3M Co

3M Co Stock Forecast & Price Prediction

Live 3M Co Stock (MMM) Price
$131.45

15

Ratings

  • Buy 5
  • Hold 7
  • Sell 3
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$131.45

P/E Ratio

13.55

Volume Traded Today

$2.7M

Dividend

$0.7

52 Week High/low

141.34/75.65

3M Co Market Cap

$70.98B

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MMM Summary

From what 15 stock analysts predict, the share price for 3M Co (MMM) might increase by 10.11% in the next year. This is based on a 12-month average estimation for MMM. Price targets go from $100 to $165. The majority of stock analysts believe MMM is a buy. Please note analyst price targets are not guaranteed and could be missed completely.

MMM Analyst Ratings

3M Co has a total of 15 Wall St Analyst ratings. There are 5 buy ratings, 7 ratings, and 3 sell ratings. Since most analysts have a buy consensus rating, the expectation is that 3M Co will outperform the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.

MMM stock forecast by analyst

These are the latest 20 analyst ratings of MMM.

Analyst/Firm

Rating

Price Target

Change

Date

Stephen Tusa
JP Morgan

Overweight

$165

Maintains

Oct 28, 2024
Deane Dray
RBC Capital

Underperform

$100

Maintains

Oct 23, 2024
Julian Mitchell
Barclays

Overweight

$165

Maintains

Oct 23, 2024
Andrew Obin
B of A Securities

Buy

$160

Maintains

Oct 23, 2024
Scott Davis
Melius Research

Buy

$180

Upgrade

Oct 22, 2024
Brett Linzey
Mizuho

Neutral

$146

Maintains

Oct 17, 2024
Joe O'Dea
Wells Fargo

Equal-Weight

$140

Maintains

Oct 7, 2024
Julian Mitchell
Barclays

Overweight

$160

Maintains

Oct 2, 2024
Chris Snyder
Morgan Stanley

Underweight

$125

Initiates

Sep 6, 2024
Nicole Deblase
Deutsche Bank

Buy

$150

Upgrade

Jul 31, 2024
John Eade
Argus Research

Buy

$145

Upgrade

Jul 30, 2024
Andrew Obin
B of A Securities

Buy

$143

Maintains

Jul 29, 2024
Deane Dray
RBC Capital

Underperform

$95

Maintains

Jul 29, 2024
Julian Mitchell
Barclays

Overweight

$145

Maintains

Jul 29, 2024
Andrew Kaplowitz
Citigroup

Neutral

$133

Maintains

Jul 29, 2024

Barclays

Overweight


Maintains

Jul 11, 2024
Julian Mitchell
Barclays

Overweight

$120

Maintains

Jul 10, 2024
Joe O'Dea
Wells Fargo

Equal-Weight

$110

Maintains

Jul 10, 2024
Nigel Coe
Wolfe Research

Outperform

$125

Upgrade

Jun 13, 2024
Andrew Obin
B of A Securities

Buy

$120

Upgrade

Jun 7, 2024

MMM Company Information

What They Do: Provides diversified technology services globally.

Business Model: The company operates through multiple segments, including Safety and Industrial, Transportation and Electronics, and Consumer. It generates revenue by offering a wide range of products and solutions across these segments, selling through e-commerce platforms and traditional distribution channels, such as wholesalers, retailers, and dealers.

Other Information: Founded in 1902 and headquartered in Saint Paul, Minnesota, the company has a long history and a strong market presence. Its diverse offerings in various industries position it well for continued growth and adaptation in changing markets.
MMM
3M Co (MMM)

When did it IPO

1970

Staff Count

85,000

Country

United States

Sector/Industry

Industrials/Conglomerates

CEO

Mr. William M. Brown

Market Cap

$70.98B

3M Co (MMM) Financial Data

In 2023, MMM generated $32.68B in revenue, which was a decrease of -4.52% from the previous year. This can be seen as a signal that MMM's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$32.18B

Revenue From 2021

$35.36B

9.85 %
From Previous Year

Revenue From 2022

$34.23B

-3.18 %
From Previous Year

Revenue From 2023

$32.68B

-4.52 %
From Previous Year
  • Revenue TTM $32.64B
  • Operating Margin TTM 21.4%
  • Gross profit TTM $14.20B
  • Return on assets TTM 9.0%
  • Return on equity TTM 113.3%
  • Profit Margin 13.5%
  • Book Value Per Share 8.52%
  • Market capitalisation $70.98B
  • Revenue for 2021 $35.36B
  • Revenue for 2022 $34.23B
  • Revenue for 2023 $32.68B
  • EPS this year (TTM) $9.62

3M Co (MMM) Latest News

News Image

Sun, 10 Nov 2024

Sentiment - POSITIVE

Source - Seeking Alpha

Summary - November's top-yielding Aristocrats include Franklin Resources, Amcor, Hormel, and Kenvue. Analysts predict net gains of 12.5% to 20.12% by November 2025, with NextEra Energy and Target leading projections.

Why It Matters - Top-yielding Aristocrats signal strong dividend potential and growth forecasts, attracting income-focused investors and suggesting opportunity in undervalued stocks like Realty Income and Chevron.

News Image

Tue, 05 Nov 2024

Sentiment - NEUTRAL

Source - PRNewsWire

Summary - 3M's Board of Directors declared a fourth-quarter 2024 dividend of $0.70 per share on its common stock.

Why It Matters - 3M's dividend declaration signals financial stability and commitment to returning value to shareholders, which can boost investor confidence and influence stock performance.

News Image

Tue, 29 Oct 2024

Sentiment - POSITIVE

Source - The Motley Fool

Summary - 3M may be showing positive indicators of recovery, suggesting potential improvement in its financial performance and outlook for investors.

Why It Matters - Signs of improvement at 3M could indicate a turnaround in performance, potentially boosting stock value and investor confidence in the company's future prospects.

News Image

Mon, 28 Oct 2024

Sentiment - POSITIVE

Source - MarketBeat

Summary - Despite concerns about the S&P 500 nearing its all-time high, some stocks may still present investment opportunities aligned with current economic scenarios and expectations.

Why It Matters - The S&P 500's proximity to all-time highs raises concerns about overvaluation, yet select stocks may still present buying opportunities aligned with economic trends.

News Image

Tue, 22 Oct 2024

Sentiment - NEUTRAL

Source - Investopedia

Summary - 3M (MMM) shares fell on Tuesday due to reported sales declines in two of its business units.

Why It Matters - Sales declines in 3M's units signal potential revenue challenges, raising concerns about overall financial health and future growth prospects, which can negatively impact stock performance.

News Image

Mon, 21 Oct 2024

Sentiment - NEUTRAL

Source - Forbes

Summary - 3M (NYSE: MMM) is set to report Q3 2024 results on October 22, expecting revenue of $6.12 billion and earnings of $1.88 per share, slightly above and below consensus estimates.

Why It Matters - 3M's Q3 2024 results may impact stock prices, with expected revenue exceeding estimates but earnings slightly below. Mixed results can signal varying investor sentiment and market reaction.

...

MMM Frequently asked questions

The highest forecasted price for MMM is $165 from at Morgan Stanley.

The lowest forecasted price for MMM is $100 from from UBS

The MMM analyst ratings consensus are 5 buy ratings, 7 hold ratings, and 3 sell ratings.