Should Investors Trust The Upside Potential In Best Buy Co. Inc (BBY)?

Best Buy Co. Inc (NYSE:BBY) currently has a daily average trading volume of 4.25M but it saw 3541131 shares traded in last market. With a market cap of 14.85B USD, the company’s current market price of $70.15 came falling about -1.41 while comparing to the previous closing price of $71.15. In past 52 weeks, the stock remained buoying in the range of price level as high as $103.71 and as low as $54.99.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Citigroup which downgraded the stock as “Neutral” in its note to investors issued on April 03, 2025, recommending a price target of $70 for it. Telsey Advisory Group issued its recommendations for the stock as it reiterated the price target for the stock in the range of between $115 and $110.

Over the week, BBY’s stock price is moving -4.41% down while it is 10.68% when we observe its performance for the past one month. Year-to-date it is -18.24% down and over the past year, the stock is showing a downside performance of -4.36%.

Currently, Best Buy Co. Inc’s total number of outstanding shares is 211.40M with 7.89% of that held by the insiders while 88.37% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 14.87% and return on equity (ROE) at 31.63%. It has a price to earnings ratio (P/E ratio) of 16.41 while having a 10.39 of forward P/E ratio. Stock’s beta reads 1.30. Stock has a price to book (P/B) ratio of 5.28 while price to sale or P/S ratio amounts to 0.36. Its return on asset (ROA) is 6.23% on average.