3M Company (MMM) Stock Forecast, Price Target & Predictions

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MMM Stock Forecast

3M Company stock forecast is as follows: an average price target of $147.19 (represents a 14.82% upside from MMM’s last price of $128.19) and a rating consensus of 'Buy', based on 18 wall street analysts offering a 1-year stock forecast.

MMM Price Target

The average price target for 3M Company (MMM) is $147.19 based on 1-year price targets from 18 Wall Street analysts in the past 3 months, with a price target range of $190.00 to $100.00. This represents a potential 14.82% upside from MMM's last price of $128.19.

MMM Analyst Ratings

Buy

According to 18 Wall Street analysts, 3M Company's rating consensus is 'Buy'. The analyst rating breakdown for MMM stock is 0 'Strong Buy' (0.00%), 9 'Buy' (50.00%), 7 'Hold' (38.89%), 2 'Sell' (11.11%), and 0 'Strong Sell' (0.00%).

3M Company Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Nov 12, 2024	Markus Mittermaier	UBS	$184.00	$130.35	41.16%	43.54%
Oct 23, 2024	Andrew Obin	Bank of America Securities	$160.00	$129.04	23.99%	24.81%
Oct 23, 2024	Deane Dray	RBC Capital	$100.00	$131.73	-24.09%	-21.99%
Oct 22, 2024	Jonathan Sakraida	CFRA	$165.00	$131.73	25.26%	28.72%
Oct 22, 2024	Andrew Kaplowitz	Citigroup	$133.00	$134.84	-1.36%	3.75%
Oct 16, 2024	Brett Linzey	Mizuho Securities	$146.00	$135.73	7.57%	13.89%
Oct 02, 2024	Julian Mitchell	Barclays	$160.00	$137.06	16.74%	24.81%
Sep 24, 2024	Laurence Alexander	Jefferies	$146.00	$135.64	7.64%	13.89%
Sep 06, 2024	Christopher Snyder	Morgan Stanley	$125.00	$131.40	-4.87%	-2.49%
Jul 31, 2024	Nicole Deblase	Deutsche Bank	$150.00	$126.94	18.16%	17.01%

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The latest 3M Company stock forecast, released on Nov 12, 2024 by Markus Mittermaier from UBS, set a price target of $184.00, which represents a 41.16% increase from the stock price at the time of the forecast ($130.35), and a 43.54% increase from MMM last price ($128.19).

3M Company Price Target by Period

	1M	3M	12M
# Anlaysts	5	9	19
Avg Price Target	$148.40	$146.56	$127.95
Last Closing Price	$128.19	$128.19	$128.19
Upside/Downside	15.77%	14.33%	-0.19%

In the current month, the average price target of 3M Company stock is $148.40, according to 5 Wall Street analysts offering twelve months forecast. The average price target represents a 15.77% increase as opposed to 3M Company's last price of $128.19. This month's average price target is up 1.26% compared to last quarter, and up 15.98% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Nov 12, 2024	UBS	Buy	Buy	Upgrade
Oct 23, 2024	Bank of America Securities	Buy	Buy	Hold
Oct 23, 2024	RBC Capital	Underperform	Underperform	Hold
Oct 23, 2024	Barclays	Overweight	Overweight	Hold
Oct 22, 2024	CFRA	Buy	Buy	Hold
Oct 22, 2024	Citigroup	Neutral	Neutral	Hold
Oct 02, 2024	Barclays	Overweight	Overweight	Hold
Sep 24, 2024	Jefferies	Hold	Hold	Hold
Sep 06, 2024	Morgan Stanley	Equal-Weight	Underweight	Initialise
Jul 31, 2024	Bernstein	Underperform	Outperform	Upgrade

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3M Company's last stock rating was published by UBS on Nov 12, 2024. The company gave MMM a "Buy" rating, the same as its previous rate.

