Best Buy Co., Inc. (BBY) shares climbed 5.3% to $87.00 as of September 3, 2026, a significant gain from the prior close of $82.63. BestStocks flagged the session as a major change for BBY. Below, we break down what changed for BBY, why it matters for investors, how the stock reacted, and the catalysts on the calendar.
What happened
BBY climbed 5.3% to $87.00
BBY climbed 5.3% in its latest session, moving from $82.63 to $87.00.
ValuationMedium confidence
Rel. volume
1.8×
Above Avg
Vs peers
—
No comparable peers
Market cap
$18.3B
New York Stock Exchange
Analyst target
$84
-3.4% vs price
Price chart
Aug 3 – Sep 3
E earnings
F filing
A analyst
V/N other
click a marker to highlight
Change events — click to jump to details
What it means for Best Buy Co., Inc. investors
For Best Buy Co., Inc. investors, the balance of recent signals points to a bullish shift. On the constructive side: Material positive event; Strong 5.3% price move with conviction. Weighing against that: New SEC filing — review for material disclosures; New SEC filing — review for material disclosures. Wall Street's consensus price target sits at $84.08, implying -3.4% downside from $87.00. Over the past 90 days analysts logged 1 upgrade and 2 downgrades. BestStocks rates the overall signal quality medium (65/100). With earnings roughly 82 days out, the next report is the most likely near-term test of the move.
BBY price reaction
BBY last traded at $87.00, up $4.37 (+5.29%) from the previous close of $82.63. The session traded on 1.8× average volume (above avg), so the move carried above-average conviction. Over the past month the stock has ranged between $80.02 and $89.21, and it currently sits about 76% of the way up that band.
Bullish and bearish analyst opinions on Best Buy Co., Inc. (BBY)
The consensus analyst price target on Best Buy Co., Inc. (BBY) is $84.08, 3.4% below the recent $87.00. Over the past 90 days analysts logged 1 upgrade, 10 maintains, and 2 downgrades. Here is how the bullish and bearish cases on BBY line up.
▲ The bullish case
+The Street's most bullish target is $100.00 (+14.9%).
+1 analyst upgrade in the past 90 days, most recently Truist Securities to Buy (2026-08-11).
+Material positive event.
+Strong 5.3% price move with conviction.
+Best Buy Co., Inc. (BBY) moved +3.51% from $79.83 to $82.63 on September 1, 2026.
▼ The bearish case
−The consensus analyst price target of $84.08 sits 3.4% below the recent $87.00, so the average target sees limited room to run.
−The most bearish analyst target is $60.00 (-31.0%).
−2 analyst downgrades in the past 90 days, most recently Jefferies to Hold (2026-08-05).
Bull vs bear balanceBullish Shift
BearishNeutralBullish
Weighing both sides, BestStocks' composite read of recent signals is bullish, as the bull-versus-bear meter above shows. This is an educational summary of the bull and bear case, not investment advice.
Analyst price targets and ratings are FMP consensus figures as of Sep 3, 2026; other aggregators may differ. High and low targets show the range of estimates, not forecasts.
Best Buy Co., Inc. (BBY) moved +3.51% from $79.83 to $82.63 on September 1, 2026. We checked news, earnings, analyst updates, SEC filings, and corporate actions — no company-specific catalyst was found. Volume remained near its 5-day average at 0.7x.
Best Buy shares fell 2.94% to $80.02 as investors digest fiscal Q2 earnings and digest guidance concerns. According to Wedbush and other analysts cited in market commentary, the decline reflects slowing second-half comparable sales guidance (1–3% growth) as Windows 10 replacement tailwinds fade, combined with margin concerns stemming partly from one-time items like tariff refunds rather than core operational gains. Volume ran at 0.94x expected pace 130 minutes into the session.
Best Buy stock fell 5.40% to $82.72 after BofA Securities resumed coverage with an underperform rating (finance.yahoo.com), though the decline came despite the company reporting Q2 fiscal 2027 results that beat analyst expectations—adjusted EPS of $1.47 vs. $1.39 consensus, revenue of $9.78B vs. $9.59B expected, and a 4.1% comparable store sales increase that prompted management to raise full-year EPS guidance to $6.70–$6.90. Volume surged to 3.85M shares, 5.87x the expected level for this time of session, suggesting a "sell the news" reaction combined with investor concern over management warnings about tariff and memory chip cost pressures.
News2026-08-27-4.4%
Best Buy Co., Inc. (BBY) moved +3.67% from $80.60 to $83.56 on 2026-08-27 after reporting Q2 fiscal 2027 results that beat consensus: adjusted diluted EPS of $1.47 vs. $1.39 estimate, and revenue of $9.78 billion vs. $9.59 billion expected. Comparable store sales grew 4.1%, and the company raised full-year fiscal 2027 adjusted EPS guidance to $6.70–$6.90. Volume was 2.3x the 5-day average.
Material / Earnings2026-08-26+2.5%
Best Buy Co., Inc. (BBY) moved +2.28% from $85.49 to $87.44 on 2026-08-26, with volume 2.1x the 5-day average. We checked news, analyst updates, SEC filings, and corporate actions — no company-specific catalyst was found. The move occurred the day before the company's scheduled earnings announcement on 2026-08-27.
Material / Earnings2026-08-07+2.5%
Best Buy Co., Inc. (BBY) moved +2.98% from $79.63 to $82.00 on 2026-08-07. We checked news, earnings announcements, analyst updates, SEC filings, and corporate actions — no company-specific catalyst was found. The move occurred on below-average volume (0.7x the 5-day mean).
Material / Earnings2026-08-06-5.3%
BBY moved -5.20% from its $84.41 open to a $80.02 close on 2026-08-06.
Material / Earnings2026-08-04+1.3%
Best Buy Co., Inc. (BBY) moved +3.20% from $83.67 to $86.35 on 2026-08-04. We checked news, earnings announcements, analyst updates, SEC filings, and corporate actions — no company-specific catalyst was found. Volume remained near its 5-day average, suggesting the move was not driven by unusual trading activity.
Upcoming catalysts & outlook
Next earnings
2026-11-24 (est.)
in 82 days
Earnings Release
2026-11-24
High impact
Thesis shift
Bullish Shift
bullish signal
Risk level
Low
from change events
Frequently asked questions about BBY
Why did Best Buy Co., Inc. (BBY) stock move?
BBY climbed 5.3% to $87.00. No single company-specific catalyst was confirmed during the move window, and it looks technical.
How much did BBY stock rise?
BBY gained 5.29% ($4.37) versus the prior close of $82.63, last trading at $87.00 on 1.8× average volume.
When is Best Buy Co., Inc.'s next earnings date?
BBY's next earnings report is estimated for 2026-11-24 — about 82 days away.
What is the analyst price target for BBY?
The consensus analyst price target for BBY is $84.08, about 3.4% below the current $87.00. Over the past 90 days, analysts recorded 1 upgrade, 10 maintains, and 2 downgrades.
How BestStocks tracks BBY
This page is generated automatically by BestStocks' change-detection system after its price and volume cleared BBY-specific materiality thresholds, triggering an evidence check. It draws on 20 tracked change events for BBY, cross-checked against the data sources listed below. Price, volume, and market-capitalization figures are the live intraday quote as of September 3, 2026 and refresh as new information is detected; for companies with multiple share classes, market-cap figures can differ by data source. Analyst price targets and ratings are FMP consensus. This is an educational summary of what changed and why — not personalized investment advice.
