Best Buy Co. Inc. ($BBY) Stock Forecast: Up 5.0% Today

What is Best Buy Co. Inc.?

Best Buy Co. (BBY) is a well-known American multinational retailer that specializes in consumer electronics. The company operates both online and in physical stores, offering a wide range of products and services.

Why is Best Buy Co. Inc. going up?

BBY stock is up 5.0% on Apr 7, 2025 14:55

• Despite recent bearish options activity and analyst downgrades, BBY experienced a strong bullish movement today.
• The technical analysis suggesting oversold conditions and possible support levels may have attracted buyers looking for a potential turnaround.
• The broader market plunge and uncertainties related to tariffs, geopolitics, and the Federal Reserve may have initially impacted BBY negatively but the stock managed to defy the trend and move higher.
• The conflicting signals from options activity and analyst ratings indicate a mixed sentiment among investors, adding to the volatility and unpredictability of BBY's movement.

BBY Price Chart

BBY Technical Analysis

BBY News

Best Buy ( BBY ) technical analysis - Best Buy Co ( NYSE:BBY )

Best Buy ( BBY ) stock is oversold and at a possible support level. The selling may be over and a move higher may follow. In a market dominated by tariff tensions, geopolitical surprises, and Fed uncertainty, Matt Maley's technical approach delivers clear entry/exit points for consistent ...

https://www.benzinga.com/trading-ideas/technicals/25/04/44648530/stock-of-the-day-is-best-buy-about-to-reverse

What America's stockmarket plunge means

Farewell to 15 years of exceptionalism?

https://www.economist.com/finance-and-economics/2025/04/03/what-americas-stockmarket-plunge-means

Decoding Best Buy Co's Options Activity: What's the Big Picture? - Best Buy Co ( NYSE:BBY )

Investors with a lot of money to spend have taken a bearish stance on Best Buy Co BBY. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether this is an institution or just a wealthy individual, we don't know.

https://www.benzinga.com/insights/options/25/04/44629503/decoding-best-buy-cos-options-activity-whats-the-big-picture

This Best Buy Analyst Is No Longer Bullish; Here Are Top 4 Downgrades For Thursday - AllianceBernstein Holding ( NYSE:AB ) , Best Buy Co ( NYSE:BBY )

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page. Ladenburg Thalmann analyst Christopher Nolan downgraded the rating for Sachem Capital Corp.

https://www.benzinga.com/25/04/44626454/this-best-buy-analyst-is-no-longer-bullish-here-are-top-4-downgrades-for-thursday

Trending Today

Sei ($SEI) Crypto Forecast: Up 6.7% Today

Sonic (prev. FTM) ($S) Crypto Forecast: Up 5.2% Today

Solana ($SOL) Crypto Forecast: Up 6.8% Today

Bitcoin ($BTC) Crypto Forecast: Up 5.1% Today

Movement ($MOVE) Crypto Forecast: Up 5.8% Today

Shiba Inu ($SHIB) Crypto Forecast: Up 5.0% Today

Curve DAO Token ($CRV) Crypto Forecast: Up 14.0% Today

Ondo ($ONDO) Crypto Forecast: Up 11.8% Today

Dogecoin ($DOGE) Crypto Forecast: Up 5.3% Today

Bank of New York Mellon Corporation (The) ($BK) Stock Forecast: Up 5.2% Today

Best Buy Co. Inc. Price History

29.07.2024 - BBY Stock was up 15.2%

• The surge in Best Buy's stock to its highest point in over two years was driven by a strong Q2 earnings report, demonstrating robust financial performance.
• Meeting revenue expectations and an increase in non-GAAP profit per share played a key role in the notable rise in the stock price.
• Positive earnings results enhanced investor confidence in Best Buy, resulting in a bullish market trend.
• The market's favorable response to the news underscores the influence of solid financial performance on driving stock prices upward.

29.07.2024 - BBY Stock was up 14.6%

• BBY's Q2 earnings showed revenue in line with forecasts, but a higher than expected non-GAAP profit of $1.34 per share caused the stock to surge.
• Although facing a 3.1% revenue decline from the previous year, Best Buy managed to increase its profit, demonstrating robust financial performance and operational efficiencies.
• The stock's bullish movement can be attributed to exceeding earnings and profit projections despite reduced revenues, instilling investor confidence.
• Best Buy's ability to outperform earnings and revenue expectations underscores its resilience and adaptability in challenging market conditions, bolstering favorable market sentiment.

26.10.2024 - BBY Stock was down 8.7%

• Best Buy (BBY) reported lower-than-expected fiscal 2025 third-quarter earnings per share and a decline in enterprise comparable sales, leading to a bearish movement in the stock.
• The company also cut its full-year sales forecast due to softer demand for consumer electronics, indicating a challenging market environment.
• Analysts and investors are closely watching Best Buy's performance, with concerns about its growth potential in the face of changing consumer preferences and market dynamics.
• The combination of missed earnings expectations, reduced sales forecast, and cautious analyst ratings has likely contributed to the bearish sentiment surrounding Best Buy's stock today.

