Best Buy Co. Inc (BBY) stock hits $74.37: Is it a good time to buy or wait for a dip?

Best Buy Co. Inc [BBY] stock prices are up 1.03% to $74.37 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BBY shares have lost -0.34% over the last week, with a monthly amount drifted -14.26%, and not seem to be holding up well over a long-time horizon.

From an analyst’s perspective:

Best Buy Co. Inc [NYSE: BBY] stock has seen the most recent analyst activity on March 05, 2025, when Telsey Advisory Group reiterated its Outperform rating and also revised its price target to $100 from $110. Previously, Telsey Advisory Group reaffirmed its Outperform rating on November 27, 2024, and dropped its price target to $110. On August 30, 2024, Telsey Advisory Group reiterated its Outperform rating and revised its price target to $115 on the stock. UBS upgraded its rating to a Buy and increased its price target to $106 on June 17, 2024. Citigroup upgraded its rating to a Buy and raised its price target to $100 on June 03, 2024. Telsey Advisory Group downgraded its rating to Market Perform for this stock on May 23, 2024, but kept the price target unchanged to $95. In a note dated April 08, 2024, Jefferies reiterated an Buy rating on this stock and revised its target price from $95 to $94.

The stock price of Best Buy Co. Inc [BBY] has been fluctuating between $69.29 and $103.71 over the past year. Currently, Wall Street analysts expect the stock to reach $90.86 within the next 12 months. Best Buy Co. Inc [NYSE: BBY] shares were valued at $74.37 at the most recent close of the market. An investor can expect a potential return of 22.17% based on the average BBY price forecast.

Analyzing the BBY fundamentals

The Best Buy Co. Inc [NYSE:BBY] reported sales of 41.53B for trailing twelve months, representing a drop of -4.77%. Gross Profit Margin for this corporation currently stands at 0.23% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.29 and Total Capital is 0.19. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.21.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 73.44 points at the first support level, and at 72.51 for the second support level. However, for the 1st resistance point, the stock is sitting at 75.01, and for the 2nd resistance point, it is at 75.65.

Ratios To Look Out For

It’s worth pointing out that Best Buy Co. Inc [NYSE:BBY]’s Current Ratio is 1.03. As well, the Quick Ratio is 0.39, while the Cash Ratio is 0.2. Considering the valuation of this stock, the price to sales ratio is 0.38, the price to book ratio is 5.60 and price to earnings (TTM) ratio is 17.39.

Transactions by insiders

Recent insider trading involved Bilunas Matthew M, SEVP Enterprise Strategy & CFO, that happened on Mar 24 ’25 when 51000.0 shares were sold. SEVP Enterprise Strategy & CFO, Bilunas Matthew M completed a deal on Mar 21 ’25 to sell 9482.0 shares. Meanwhile, SVP, Controller & CAO Watson Mathew sold 2951.0 shares on Mar 21 ’25.

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