Best Buy stock trades at USD 89.91 after analyst upgrade
Published on 09/29/2026 at 06:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Best Buy stock (ISIN US0865161014) was last at USD 89.91 on the NYSE on September 28, 2026 at 4:00 p.m. ET, down 0.66 percent from the prior close. The immediate catalyst is a renewed analyst endorsement after MarketBeat reported on September 25, 2026 that DA Davidson upgraded the retailer from Hold to Strong Buy.
Analyst view meets a higher target
The upgrade comes against a broader Hold consensus and an average 12-month price target of USD 85.40, according to MarketBeat. That target sits below the latest NYSE price, making valuation and the durability of earnings growth the central tension in the current setup.
The market snapshot puts the shares at USD 6.62 below the 52-week high of USD 96.53, while the 52-week low is USD 55.10. Trading volume reached 2,664,998 shares on September 28, 2026, and market capitalization stood at USD 19.0 billion.
Q2 results raised the bar
Best Buy's second-quarter fiscal 2027 call on August 27, 2026 showed adjusted diluted EPS of USD 1.47, up 15 percent from the prior year. Revenue reached USD 9.78 billion, a 3.6 percent increase, while enterprise comparable sales rose 4.1 percent, according to The Globe and Mail.
The earnings comparison was also concrete: adjusted EPS of USD 1.47 exceeded the USD 1.39 consensus by USD 0.08, and revenue surpassed the USD 9.59 billion estimate by USD 0.19 billion. The same call identified computing, home theater and emerging categories such as AI glasses and trading cards as major contributors to comparable-sales growth.
Guidance points to continued growth
Management raised fiscal 2027 revenue guidance to USD 42.3 billion to USD 42.8 billion from USD 41.2 billion to USD 42.1 billion. Adjusted diluted EPS guidance also increased to USD 6.70 to USD 6.90 from USD 6.30 to USD 6.60, according to The Globe and Mail.
The counterweight is cost pressure in computing, where higher memory costs are flowing into product prices and unit demand is expected to soften after a strong comparison period. For investors, the key test is whether Best Buy can convert new digital and advertising initiatives into margin expansion while sustaining the raised outlook.
Best Buy stock stays below its yearly high
Best Buy stock was last at USD 89.91 on the NYSE on September 28, 2026 at 4:00 p.m. ET, with a daily change of negative 0.66 percent and a 52-week range of USD 55.10 to USD 96.53.
Best Buy stock snapshot
- Company: Best Buy Co., Inc.
- ISIN: US0865161014
- Ticker: BBY
- Trading venue: NYSE
- Price (as of September 28, 2026, 4:00 p.m. ET): USD 89.91, last at
- Market capitalization: USD 19.0 billion (as of September 28, 2026)
- 52-week range: USD 55.10-96.53 (as of September 28, 2026)
- Sector / Industry: Consumer Discretionary / Computer and Electronics Retailers
