Key Stats for Best Buy Stock
- Price Change for Best Buy stock: 1.7%
- $BBY Share Price as of Nov. 26: $81
- 52-Week High: $92
- $BBY Stock Price Target: $83
Now Live: Discover how much upside your favorite stocks could have using TIKR’s new Valuation Model (It’s free)>>>
What Happened?
Best Buy (BBY) stock rallied on Wednesday after the electronics retailer delivered a strong third-quarter earnings beat and raised its full-year guidance.
The company reported adjusted earnings per share of $1.40, topping Wall Street’s estimate of $1.31. Revenue came in at $9.67 billion, beating the $9.59 billion consensus.
Best Buy lifted its full-year revenue outlook to a range of $41.65 billion to $41.95 billion, up from its previous forecast of $41.1 billion to $41.9 billion. The company also raised its earnings guidance to $6.25 to $6.35 per share from $6.15 to $6.30 previously.
Best Buy now expects full-year comparable sales to grow between 0.5% and 1.2%, compared with its prior projection of down 1% to up 1%.
The quarter’s standout performance was driven by the retailer’s seventh consecutive quarter of positive comps in computing, along with strong sales in gaming and mobile phones.
It posted comparable sales growth of 2.7%, the highest rate in four years. CEO Corie Barry highlighted that customers upgraded laptops ahead of the Windows 10 end-of-support deadline in mid-October, which drove desktop computer sales up nearly 30% year-over-year.
Gaming remained a bright spot, with continued demand for the Nintendo Switch 2, though growth rates slowed from the initial launch period in June.
The retailer also saw healthy sales of handheld gaming devices and augmented reality glasses. Mobile phone sales grew thanks to expanded carrier partnerships and improved in-store operations.
Best Buy’s new third-party marketplace, launched in mid-August, is gaining traction, with over 1,000 sellers and 11 times as many SKUs available online.
The marketplace is already contributing positively to gross margins and creating new opportunities for Best Buy’s advertising business.
See analysts’ growth forecasts and price targets for Best Buy stock (It’s free!) >>>
What the Market Is Telling Us About Best Buy Stock
The surge in Best Buy stock reflects investor enthusiasm about the company’s ability to capitalize on tech innovation cycles and successfully diversify its revenue streams.
Management noted that customer behavior remains consistent with recent quarters—shoppers are resilient but deal-focused, gravitating toward predictable sales events like back-to-school and the October sale that coincided with Amazon’s Prime Day.
However, the retailer maintained a cautious outlook for the fourth quarter, expecting comparable sales to range from down 1% to up 1%.
CFO Matt Bilunas explained that while the company sees positive momentum, it faces tougher year-over-year comparisons and potential slowing in categories like gaming and wearables as Nintendo Switch 2 sales moderate.
Appliances remain challenging due to the slower housing market, with customers mostly replacing broken items rather than upgrading.
Best Buy is responding by increasing labor in that department, improving delivery speed, and offering same-day availability for select products.
The company is also investing heavily in experiential retail, adding immersive Meta showcase areas to over 50 stores and launching pilot showrooms with IKEA in 10 locations.
These vendor partnerships, along with expanded demos from Breville and SharkNinja, are designed to give customers more reasons to visit stores and interact with new technology.
With Best Buy stock climbing on raised guidance and positive momentum across key categories, investors appear confident the retailer can navigate the holiday season successfully despite cautious consumer spending patterns and ongoing tariff pressures.
Estimate a company’s fair value instantly (Free with TIKR) >>>
How Much Upside Does Best Buy Stock Have From Here?
With TIKR’s new Valuation Model tool, you can estimate a stock’s potential share price in under a minute.
All it takes is three simple inputs:
- Revenue Growth
- Operating Margins
- Exit P/E Multiple
If you’re not sure what to enter, TIKR automatically fills in each input using analysts’ consensus estimates, giving you a quick, reliable starting point.
From there, TIKR calculates the potential share price and total returns under Bull, Base, and Bear scenarios so you can quickly see whether a stock looks undervalued or overvalued.
See a stock’s true value in under 60 seconds (Free with TIKR) >>>
Looking for New Opportunities?
- See what stocks billionaire investors are buying so you can follow the smart money.
- Analyze stocks in as little as 5 minutes with TIKR’s all-in-one, easy-to-use platform.
- The more rocks you overturn… the more opportunities you’ll uncover. Search 100K+ global stocks, global top investor holdings, and more with TIKR.
Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
