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.
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.
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 |
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
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
Revenue From 2021
Revenue From 2022
Revenue From 2023
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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.
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.
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.
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.
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.
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.