3M Company (MMM) Stock Forecast, Price Target & Predictions
MMM Stock Forecast
3M Company stock forecast is as follows: an average price target of $136.00 (represents a 2.12% upside from MMM’s last price of $133.18) 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 $136.00 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 $95.00. This represents a potential 2.12% upside from MMM's last price of $133.18.
MMM Analyst Ratings
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%), 8 'Buy' (44.44%), 8 'Hold' (44.44%), 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 |
|---|---|---|---|---|---|---|
| Sep 06, 2024 | Christopher Snyder | Morgan Stanley | $125.00 | $131.40 | -4.87% | -6.14% |
| Jul 31, 2024 | Nicole Deblase | Deutsche Bank | $150.00 | $126.94 | 18.16% | 12.63% |
| Jul 30, 2024 | John Eade | Argus Research | $145.00 | $126.75 | 14.40% | 8.88% |
| Jul 29, 2024 | Deane Dray | RBC Capital | $95.00 | $125.30 | -24.18% | -28.67% |
| Jul 26, 2024 | Joe O'Dea | Wells Fargo | $110.00 | $103.39 | 6.39% | -17.41% |
| Jul 26, 2024 | Julian Mitchell | Barclays | $120.00 | $103.39 | 16.07% | -9.90% |
| Apr 02, 2024 | Deane Dray | RBC Capital | $78.00 | $94.02 | -17.04% | -41.43% |
| Apr 01, 2024 | Jonathan Sakraida | CFRA | $100.00 | $94.02 | 6.36% | -24.91% |
| Mar 20, 2024 | Deane Dray | RBC Capital | $84.00 | $108.11 | -22.30% | -36.93% |
| Mar 19, 2024 | Julian Mitchell | Barclays | $126.00 | $105.32 | 19.64% | -5.39% |
The latest 3M Company stock forecast, released on Sep 06, 2024 by Christopher Snyder from Morgan Stanley, set a price target of $125.00, which represents a -4.87% decrease from the stock price at the time of the forecast ($131.40), and a -6.14% decrease from MMM last price ($133.18).
3M Company Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 6 | 12 |
| Avg Price Target | $125.00 | $124.17 | $112.50 |
| Last Closing Price | $133.18 | $133.18 | $133.18 |
| Upside/Downside | -6.14% | -6.77% | -15.53% |
In the current month, the average price target of 3M Company stock is $125.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a -6.14% decrease as opposed to 3M Company's last price of $133.18. This month's average price target is up 0.67% compared to last quarter, and up 11.11% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 06, 2024 | Morgan Stanley | Equal-Weight | Underweight | Initialise |
| Jul 31, 2024 | Bernstein | Underperform | Outperform | Upgrade |
| Jul 29, 2024 | Bank of America Securities | Buy | Buy | Hold |
| Jul 29, 2024 | RBC Capital | Underperform | Underperform | Hold |
| Jul 29, 2024 | Deutsche Bank | Buy | Positive | Upgrade |
| Jul 29, 2024 | Deutsche Bank | Hold | Buy | Upgrade |
| Jul 26, 2024 | Citigroup | Neutral | Neutral | Hold |
| Jul 26, 2024 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
| Jul 10, 2024 | Barclays | Overweight | Overweight | Hold |
| Jun 13, 2024 | Wolfe Research | Buy | Buy | Hold |
3M Company's last stock rating was published by Morgan Stanley on Sep 06, 2024. The company Initialise its MMM rating from "Equal-Weight" to "Underweight".
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 | Jul 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 | - | $8.83B | $8.61B | $8.94B | $8.95B | $8.85B | $8.58B | $8.35B | $7.18B | $8.07B | $8.11B | $7.99B |
| Avg Forecast | $6.16B | $6.39B | $6.30B | $6.07B | $6.07B | $6.29B | $6.20B | $5.94B | $5.81B | $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 | $6.26B | $6.50B | $6.41B | $6.18B | $6.18B | $6.40B | $6.30B | $6.04B | $5.91B | $6.17B | $5.96B | $7.76B | $7.72B | $8.13B | $8.01B | $7.62B | $8.19B | $8.86B | $8.57B | $8.90B | $8.76B | $8.81B | $8.67B | $8.59B | $8.55B | $8.45B | $7.45B | $8.05B | $8.26B | $8.31B |
| Low Forecast | $6.09B | $6.32B | $6.23B | $6.01B | $6.00B | $6.22B | $6.13B | $5.87B | $5.75B | $6.05B | $5.79B | $7.54B | $7.65B | $7.90B | $7.79B | $7.40B | $7.96B | $8.61B | $8.57B | $8.58B | $8.44B | $8.49B | $8.36B | $8.28B | $8.24B | $8.15B | $7.18B | $7.76B | $7.96B | $8.01B |
