Best Buy Q2 Earnings Ahead: Wall Street's Top Analysts' Latest Adjustments

Best Buy Co., Inc. is set to report its second-quarter earnings before the market opens on Thursday, August 27.

Analysts expect the Richfield, Minnesota-based company to report quarterly earnings per share of $1.38, up from $1.28 in the same period last year. The consensus estimate for Best Buy's quarterly revenue stands at $9.59 billion, compared to $9.44 billion in the prior-year period.

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

Best Buy shares rose 2.5% on Wednesday, closing at $87.44. 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 see how the most accurate analysts have rated the company in the recent period.

Piper Sandler analyst Peter Keith maintained a Neutral rating and raised the price target from $77 to $85 on August 20, 2026. The analyst has an accuracy rate of 67%.

Citigroup analyst Steven Zaccone maintained a Neutral rating and raised the price target from $79 to $88 on August 13, 2026. The 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 August 11, 2026. The analyst has an accuracy rate of 78%.

Truist Securities analyst Scot Ciccarelli upgraded the rating from Hold to Buy and raised the price target from $81 to $95 on August 11, 2026. The analyst has an accuracy rate of 70%.

Jefferies analyst Jonathan Matuszewski downgraded the rating from Buy to Hold and lowered the price target from $89 to $85 on August 5, 2026. The analyst has an accuracy rate of 56%.

Considering buying BBY stock? Here's what analysts think.