Best Buy Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Best Buy Co., Inc. (NYSE:BBY) will release its second quarter earnings report before the opening bell on Thursday, Aug. 27.

Analysts expect the Richfield, Minnesota-based company to report quarterly earnings of $1.38 per share, up from $1.28 per share in the year-ago period. The consensus estimate for Best Buy’s quarterly revenue is $9.59 billion. It reported $9.44 billion last year, according to Benzinga Pro.

On May 28, Best Buy reported better-than-expected first-quarter financial results.

Shares of Best Buy rose 2.5% to close at $87.44 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Piper Sandler analyst Peter Keith maintained a Neutral rating and increased the price target from $77 to $85 on Aug. 20, 2026. This analyst has an accuracy rate of 67%.
• Citigroup analyst Steven Zaccone maintained a Neutral rating and boosted the price target from $79 to $88 on Aug. 13, 2026. This analyst has an accuracy rate of 53%.
• Wells Fargo analyst Zachary Fadem maintained an Equal-Weight rating and raised the price target from $65 to $85 on Aug. 11, 2026. This analyst has an accuracy rate of 78%.
• Truist Securities analyst Scot Ciccarelli upgraded the stock from Hold to Buy and boosted the price target from $81 to $95 on Aug. 11, 2026. This analyst has an accuracy rate of 70%.
• Jefferies analyst Jonathan Matuszewski downgraded the stock from Buy to Hold and cut the price target from $89 to $85 on Aug. 5, 2026. This analyst has an accuracy rate of 56%.

Considering buying BBY stock? Here’s what analysts think:

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