Wells Fargo (NYSE:WFC) analyst Zachary Fadem maintained a Hold rating on Best Buy Co (NYSE:BBY) on Thursday, setting a price target of $105, which is approximately 4.61% above the present share price of $100.37.
Fadem expects Best Buy Co to post earnings per share (EPS) of $3.15 for the first quarter of 2021.
The current consensus among 12 TipRanks analysts is for a Moderate Buy rating of shares in Best Buy Co, with an average price target of $119.18.
The analysts price targets range from a high of $150 to a low of $100.
In its latest earnings report, released on 01/31/2021, the company reported a quarterly revenue of $16.94 billion and a net profit of $1.18 billion. The company's market cap is $25.99 billion.
According to TipRanks.com, Wells Fargo analyst Zachary Fadem is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 28.4% and a 73.11% success rate.
Best Buy Co., Inc. provides consumer technology products and services. It operates through two business segments: Domestic and International. The Domestic segment is comprised of the operations in all states, districts and territories of the U.S., operating under various brand names, including but not limited to, Best Buy, Best Buy Mobile, Geek Squad, Magnolia Audio Video, Napster and Pacific Sales. The International segment is comprised of all operations outside the U.S. and its territories, which includes Canada, Europe, China, Mexico and Turkey. It also markets its products under the brand names: Best Buy, bestbuy.com, Best Buy Direct, Best Buy Express, Best Buy Mobile, Geek Squad, GreatCall, Magnolia and Pacific Kitchen and Home. The company was founded by Richard M. Schulze in 1966 and is headquartered in Richfield, MN.