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 1 | 1 | 14 | 9 | 10 | 16 | 9 | 10 | 8 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.04% | - | 1.06% | 1.07% | 1.00% | 0.99% | - | 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 $7.54B, and a high forecast of $7.76B. 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 1 | 1 | 14 | 9 | 10 | 16 | 9 | 10 | 8 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $1.24B | - | $-8.96B | $1.24B | $1.17B | $1.96B | - | $2.17B | $2.19B | $2.35B | $2.53B | $2.54B | $2.34B | $2.41B | $2.26B | $2.13B | $1.80B | $2.45B |
| Avg Forecast | $773.67M | $802.91M | $791.45M | $763.42M | $762.84M | $790.12M | $778.71M | $746.63M | $730.70M | $761.86M | $735.73M | $2.58B | $966.93M | $1.00B | $989.74M | $2.34B | $1.01B | $2.27B | $1.08B | $1.85B | $1.86B | $2.06B | $2.15B | $2.00B | $2.09B | $2.23B | $2.29B | $1.99B | $1.76B | $2.36B |
| High Forecast | $787.11M | $816.85M | $805.20M | $776.68M | $776.09M | $803.84M | $792.23M | $759.60M | $743.39M | $775.09M | $748.50M | $3.09B | $970.70M | $1.02B | $1.01B | $2.81B | $1.03B | $2.72B | $1.08B | $2.22B | $2.24B | $2.47B | $2.58B | $2.40B | $2.51B | $2.67B | $2.74B | $2.39B | $2.11B | $2.83B |
| Low Forecast | $765.08M | $793.99M | $782.66M | $754.94M | $754.36M | $781.34M | $770.05M | $738.33M | $722.58M | $760.61M | $727.55M | $2.06B | $961.90M | $993.38M | $978.74M | $1.88B | $1.00B | $1.81B | $1.08B | $1.48B | $1.49B | $1.65B | $1.72B | $1.60B | $1.67B | $1.78B | $1.83B | $1.59B | $1.40B | $1.89B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.29% | - | -9.05% | 0.53% | 1.16% | 0.87% | - | 1.17% | 1.18% | 1.14% | 1.18% | 1.27% | 1.12% | 1.08% | 0.99% | 1.07% | 1.02% | 1.04% |
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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 1 | 1 | 14 | 9 | 10 | 16 | 9 | 10 | 8 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $945.00M | - | $-6.84B | $976.00M | $541.00M | $3.86B | - | $1.30B | $1.34B | $1.43B | $1.52B | $1.62B | $1.39B | $1.41B | $1.29B | $1.29B | $969.00M | $1.58B |
| Avg Forecast | $1.05B | $1.23B | $1.14B | $1.08B | $1.03B | $1.16B | $1.10B | $1.07B | $949.10M | $1.06B | $933.93M | $1.54B | $1.07B | $1.09B | $803.92M | $1.40B | $1.10B | $1.38B | $1.12B | $1.11B | $1.14B | $1.26B | $1.29B | $1.28B | $1.24B | $1.31B | $1.30B | $1.21B | $945.93M | $1.53B |
| High Forecast | $1.07B | $1.26B | $1.16B | $1.10B | $1.05B | $1.19B | $1.12B | $1.10B | $970.53M | $1.08B | $955.02M | $1.85B | $1.09B | $1.11B | $822.07M | $1.68B | $1.12B | $1.66B | $1.12B | $1.33B | $1.37B | $1.51B | $1.55B | $1.54B | $1.49B | $1.57B | $1.57B | $1.45B | $1.14B | $1.83B |
| Low Forecast | $1.03B | $1.22B | $1.12B | $1.06B | $1.02B | $1.14B | $1.08B | $1.06B | $935.39M | $1.04B | $920.44M | $1.23B | $1.03B | $1.07B | $792.31M | $1.12B | $1.08B | $1.11B | $1.12B | $886.24M | $911.32M | $1.01B | $1.03B | $1.03B | $992.33M | $1.05B | $1.04B | $967.41M | $756.74M | $1.22B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.88% | - | -8.51% | 0.70% | 0.49% | 2.79% | - | 1.17% | 1.17% | 1.14% | 1.18% | 1.27% | 1.12% | 1.08% | 0.99% | 1.07% | 1.02% | 1.04% |
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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 1 | 1 | 14 | 9 | 10 | 16 | 9 | 10 | 8 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $1.63B | - | $12.20B | $1.71B | $2.15B | $2.00B | - | $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 | $1.99B | $1.96B | $1.89B | $1.89B | $1.96B | $1.93B | $1.85B | $1.81B | $1.89B | $1.82B | $2.15B | $2.40B | $2.49B | $2.45B | $1.96B | $2.51B | $1.68B | $2.67B | $1.55B | $1.50B | $1.52B | $1.41B | $1.37B | $1.69B | $1.53B | $1.59B | $1.64B | $1.90B | $1.37B |
| High Forecast | $1.95B | $2.02B | $1.99B | $1.92B | $1.92B | $1.99B | $1.96B | $1.88B | $1.84B | $1.92B | $1.85B | $2.58B | $2.40B | $2.53B | $2.49B | $2.35B | $2.55B | $2.01B | $2.67B | $1.86B | $1.80B | $1.83B | $1.70B | $1.64B | $2.03B | $1.84B | $1.91B | $1.97B | $2.28B | $1.64B |
