company has worked hard to streamline inventory systems, expand e-sales, and even leased out floor space to major brands to adjust. The stock trades at 10x earnings compared to peers at 30x. It pays a good dividend, backed by a payout ratio under 30% of cash flow. We recommend placing a stop loss at $50, looking to achieve $86 - upside over 20%. Yield 4.95% (Analysts’ price target is $86.13)

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TOP PICK

Best Buy is a leading provider of technology products, services and solutions. The company offers expert service at an unbeatable price more than 1.5 billion times a year to the consumers, small business owners and educators who visit our stores, engage with Geek Squad agents or use BestBuy.com or the Best Buy app. The company has operations in the U.S and Canada, where more than 70 percent of the population lives within 15 minutes of a Best Buy store, as well as in Mexico where Best Buy has a physical and online presence. Social media mentions are up 1050% in the past 24h.

BUY

AHY: Accidental high-yielding stocks that have fallen so far that their dividends now pay huge. He's gun-shy retail, and BB has plunged from $142 last November to $85 today. Pays a 4.16% yield. Their near-term numbers are less than ideal, but managers have announced positive guidance through more services. Trades at only 8x earnings, maybe the cheapest ever. Shares are so low they are de-risked.

DON'T BUY

It reports Thursday. It got punished last time by reporting smaller margins due to supply shortages. But he expects them to turn it around. They're well run. However, people won't buy big TVs, because they'll be travelling instead. There are better stocks.

BUY

It's all right. Pays a 3% yield. They'll have a good quarter. Some feel that we've bought all the computing equipment we need to work from home, but that's wrong. He's puzzled why shares are below $100. Should be higher. Good balance sheet and great supply chain.

Showing 1 to 15 of 59 entries

Best Buy Company Inc(BBY-N) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Best Buy Company Inc is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Best Buy Company Inc(BBY-N) Frequently Asked Questions

What is Best Buy Company Inc stock symbol?

Best Buy Company Inc is a American stock, trading under the symbol BBY-N on the New York Stock Exchange (BBY). It is usually referred to as NYSE:BBY or BBY-N

Is Best Buy Company Inc a buy or a sell?

In the last year, there was no coverage of Best Buy Company Inc published on Stockchase.

Is Best Buy Company Inc a good investment or a top pick?

Best Buy Company Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Best Buy Company Inc.

Why is Best Buy Company Inc stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Best Buy Company Inc worth watching?

0 stock analysts on Stockchase covered Best Buy Company Inc In the last year. It is a trending stock that is worth watching.

What is Best Buy Company Inc stock price?

On 2025-05-05, Best Buy Company Inc (BBY-N) stock closed at a price of $67.66.

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Best Buy Company Inc (BBY-N)

NYSE:BBY

Best Buy Company Inc(BBY-N)

Best Buy Company Inc(BBY-N)

Best Buy Company Inc(BBY-N)

Best Buy Company Inc(BBY-N)

Best Buy Company Inc(BBY-N)

This is a Panic-proof Portfolio opinion which is available only for Premium members

Best Buy Company Inc(BBY-N)

Best Buy Company Inc(BBY-N)

This is a Panic-proof Portfolio opinion which is available only for Premium members

Best Buy Company Inc(BBY-N)

Best Buy Company Inc(BBY-N)

This is a Panic-proof Portfolio opinion which is available only for Premium members

Best Buy Company Inc(BBY-N)

This is a Panic-proof Portfolio opinion which is available only for Premium members

Best Buy Company Inc(BBY-N)

🔒 Premium Content Alert – This buzzing stock opinion is accessible only to Premium members

Best Buy Company Inc(BBY-N)

Best Buy Company Inc(BBY-N)

Best Buy Company Inc(BBY-N)

Best Buy Company Inc(BBY-N)

Best Buy Company Inc(BBY-N) Rating

Best Buy Company Inc(BBY-N) Frequently Asked Questions

What is Best Buy Company Inc stock symbol?

Is Best Buy Company Inc a buy or a sell?

Is Best Buy Company Inc a good investment or a top pick?

Why is Best Buy Company Inc stock dropping?

Is Best Buy Company Inc worth watching?

What is Best Buy Company Inc stock price?

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