Best Buy Company, Inc. | BBY

Daily Technical Analysis of Best Buy Company, Inc.

Best Buy Company is only slightly up on the day, shares traded 0.83% higher on the day.

Currently BBY isn't at a clear support/resistance line that seems tradable. BBY hasn't established a very clear directional momentum over the last few months. So it's not clear exactly where it's going. BBY might find some support at the 91.42 level, buyers might push the price back up from here. But it's not very clear what will happen.

Analyst Ratings for Best Buy Company By Price Target And Rating

The balance of viewpoints by the analysts is positive. The current Analysts Sentiment Score is 87.69. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. On 2024-03-01 The Goldman Sachs Group increased their price target by 11.11% to $90.00. Wedbush provided a price target boost of 13.33% to $85.00 from $75.00 on 2024-03-01. Truist Financial decided to move up their price target on 2024-03-01 to $87.00 which is a 27.94% increase. On 2024-03-01 Barclays increased their price target by 27.54% to $88.00. JPMorgan Chase & Co. provided a price target boost of 14.1% to $89.00 from $78.00 on 2024-03-01. Morgan Stanley gave a boost to their price target and moved to $82.00 from $80.00 on 2024-03-01. On 2024-03-01 UBS Group increased their price target by 3.66% to $85.00. On 2024-03-01 Citigroup increased their price target by 13.43% to $76.00. Telsey Advisory Group reiterated a rating of Market Perform on 2024-02-26 and also increased their price target by 13.33% to $85.00. Jefferies Financial Group upgraded from Hold to Buy on 2023-12-11 and also increased their price target by 28.99% to $89.00.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Best Buy Company

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Best Buy Company

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.