Best Buy stock fell 2.91 percent as target stays near price

Published on 10/07/2026 at 02:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Best Buy stock carries an average analyst target of USD 85.65 and a Hold consensus as of October 3, 2026. Fiscal Q2 revenue rose 3.6 percent year over year.

Bunter Pop-Art-Comic mit begeisterten Kunden in einem Elektronikmarkt der 1960er Jahre — Best Buy Co. Inc. als Pop-Art-Comic: Käufer im Elektronikmarkt begeistert, ISIN US0865161014, Illustration mit AI erstellt.

Best Buy stock (ISIN US0865161014) fell 2.91 percent and was last at USD 84.85 on the NYSE on October 6, 2026 at 4:00 p.m. ET. The move leaves the share price 11.1 percent below its 52-week high of USD 96.53 and 53.99 percent above its 52-week low of USD 55.10.

Quarterly growth supports guidance

Best Buy's fiscal 2027 second quarter produced USD 9.78 billion in revenue, up 3.6 percent from USD 9.44 billion a year earlier, while comparable sales rose 4.1 percent. FinDog reported these fiscal-quarter figures on October 2, 2026, citing the company's earnings release and SEC filings.

Adjusted diluted EPS reached USD 1.47, up 15 percent from USD 1.28 in the comparable quarter, while operating income was USD 421 million. The reported operating margin was 4.3 percent, compared with 2.7 percent a year earlier, giving investors a clearer measure of the quarter's operating improvement.

Consensus target stays close

According to MarketBeat on October 3, 2026, 21 analysts covered Best Buy with one Strong Buy, six Buy, 12 Hold and two Sell ratings. The average target of USD 85.65 lies 0.9 percent above the October 6 price of USD 84.85, making the consensus gap narrow.

The same MarketBeat report said Evercore lifted its target from USD 85.00 to USD 90.00, while Jefferies cut its target from USD 89.00 to USD 85.00. The split shows why the average target offers limited directional guidance despite the higher quarterly earnings figures.

Dividend payment comes October 8

Best Buy declared a quarterly dividend of USD 0.96, equal to an annualized USD 3.84, and the payment is scheduled for October 8, 2026, according to MarketBeat. The company also raised fiscal 2027 adjusted EPS guidance to USD 6.70-6.90 from USD 6.30-6.60, a range that remains well above the annual dividend.

Best Buy stock trades below target

Best Buy stock had a market capitalization of USD 17.9 billion and volume of 3,217,210 shares on October 6, 2026. The combination of a 2.91 percent daily decline, a USD 85.65 consensus target and stronger fiscal-quarter revenue puts the market's next test on demand durability rather than on the retailer's near-term payout.