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Nov 26, 2025 4:00 PM

Best Buy Sees Expanding Margin, Strong Vendor Support, Analysts Say

Best Buy Co., Inc. (NYSE:BBY) shares are trading higher on Wednesday after multiple firms raised their respective price targets on the stock following a strong earnings beat.

• BBY stock is moving in positive territory. Get the complete picture here.

Best Buy reported on Tuesday the third-quarter 2026 sales increase of 2.4% year-over-year (Y/Y) to $9.67 billion, beating the consensus of $9.59 billion.

Best Buy raised its fiscal 2026 guidance, now projecting adjusted EPS of $6.25–$6.35 (previously $6.15–$6.30) versus $6.26 consensus, and sales of $41.65 billion–$41.95 billion (previously $41.10 billion–$41.90 billion) versus $41.814 billion consensus.

Analyst Take

Guggenheim analyst Steven Forbes reiterated a Buy ...