Best Buy stock holds near 87 USD after strong quarter
Published on 09/04/2026 at 19:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Best Buy Co., Inc. stock (ISIN US0865161014) closed at 87.00 USD on September 2, 2026, up 5.29 percent from the prior session. The move came as analysts kept the stock close to fair value, with one recent update putting the estimate at about 86.70 USD.
Latest quarter stays firm
Best Buy reported 9.78 billion USD in revenue for the quarter ended August 27, 2026, up 3.6 percent from 9.44 billion USD a year earlier, while earnings per share came in at 1.47 USD versus 1.28 USD in the same period last year. Net margin was 3.01 percent, and return on equity reached 48.14 percent, according to MarketBeat's earnings summary.
The same report says Best Buy set FY 2027 guidance at 6.700 to 6.900 USD EPS, while sell-side analysts currently model 6.81 USD for the full year. That leaves the latest quarter in a useful spot for investors: the company is still growing revenue, and guidance remains anchored in the mid-6 USD EPS range.
Valuation near fair value
A recent market update from ad-hoc-news linked the 87.00 USD close on September 2, 2026 with a fair-value estimate of about 86.70 USD. That puts the stock almost exactly on top of the valuation level cited in the same update.
MarketBeat also noted a 12-month range of 55.10 USD to 91.26 USD, which leaves the current quote in the upper part of that band. For chart watchers, the next question is whether Best Buy can hold above the mid-80 USD area while the market waits for the next earnings update.
Appliances stay relevant
Best Buy's consumer electronics and appliance business remains the core product engine behind the quarter. The latest coverage points to demand in appliances, computers, mobile devices and other connected hardware categories as a supporting factor for sales and for the earnings profile.
That mix matters because Best Buy is not relying on one product line. The combination of hardware sales, services and promotion-driven traffic is what keeps revenue above 9 billion USD a quarter and supports the current EPS guidance range.
Close on the tape
Best Buy stock finished at 87.00 USD on September 2, 2026, after a 5.29 percent rise. The share price sits close to the 86.70 USD fair-value mark highlighted in recent market commentary.
Best Buy stock facts
- Company: Best Buy Co., Inc.
- ISIN: US0865161014
- Ticker: BBY
- Trading venue: NYSE
- Price (as of September 2, 2026, 16:00): 87.00 USD
- Market capitalization: 18.39 billion USD (as of September 4, 2026)
- Sector / Industry: Consumer Electronics Retail
- Index membership: S and P 500
