Best Buy Co. Inc. ($BBY) Stock Forecast: Down 5.0% Today

What is Best Buy Co. Inc.?

Best Buy (BBY) is a multinational retailer specializing in consumer electronics, with a focus on technology products and services. The overall market sentiment for tech retail companies has been mixed recently.

Why is Best Buy Co. Inc. going down?

BBY stock is down 5.0% on Jul 16, 2025 13:55

• Best Buy (BBY) experienced a strong bearish movement today.
• The news about GameStop's decline in hardware and software sales could have negatively impacted the sentiment towards tech retail companies, including Best Buy.
• Investors might be concerned about the shifting consumer preferences towards digital downloads and online shopping, which could be affecting traditional brick-and-mortar retailers like Best Buy.
• The market might be interpreting GameStop's challenges as a broader industry trend, leading to a sell-off in related stocks like Best Buy.

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Best Buy Co. Inc. Price History

26.10.2024 - BBY Stock was down 7.3%

• Best Buy Co. reported fiscal 2025 third-quarter adjusted EPS of $1.26, missing the consensus of $1.29. This disappointing earnings result likely contributed to the bearish movement in the stock.
• The enterprise comparable sales fell by 2.9%, and quarterly sales decreased to $9.45 billion from $9.76 billion a year ago, missing analyst expectations. These lower-than-expected sales figures could have further fueled the bearish sentiment.
• Best Buy also cut its full-year sales forecast due to softer demand for consumer electronics, indicating a challenging market environment for the company. This downward revision likely added to the negative investor sentiment.
• The options market showed a mix of bullish and bearish trades, with a slightly higher percentage of traders displaying bullish tendencies. However, the overall disappointing earnings and sales performance overshadowed any potential positive sentiment, leading to the bearish movement in the stock.

25.03.2025 - BBY Stock was up 5.7%

• Strong demand for Nintendo's Switch 2 gaming console, leading to all-time high stock prices for Nintendo, could have positively impacted Best Buy's stock as they are one of the retailers selling the console.
• The preorder frenzy at major retailers like Target, Best Buy, Walmart, and GameStop indicates a robust consumer interest in gaming products, potentially driving foot traffic and sales for Best Buy.
• The surge in Nintendo's stock price and the high demand for the Switch 2 console may have boosted investor confidence in the consumer electronics sector, benefiting companies like Best Buy that offer a wide range of tech products.

16.06.2025 - BBY Stock was down 5.0%

• Best Buy (BBY) experienced a strong bearish movement today.
• The news about GameStop's decline in hardware and software sales could have negatively impacted the sentiment towards tech retail companies, including Best Buy.
• Investors might be concerned about the shifting consumer preferences towards digital downloads and online shopping, which could be affecting traditional brick-and-mortar retailers like Best Buy.
• The market might be interpreting GameStop's challenges as a broader industry trend, leading to a sell-off in related stocks like Best Buy.

04.02.2025 - BBY Stock was down 17.2%

• Despite exceeding estimates in Q4 earnings and having a positive outlook for FY26, the stock faced a bearish trend.
• The company CEO's caution about potential price increases linked to trade policies might have unsettled investors.
• Following an initial increase post-earnings and dividend boost, the stock relinquished its gains, potentially due to disappointing Q1 FY26 guidance.
• Bearish positions on BBY options taken by well-capitalized investors might have also influenced the stock's downward trajectory.

04.02.2025 - BBY Stock was down 13.4%

• BBY's Q4 earnings exceeded expectations, but the stock encountered a decline possibly due to the CEO's caution about forthcoming price hikes with the implementation of tariffs, causing uncertainty in the market.
• The rise in gross margin and strong demand for computing were positive developments, although the CEO's remarks concerning potential price increases and the unpredictable consumer environment might have cast a shadow on these outcomes.
• Investors, particularly those with substantial capital in BBY options, adopted a bearish position, adding to the downward momentum on the stock.
• Despite surpassing earnings and revenue projections, market sentiment shifted to a negative outlook amid worries about possible price hikes and the repercussions of tariffs on the company's supply chain, leading to weakened investor confidence.