3M Company Financial Forecast

3M Company Revenue Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	$8.01B	-	$8.32B	$8.03B	$8.08B	$8.62B	$8.70B	$8.83B	$8.61B	$8.94B	$8.95B	$8.85B	$8.58B	$8.35B	$7.18B	$8.07B	$8.11B	$7.99B
Avg Forecast	$6.14B	$6.43B	$6.33B	$6.08B	$5.98B	$6.25B	$6.17B	$5.89B	$5.78B	$6.06B	$5.85B	$7.63B	$7.69B	$7.99B	$7.88B	$7.49B	$8.05B	$8.71B	$8.57B	$8.75B	$8.61B	$8.65B	$8.53B	$8.44B	$8.40B	$8.31B	$7.32B	$7.91B	$8.11B	$8.17B
High Forecast	$6.36B	$6.66B	$6.55B	$6.30B	$6.19B	$6.47B	$6.39B	$5.92B	$5.79B	$6.06B	$5.85B	$7.63B	$7.72B	$7.99B	$8.16B	$7.75B	$8.34B	$8.71B	$8.57B	$8.75B	$8.61B	$8.65B	$8.53B	$8.44B	$8.40B	$8.31B	$7.32B	$7.91B	$8.11B	$8.17B
Low Forecast	$6.08B	$6.37B	$6.26B	$6.02B	$5.92B	$6.19B	$6.11B	$5.86B	$5.73B	$6.06B	$5.85B	$7.63B	$7.65B	$7.99B	$7.80B	$7.41B	$7.97B	$8.71B	$8.57B	$8.75B	$8.61B	$8.65B	$8.53B	$8.44B	$8.40B	$8.31B	$7.32B	$7.91B	$8.11B	$8.17B
# Analysts	2	2	2	2	1	1	1	4	7	3	1	1	2	1	1	1	1	1	1	1	1	1	1	1	10	16	8	11	7	11
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	1.04%	-	1.06%	1.07%	1.00%	0.99%	1.02%	1.01%	1.00%	1.03%	1.05%	1.05%	1.02%	1.00%	0.98%	1.02%	1.00%	0.98%

3M Company's average Quarter revenue forecast for Mar 24 based on 1 analysts is $7.63B, with a low forecast of $7.63B, and a high forecast of $7.63B. MMM's average Quarter revenue forecast represents a -4.80% decrease compared to the company's last Quarter revenue of $8.01B (Dec 23).

3M Company EBITDA Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	2	2	2	2	1	1	1	4	7	3	1	1	2	1	1	1	1	1	1	1	1	1	1	1	10	16	8	11	7	11
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	$1.24B	-	$-8.96B	$1.24B	$1.17B	$1.96B	$110.00M	$2.17B	$2.19B	$2.35B	$2.53B	$2.54B	$2.34B	$2.41B	$2.26B	$2.13B	$1.80B	$2.45B
Avg Forecast	$1.04B	$1.09B	$1.07B	$1.03B	$1.01B	$1.06B	$1.05B	$998.70M	$980.54M	$1.03B	$992.38M	$2.58B	$1.30B	$1.35B	$1.34B	$2.34B	$2.05B	$1.09B	$1.08B	$1.85B	$1.08B	$1.09B	$1.07B	$2.00B	$1.06B	$1.04B	$920.20M	$1.99B	$1.02B	$1.03B
High Forecast	$1.08B	$1.13B	$1.11B	$1.07B	$1.05B	$1.10B	$1.08B	$1.00B	$982.24M	$1.03B	$992.38M	$3.09B	$1.31B	$1.35B	$1.38B	$2.81B	$2.46B	$1.09B	$1.08B	$2.22B	$1.08B	$1.09B	$1.07B	$2.40B	$1.06B	$1.04B	$920.20M	$2.39B	$1.02B	$1.03B
Low Forecast	$1.03B	$1.08B	$1.06B	$1.02B	$1.00B	$1.05B	$1.04B	$993.59M	$971.01M	$1.03B	$992.38M	$2.06B	$1.30B	$1.35B	$1.32B	$1.88B	$1.64B	$1.09B	$1.08B	$1.48B	$1.08B	$1.09B	$1.07B	$1.60B	$1.06B	$1.04B	$920.20M	$1.59B	$1.02B	$1.03B
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	0.95%	-	-6.71%	0.53%	0.57%	1.79%	0.10%	1.17%	2.03%	2.16%	2.36%	1.27%	2.22%	2.31%	2.46%	1.07%	1.76%	2.39%

1 analysts predict MMM's average Quarter EBITDA for Mar 24 to be $2.58B, with a high of $3.09B and a low of $2.06B. This is 107.46% upper than 3M Company's previous annual EBITDA (Dec 23) of $1.24B.