| Low Forecast | $1.90B | $1.97B | $1.94B | $1.87B | $1.87B | $1.94B | $1.91B | $1.83B | $1.79B | $1.88B | $1.80B | $1.72B | $2.38B | $2.46B | $2.42B | $1.57B | $2.48B | $1.34B | $2.67B | $1.24B | $1.20B | $1.22B | $1.13B | $1.09B | $1.35B | $1.23B | $1.28B | $1.31B | $1.52B | $1.09B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.68% | - | 4.98% | 0.87% | 0.86% | 1.19% | - | 1.17% | 1.18% | 1.14% | 1.18% | 1.27% | 1.12% | 1.08% | 0.99% | 1.07% | 1.02% | 1.04% |
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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 1 | 1 | 14 | 9 | 10 | 16 | 9 | 10 | 8 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $1.70 | - | $-12.35 | $1.77 | $0.98 | $6.79 | - | $2.27 | $2.33 | $2.47 | $2.62 | $2.80 | $2.40 | $2.45 | $2.24 | $2.24 | $1.68 | $2.75 |
| Avg Forecast | $1.88 | $2.22 | $2.05 | $1.94 | $1.86 | $2.09 | $1.98 | $1.93 | $1.71 | $1.90 | $1.68 | $2.10 | $1.93 | $1.96 | $1.45 | $1.32 | $1.98 | $2.17 | $2.02 | $2.32 | $2.02 | $2.21 | $2.28 | $2.29 | $2.15 | $2.26 | $1.80 | $2.03 | $2.11 | $2.49 |
| High Forecast | $1.93 | $2.27 | $2.09 | $1.99 | $1.90 | $2.14 | $2.02 | $1.98 | $1.75 | $1.94 | $1.72 | $2.15 | $1.97 | $2.00 | $1.48 | $1.35 | $2.02 | $2.22 | $2.02 | $2.38 | $2.06 | $2.26 | $2.33 | $2.35 | $2.20 | $2.31 | $1.84 | $2.08 | $2.16 | $2.55 |
| Low Forecast | $1.86 | $2.19 | $2.02 | $1.91 | $1.83 | $2.06 | $1.95 | $1.91 | $1.69 | $1.87 | $1.66 | $2.07 | $1.85 | $1.93 | $1.43 | $1.30 | $1.95 | $2.14 | $2.02 | $2.26 | $1.97 | $2.15 | $2.22 | $2.24 | $2.10 | $2.21 | $1.76 | $1.98 | $2.06 | $2.43 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.88% | - | -8.52% | 1.34% | 0.50% | 3.12% | - | 0.98% | 1.16% | 1.12% | 1.15% | 1.22% | 1.12% | 1.08% | 1.24% | 1.10% | 0.80% | 1.10% |
According to 1 Wall Street analysts, 3M Company's projected average Quarter EPS for Mar 24 is $2.10, with a low estimate of $2.07 and a high estimate of $2.15. This represents a 23.46% increase compared to MMM previous annual EPS of $1.70 (Dec 23).
3M Company Peer Comparison by Price Target
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 8 'Buy' recommendations, accounting for 44.44% of MMM's total ratings.
What is MMM's price target?
3M Company (MMM) average price target is $136 with a range of $95 to $190, implying a 2.12% from its last price of $133.18. 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 2.12% (from the last price of $133.18 to the average price target of $136), up by 42.66% based on the highest stock price target, and down by -28.67% based on the lowest stock price target.
Can 3M Company stock reach $200?
MMM's average twelve months analyst stock price target of $136 does not support the claim that 3M Company can reach $200 in the near future.
What is 3M Company's current price target trend?
1 Wall Street analyst forecast a $125 price target for 3M Company (MMM) this month, down -6.14% from its last price of $133.18. Compared to the last 3 and 12 months, the average price target decreased by -6.77% and decreased by -15.53%, 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 $24.49B (high $24.92B, low $24.22B), average EBITDA is $3.08B (high $3.13B, low $3.04B), average net income is $4.36B (high $4.46B, low $4.3B), average SG&A $7.63B (high $7.76B, low $7.54B), and average EPS is $7.86 (high $8.04, low $7.75). MMM's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $24.92B (high $25.35B, low $24.64B), average EBITDA is $3.13B (high $3.19B, low $3.1B), average net income is $4.49B (high $4.59B, low $4.43B), average SG&A $7.76B (high $7.89B, low $7.67B), and average EPS is $8.1 (high $8.28, low $7.98).
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 $5.31B by -272.05%. The company's net income was $-6.995B, missing the average estimation of $4.36B by -260.33%. Apple's SG&A was $21.53B, beating the average forecast of $9.29B by 131.62%. 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, beating the average prediction of $966.93M by 28.55%. 3M Company's net income was $945M, missing the average estimation of $1.07B by -11.75%. The company's SG&A was $1.62B, missing the average forecast of $2.4B by -32.16%. Lastly, the company's EPS was $1.7, missing the average prediction of $1.93 by -11.92%