29.04.2025 - BBY Stock was down 9.0%

• Reported lower-than-expected Q1 sales and earnings, missing estimates and leading to a bearish market movement.
• Cited tariff pressures as a key factor affecting its performance, with higher costs on electronics impacting profitability.
• Lowered full-year guidance and concerns about profit risks due to tariffs contributed to the negative market sentiment.
• Analysts pointed out the tariff fallout and predicted a decline in revenue and comparable sales for Q1, further adding to the downward pressure on the stock.

29.04.2025 - BBY Stock was down 7.3%

• Best Buy experienced a bearish movement today due to cutting its full-year sales and profit guidance as tariffs on electronics increased costs.
• Some analysts had raised concerns about the impact of tariffs on China-sourced goods on Best Buy's margins, prompting a downgrade in revenue and profit expectations.
• The market responded negatively to the potential decrease in earnings, with the company struggling to meet revenue goals amidst evolving cost patterns within the consumer electronics sector.
• The decline in Best Buy's stock price appears to stem from uncertainties related to tariffs and the company's adjusted financial forecast, leading investors to reassess their positions in the stock.

29.04.2025 - BBY Stock was down 8.3%

• Best Buy experienced a strong bearish movement today due to the following reasons:
• The company reported downbeat results for the quarter, with Q1 sales and earnings missing estimates, leading to a decrease in investor confidence.
• Despite beating Q1 earnings estimates, the company cut its FY26 guidance due to tariff pressures, impacting its revenue outlook and profitability.
• The increase in costs of consumer electronics due to higher tariffs further added to the negative sentiment surrounding Best Buy's future performance.
• The combination of missing sales targets, reduced earnings guidance, and increased costs due to tariffs contributed to the significant bearish movement in Best Buy's stock price today.

03.03.2025 - BBY Stock was down 16.9%

• Today's options activity for Best Buy Co. (BBY) showed that investors with substantial capital were taking a bearish stance.
• An analyst downgrade on BBY may have played a role in the stock's bearish movement.
• The increased bearish options activity combined with analyst downgrades likely resulted in a negative sentiment around BBY, leading to significant bearish movement in the stock.

11.02.2025 - BBY Stock was down 5.6%

• Best Buy (BBY) experienced a bearish movement today.
• The market reacted negatively to the news of potential price increases due to trade policies.
• Concerns over declining profits in the first quarter and the uncertainty created by new trade barriers have likely contributed to the bearish trend in Best Buy's stock.
• Investors are wary of the impact of trade policies on Best Buy's margins, leading to the downward pressure on the stock price.

07.03.2025 - BBY Stock was up 5.0%

• Despite recent bearish options activity and analyst downgrades, BBY experienced a strong bullish movement today.
• The technical analysis suggesting oversold conditions and possible support levels may have attracted buyers looking for a potential turnaround.
• The broader market plunge and uncertainties related to tariffs, geopolitics, and the Federal Reserve may have initially impacted BBY negatively but the stock managed to defy the trend and move higher.
• The conflicting signals from options activity and analyst ratings indicate a mixed sentiment among investors, adding to the volatility and unpredictability of BBY's movement.

03.05.2025 - BBY Stock was up 5.0%

• Despite recent less favorable financial results, Best Buy's stock (BBY) showed strong positive momentum.
• While falling short of analyst expectations for sales and adjusted earnings, the company exceeded Q1 earnings projections.
• The market's positive response could be linked to the company surpassing earnings and revenue forecasts for the quarter ending in April 2025, hinting at potential growth prospects.
• The optimistic market response might also stem from Best Buy's efforts to enhance operational efficiency and transition towards Marketplace and Ads, potentially boosting future profitability.