Best Buy Co. Inc. ($BBY) Stock Forecast: Down 5.1% Today

What is Best Buy Co. Inc.?

Best Buy (BBY) is a well-known consumer electronics retailer with a significant presence in the market. Today, the stock experienced a strong bearish movement.

Why is Best Buy Co. Inc. going down?

BBY stock is down 5.1% on Dec 2, 2025 15:51

• The acquisition of Village Pointe by Federal Realty Investment Trust for $153.3 million might have signaled potential challenges in the retail sector, impacting investor sentiment towards Best Buy.
• The appointment of Dylan Jadeja, CEO of Riot Games, to Best Buy's Board of Directors could have raised concerns among investors about the company's strategic direction, leading to a sell-off in the stock.
• Investors may be interpreting Jadeja's appointment as a signal of potential shifts in Best Buy's focus towards digital commerce and omnichannel experiences, causing uncertainty and contributing to the bearish market movement.
• The Hold rating from analysts and the price target of $82.00 for Best Buy's stock could have also influenced the negative market sentiment, prompting investors to reevaluate their positions in the company.

BBY Price Chart

BBY Technical Analysis

BBY News

Federal Realty Pays $153M for Retail Center

Federal Realty Investment Trust has acquired Village Pointe, a 453,000-square-foot lifestyle center in Omaha, Neb., for $153.3 million. This marks the first change of ownership for the property since its completion in 2004, having been sold by RED Development. The acquisition adds to Federal Realty's growing retail portfolio, which also includes recent purchases in Leawood, Kan., and Annapolis, Md.

https://www.commercialsearch.com/news/federal-realty-pays-153m-for-retail-center/

Best Buy Appoints Dylan Jadeja to Board of Directors

Best Buy announced the appointment of Dylan Jadeja, CEO of Riot Games, to its Board of Directors, effective December 1, 2025. Jadeja's expertise in strategy, finance, and gaming is expected to boost Best Buy's digital commerce and omnichannel customer experiences. The company's stock currently has a Hold rating from analysts, with a price target of $82.00.

https://www.tipranks.com/news/company-announcements/best-buy-appoints-dylan-jadeja-to-board-of-directors

Best Buy Appoints Dylan Jadeja to Board of Directors

Best Buy Co., Inc. has appointed Dylan Jadeja, CEO of Riot Games, to its Board of Directors, effective immediately. Jadeja brings extensive experience in strategy, finance, operations, digital and social content, and the gaming industry to Best Buy's board. This appointment aims to enhance Best Buy's focus on omnichannel experiences and new revenue streams for growth.

https://www.businesswire.com/news/home/20251201489132/en/Best-Buy-Appoints-Dylan-Jadeja-to-Board-of-Directors

Best Buy Appoints Dylan Jadeja to Board of Directors

Best Buy Co., Inc. has appointed Dylan Jadeja, the CEO of Riot Games, to its Board of Directors, effective immediately. Jadeja brings extensive experience in strategy, finance, operations, digital and social content, and the gaming industry to Best Buy. This appointment is expected to help Best Buy enhance its omnichannel experiences and develop new revenue streams.

https://www.nasdaq.com/press-release/best-buy-appoints-dylan-jadeja-board-directors-2025-12-01

Best Buy (NYSE: BBY) appoints Riot Games CEO A. Dylan Jadeja to board

Best Buy Co., Inc. announced the appointment of A. Dylan Jadeja, CEO of Riot Games, Inc., to its Board of Directors, effective November 26, 2025. Jadeja brings extensive experience from Riot Games, Goldman Sachs, and Kearney Management Consulting. He will receive standard director compensation and is expected to stand for shareholder election at the 2026 Regular Meeting of Shareholders.

https://www.stocktitan.net/sec-filings/BBY/8-k-best-buy-co-inc-reports-material-event-1ae66a987119.html

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Best Buy Co. Inc. Price History

29.07.2025 - BBY Stock was up 5.1%

• Best Buy's Q2 earnings surpassed expectations, seeing a 1.6% increase in revenues and strong online growth, particularly in gaming, computing, and mobile sales.
• The company's performance was boosted by a 5.1% rise in online sales, demonstrating its agility in adapting to evolving consumer preferences.
• Despite margin pressures from shifting product mixes and tariff uncertainties, Best Buy's modest sales recovery and outperformance of revenue and earnings projections have driven a bullish trend in its stock price today.

25.10.2025 - BBY Stock was up 3.8%

• BBY reported third-quarter earnings that surpassed expectations, with sales increasing by 2.4% year over year, leading to a positive sentiment among investors.
• The company's strong performance was driven by consumers upgrading their tech devices and splurging on new electronics, indicating a growing demand for BBY's products.
• Analysts revised their expectations ahead of the earnings release, anticipating an increase in quarterly earnings per share, which likely contributed to the bullish movement in the stock.
• Overall, the market reacted positively to BBY's solid financial results and optimistic sales forecast, propelling the stock to a bullish trajectory.

25.10.2025 - BBY Stock was up 3.8%

• Best Buy (BBY) had a notable bullish movement today.
• The company posted third-quarter earnings that surpassed expectations, with sales climbing 2.4% year over year to $9.67 billion, exceeding the consensus.
• Third-quarter comparable sales for Best Buy also showed a 2.7% year-over-year growth, signaling strong consumer interest in tech upgrades and devices.
• The favorable earnings report and the company's decision to raise its sales forecast mirror the increasing trend of consumer tech upgrades and purchases, underscoring Best Buy's success in the market.

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.

21.10.2025 - BBY Stock was up 5.3%

• Strong bullish movement in BBY stock likely due to positive market sentiment and anticipation of strong Q3 earnings.
• Analyst forecasts and expectations of earnings growth for Best Buy have fueled investor confidence in the company's performance.
• The combination of positive key metrics and potential earnings beat has attracted buyers, driving up the stock price.
• Investors are optimistic about Best Buy's ability to capitalize on consumer demand for electronics and appliances, leading to the bullish market movement.

28.07.2025 - BBY Stock was down 3.7%

• Best Buy exceeded revenue and earnings expectations for the quarter, yet the stock saw a bearish movement.
• The uncertainty surrounding tariffs and their impact on the company's turnaround efforts may have contributed to the negative market sentiment.
• Despite strong online sales growth and performance in key product categories, investors might be cautious given economic uncertainty and market volatility.
• Market reaction could also be influenced by profit-taking behavior post the recent earnings beat, as investors reassess their positions in the stock.

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.

19.07.2025 - BBY Stock was up 5.1%

• Best Buy's decision to launch a third-party marketplace indicates a strategic move to diversify its product offerings and potentially attract more customers.
• By expanding its assortment through third-party sellers, Best Buy aims to drive higher profits and tap into additional revenue streams.
• This move could also help Best Buy differentiate itself from competitors and enhance its position in the market, leading to increased investor confidence and a bullish movement in its stock price today.

02.11.2025 - BBY Stock was down 5.1%

• The acquisition of Village Pointe by Federal Realty Investment Trust for $153.3 million might have signaled potential challenges in the retail sector, impacting investor sentiment towards Best Buy.
• The appointment of Dylan Jadeja, CEO of Riot Games, to Best Buy's Board of Directors could have raised concerns among investors about the company's strategic direction, leading to a sell-off in the stock.
• Investors may be interpreting Jadeja's appointment as a signal of potential shifts in Best Buy's focus towards digital commerce and omnichannel experiences, causing uncertainty and contributing to the bearish market movement.
• The Hold rating from analysts and the price target of $82.00 for Best Buy's stock could have also influenced the negative market sentiment, prompting investors to reevaluate their positions in the company.

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.