Wells Fargo (NYSE:WFC) analyst Zachary Fadem maintained a Hold rating on Best Buy Co (NYSE:BBY) on Thursday, setting a price target of $120, which is approximately 1.51% above the present share price of $118.22.
Fadem expects Best Buy Co to post earnings per share (EPS) of $2.35 for the second quarter of 2021.
The current consensus among 17 TipRanks analysts is for a Moderate Buy rating of shares in Best Buy Co, with an average price target of $130.64.
The analysts price targets range from a high of $150 to a low of $109.
In its latest earnings report, released on 04/30/2021, the company reported a quarterly revenue of $11.64 billion and a net profit of $727 million. The company's market cap is $29.61 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 29.0% and a 76.47% success rate.
Founded in 1966, Minnesota-based Best Buy Co., Inc. is a consumer electronics company, which provides consumer technology products and services in the US, Canada and Mexico. It operates in two business segments: Domestic and International.