26.10.2024 - BBY Stock was down 7.3%

• Best Buy Co. reported fiscal 2025 third-quarter adjusted EPS of $1.26, missing the consensus of $1.29. This disappointing earnings result likely contributed to the bearish movement in the stock.
• The enterprise comparable sales fell by 2.9%, and quarterly sales decreased to $9.45 billion from $9.76 billion a year ago, missing analyst expectations. These lower-than-expected sales figures could have further fueled the bearish sentiment.
• Best Buy also cut its full-year sales forecast due to softer demand for consumer electronics, indicating a challenging market environment for the company. This downward revision likely added to the negative investor sentiment.
• The options market showed a mix of bullish and bearish trades, with a slightly higher percentage of traders displaying bullish tendencies. However, the overall disappointing earnings and sales performance overshadowed any potential positive sentiment, leading to the bearish movement in the stock.

29.07.2024 - BBY Stock was up 14.1%

• Best Buy's stock demonstrated a robust upward movement today.
• The increase in stock price is linked to the company's strong second-quarter earnings, surpassing EPS expectations and revising their full-year guidance.
• Encouraging signs of demand stabilization, alongside revenue and EPS outperformance, bolstered investor confidence in Best Buy.
• Analysts are bullish on the future prospects of Best Buy shares, prompting a rise in price targets and fostering positive sentiment in the market.

29.07.2024 - BBY Stock was up 12.7%

• Best Buy's Q2 earnings revealed revenue in line with forecasts, a slight year-on-year decrease, but a significant improvement in profit per share.
• Exceeding estimates, the EPS of $1.34 and revenue of $9.29 billion matched analyst projections, prompting a rise in the stock price.
• Despite a revenue decline, Best Buy saw profit growth in Q2 2025, demonstrating its resilience and ability to sustain profitability.
• The favorable earnings report and optimistic future outlook, which included an upward revision of the annual profit forecast, drove the bullish momentum in Best Buy's stock price.

30.04.2024 - BBY Stock was up 13.2%

• Best Buy (BBY) experienced a strong bullish movement of over 12% post-earnings.
• The company reported better-than-expected earnings for its fiscal first quarter, with adjusted EPS of $1.20 surpassing street estimates.
• Despite a slight miss in quarterly sales, the robust earnings and optimistic outlook resulted in a stock price surge.
• Investors reacted positively to the news, propelling the stock price higher as they focused on the earnings beat and potential future growth prospects for Best Buy.

04.02.2025 - BBY Stock was down 17.2%

• Despite exceeding estimates in Q4 earnings and having a positive outlook for FY26, the stock faced a bearish trend.
• The company CEO's caution about potential price increases linked to trade policies might have unsettled investors.
• Following an initial increase post-earnings and dividend boost, the stock relinquished its gains, potentially due to disappointing Q1 FY26 guidance.
• Bearish positions on BBY options taken by well-capitalized investors might have also influenced the stock's downward trajectory.

04.02.2025 - BBY Stock was down 13.4%

• BBY's Q4 earnings exceeded expectations, but the stock encountered a decline possibly due to the CEO's caution about forthcoming price hikes with the implementation of tariffs, causing uncertainty in the market.
• The rise in gross margin and strong demand for computing were positive developments, although the CEO's remarks concerning potential price increases and the unpredictable consumer environment might have cast a shadow on these outcomes.
• Investors, particularly those with substantial capital in BBY options, adopted a bearish position, adding to the downward momentum on the stock.
• Despite surpassing earnings and revenue projections, market sentiment shifted to a negative outlook amid worries about possible price hikes and the repercussions of tariffs on the company's supply chain, leading to weakened investor confidence.

03.03.2025 - BBY Stock was down 16.9%

• Today's options activity for Best Buy Co. (BBY) showed that investors with substantial capital were taking a bearish stance.
• An analyst downgrade on BBY may have played a role in the stock's bearish movement.
• The increased bearish options activity combined with analyst downgrades likely resulted in a negative sentiment around BBY, leading to significant bearish movement in the stock.

11.02.2025 - BBY Stock was down 5.6%

• Best Buy (BBY) experienced a bearish movement today.
• The market reacted negatively to the news of potential price increases due to trade policies.
• Concerns over declining profits in the first quarter and the uncertainty created by new trade barriers have likely contributed to the bearish trend in Best Buy's stock.
• Investors are wary of the impact of trade policies on Best Buy's margins, leading to the downward pressure on the stock price.

07.03.2025 - BBY Stock was up 5.0%

• Despite recent bearish options activity and analyst downgrades, BBY experienced a strong bullish movement today.
• The technical analysis suggesting oversold conditions and possible support levels may have attracted buyers looking for a potential turnaround.
• The broader market plunge and uncertainties related to tariffs, geopolitics, and the Federal Reserve may have initially impacted BBY negatively but the stock managed to defy the trend and move higher.
• The conflicting signals from options activity and analyst ratings indicate a mixed sentiment among investors, adding to the volatility and unpredictability of BBY's movement.