3M Company Net Income Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	2	2	2	2	1	1	1	4	7	3	1	1	2	1	1	1	1	1	1	1	1	1	1	1	10	16	8	11	7	11
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	$945.00M	-	$-6.84B	$976.00M	$541.00M	$3.86B	$78.00M	$1.30B	$1.34B	$1.43B	$1.52B	$1.62B	$1.39B	$1.41B	$1.29B	$1.29B	$969.00M	$1.58B
Avg Forecast	$1.06B	$1.27B	$1.19B	$1.18B	$1.02B	$1.18B	$1.11B	$1.07B	$926.65M	$1.05B	$930.39M	$1.54B	$1.07B	$1.08B	$800.88M	$1.40B	$1.25B	$1.21B	$1.12B	$1.11B	$935.22M	$1.02B	$1.06B	$1.28B	$997.46M	$1.05B	$835.54M	$1.21B	$979.14M	$1.16B
High Forecast	$1.11B	$1.33B	$1.24B	$1.23B	$1.07B	$1.24B	$1.16B	$1.07B	$943.39M	$1.05B	$930.49M	$1.85B	$1.09B	$1.13B	$838.15M	$1.68B	$1.50B	$1.21B	$1.12B	$1.33B	$935.22M	$1.02B	$1.06B	$1.54B	$997.46M	$1.05B	$835.54M	$1.45B	$979.14M	$1.16B
Low Forecast	$1.04B	$1.25B	$1.17B	$1.16B	$1.01B	$1.17B	$1.09B	$1.06B	$915.48M	$1.05B	$930.29M	$1.23B	$1.03B	$1.07B	$790.76M	$1.12B	$1.00B	$1.21B	$1.12B	$886.24M	$935.22M	$1.02B	$1.06B	$1.03B	$997.46M	$1.05B	$835.54M	$967.41M	$979.14M	$1.16B
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	0.89%	-	-8.54%	0.70%	0.43%	3.20%	0.07%	1.17%	1.43%	1.40%	1.44%	1.27%	1.39%	1.35%	1.54%	1.07%	0.99%	1.37%

3M Company's average Quarter net income forecast for Mar 24 is $1.54B, with a range of $1.23B to $1.85B. MMM's average Quarter net income forecast represents a 63.12% increase compared to the company's last Quarter net income of $945.00M (Dec 23).

3M Company SG&A Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	2	2	2	2	1	1	1	4	7	3	1	1	2	1	1	1	1	1	1	1	1	1	1	1	10	16	8	11	7	11
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	$1.63B	-	$12.20B	$1.71B	$2.15B	$2.00B	$3.02B	$1.81B	$1.77B	$1.74B	$1.67B	$1.73B	$1.89B	$1.66B	$1.58B	$1.75B	$1.95B	$1.42B
Avg Forecast	$1.92B	$2.01B	$1.97B	$1.90B	$1.87B	$1.95B	$1.93B	$1.84B	$1.81B	$1.89B	$1.83B	$2.15B	$2.40B	$2.49B	$2.46B	$1.96B	$1.65B	$2.71B	$2.67B	$1.55B	$2.68B	$2.69B	$2.65B	$1.37B	$2.62B	$2.59B	$2.28B	$1.64B	$2.53B	$2.54B
High Forecast	$1.98B	$2.08B	$2.05B	$1.97B	$1.93B	$2.02B	$2.00B	$1.85B	$1.81B	$1.89B	$1.83B	$2.58B	$2.41B	$2.49B	$2.55B	$2.35B	$1.98B	$2.71B	$2.67B	$1.86B	$2.68B	$2.69B	$2.65B	$1.64B	$2.62B	$2.59B	$2.28B	$1.97B	$2.53B	$2.54B
Low Forecast	$1.90B	$1.99B	$1.96B	$1.88B	$1.85B	$1.93B	$1.91B	$1.83B	$1.79B	$1.89B	$1.83B	$1.72B	$2.39B	$2.49B	$2.43B	$1.57B	$1.32B	$2.71B	$2.67B	$1.24B	$2.68B	$2.69B	$2.65B	$1.09B	$2.62B	$2.59B	$2.28B	$1.31B	$2.53B	$2.54B
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	0.68%	-	4.96%	0.87%	1.30%	0.74%	1.13%	1.17%	0.66%	0.65%	0.63%	1.27%	0.72%	0.64%	0.69%	1.07%	0.77%	0.56%

3M Company's average Quarter SG&A projection for Mar 24 is $2.15B, based on 1 Wall Street analysts, with a range of $1.72B to $2.58B. The forecast indicates a 32.54% rise compared to MMM last annual SG&A of $1.63B (Dec 23).

