Electronics retailer Best Buy beats Q2 revenue estimates on computing, home theater demand, raises FY27 outlook

The current average analyst rating on the shares is hold, with 4 strong buy or buy, 20 hold, and 2 sell or strong sell ratings.

The average consensus recommendation for the computer and electronics retailers peer group is buy.

Wall Street's median 12-month price target for Best Buy Co., Inc. is $85.00, about 2.8% below its August 26 closing price of $87.44.

The stock recently traded at 13 times the next 12-month earnings, versus a P/E of 9 three months ago.

Best Buy raised its FY27 revenue guidance to $42.3 billion-$42.8 billion from $41.2 billion-$42.1 billion.

The company also lifted its FY27 comparable sales growth outlook to 1.9%-3.0% from (1.0%)-1.0%.