Benzinga | Jan 13, 2022 12:03PM EST

Where Best Buy Co Stands With Analysts

Best Buy Co (NYSE:BBY) has observed the following analyst ratings within the last quarter:

Bullish Somewhat Bullish Indifferent Somewhat Bearish BearishTotal Ratings 3 1 2 0 1Last 30D 0 0 1 0 01M Ago 0 0 0 0 02M Ago 3 0 1 0 13M Ago 0 1 0 0 0

In the last 3 months, 7 analysts have offered 12-month price targets for Best Buy Co. The company has an average price target of $136.57 with a high of $175.00 and a low of $106.00.

Below is a summary of how these 7 analysts rated Best Buy Co over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the move negative analysts are on the stock

This current average represents a 1.75% increase from the previous average price target of $139.00.

What Are Analyst Ratings?

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

This article was generated by Benzinga's automated content engine and reviewed by an editor.