3M Company EPS Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	2	2	2	2	1	1	1	4	7	3	1	1	2	1	1	1	1	1	1	1	1	1	1	1	10	16	8	11	7	11
EPS	-	-	-	-	-	-	-	-	-	-	-	-	$1.70	-	$-12.35	$1.77	$0.98	$6.79	$0.14	$2.27	$2.33	$2.47	$2.62	$2.80	$2.40	$2.45	$2.24	$2.24	$1.68	$2.75
Avg Forecast	$1.91	$2.29	$2.15	$2.13	$1.85	$2.14	$2.00	$1.93	$1.68	$1.90	$1.68	$2.10	$1.93	$1.96	$1.45	$1.32	$1.98	$2.17	$2.02	$1.94	$1.69	$1.84	$1.91	$1.92	$1.80	$1.89	$1.51	$1.70	$1.76	$2.08
High Forecast	$2.00	$2.40	$2.25	$2.23	$1.93	$2.24	$2.09	$1.94	$1.71	$1.91	$1.68	$2.10	$1.97	$2.05	$1.52	$1.38	$1.99	$2.17	$2.02	$1.94	$1.69	$1.84	$1.91	$1.92	$1.80	$1.89	$1.51	$1.70	$1.76	$2.08
Low Forecast	$1.89	$2.26	$2.12	$2.10	$1.82	$2.12	$1.97	$1.91	$1.66	$1.90	$1.68	$2.10	$1.85	$1.93	$1.43	$1.27	$1.96	$2.17	$2.02	$1.94	$1.69	$1.84	$1.91	$1.92	$1.80	$1.89	$1.51	$1.70	$1.76	$2.08
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	0.88%	-	-8.52%	1.34%	0.50%	3.12%	0.07%	1.17%	1.38%	1.34%	1.38%	1.46%	1.33%	1.30%	1.49%	1.32%	0.95%	1.32%

According to 1 Wall Street analysts, 3M Company's projected average Quarter EPS for Mar 24 is $2.10, with a low estimate of $2.10 and a high estimate of $2.10. This represents a 23.46% increase compared to MMM previous annual EPS of $1.70 (Dec 23).

3M Company Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
MDU	MDU Resources Group	$18.74	$31.00	65.42%	Hold
BBU	Brookfield Business Partners	$24.16	$31.50	30.38%	Buy
MMM	3M Company	$128.19	$147.19	14.82%	Buy
CODI	Compass Diversified	$22.97	$26.00	13.19%	-
VMI	Valmont Industries	$339.63	$328.33	-3.33%	Hold
GFF	Griffon	$76.09	$67.00	-11.95%	Strong Buy

MMM Forecast FAQ

Is 3M Company a good buy?

Yes, according to 18 Wall Street analysts, 3M Company (MMM) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 9 'Buy' recommendations, accounting for 50.00% of MMM's total ratings.

What is MMM's price target?

3M Company (MMM) average price target is $147.19 with a range of $100 to $190, implying a 14.82% from its last price of $128.19. The data is based on 18 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will 3M Company stock go up soon?

According to Wall Street analysts' prediction for MMM stock, the company can go up by 14.82% (from the last price of $128.19 to the average price target of $147.19), up by 48.22% based on the highest stock price target, and down by -21.99% based on the lowest stock price target.

Can 3M Company stock reach $200?

MMM's average twelve months analyst stock price target of $147.19 does not support the claim that 3M Company can reach $200 in the near future.

What is 3M Company's current price target trend?

5 Wall Street analysts forecast a $148.4 price target for 3M Company (MMM) this month, up 15.77% from its last price of $128.19. Compared to the last 3 and 12 months, the average price target increased by 14.33% and decreased by -0.19%, respectively.

What are 3M Company's analysts' financial forecasts?

3M Company's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $24.29B (high $24.98B, low $24.08B), average EBITDA is $4.12B (high $4.23B, low $4.08B), average net income is $4.38B (high $4.54B, low $4.32B), average SG&A $7.58B (high $7.8B, low $7.52B), and average EPS is $7.92 (high $8.21, low $7.82). MMM's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $24.98B (high $25.87B, low $24.73B), average EBITDA is $4.23B (high $4.39B, low $4.19B), average net income is $4.69B (high $4.91B, low $4.63B), average SG&A $7.8B (high $8.07B, low $7.72B), and average EPS is $8.48 (high $8.88, low $8.38).

Did the MMM's actual financial results beat the analysts' financial forecasts?

Based on 3M Company's last annual report (Dec 2023), the company's revenue was $32.68B, beating the average analysts forecast of $31.05B by 5.26%. Apple's EBITDA was $-9.128B, missing the average prediction of $6.34B by -244.01%. The company's net income was $-6.995B, missing the average estimation of $4.35B by -260.74%. Apple's SG&A was $21.53B, beating the average forecast of $9.31B by 131.16%. Lastly, the company's EPS was $-12.63, missing the average prediction of $6.66 by -289.61%. In terms of the last quarterly report (Dec 2023), 3M Company's revenue was $8.01B, beating the average analysts' forecast of $7.69B by 4.15%. The company's EBITDA was $1.24B, missing the average prediction of $1.3B by -4.69%. 3M Company's net income was $945M, missing the average estimation of $1.07B by -11.41%. The company's SG&A was $1.62B, missing the average forecast of $2.4B by -32.33%. Lastly, the company's EPS was $1.7, missing the average prediction of $1.93 by -11.92%