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

OverviewRevenueOwnershipFinancialsChartTranscripts

MMM Stock Forecast

3M stock forecast is as follows: an average price target of $143.67 (represents a 10.27% upside from MMM’s last price of $130.29) 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 (MMM) is $143.67 based on 1-year price targets from 18 Wall Street analysts in the past 3 months, with a price target range of $184.00 to $100.00. This represents a potential 10.27% upside from MMM's last price of $130.29.

MMM Analyst Ratings

Buy

According to 18 Wall Street analysts, 3M'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 Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 12, 2024Markus MittermaierUBS$184.00$130.3541.16%41.22%
Oct 23, 2024Andrew ObinBank of America Securities$160.00$129.0423.99%22.80%
Oct 23, 2024Deane DrayRBC Capital$100.00$131.73-24.09%-23.25%
Oct 22, 2024Jonathan SakraidaCFRA$165.00$131.7325.26%26.64%
Oct 22, 2024Andrew KaplowitzCitigroup$133.00$134.84-1.36%2.08%
Oct 16, 2024Brett LinzeyMizuho Securities$146.00$135.737.57%12.06%
Oct 02, 2024Julian MitchellBarclays$160.00$137.0616.74%22.80%
Sep 24, 2024Laurence AlexanderJefferies$146.00$135.647.64%12.06%
Sep 06, 2024Christopher SnyderMorgan Stanley$125.00$131.40-4.87%-4.06%
Jul 31, 2024Nicole DeblaseDeutsche Bank$150.00$126.9418.16%15.13%
Jul 30, 2024John EadeArgus Research$145.00$126.7514.40%11.29%
Jul 29, 2024Deane DrayRBC Capital$95.00$125.30-24.18%-27.09%
Jul 26, 2024Joe O'DeaWells Fargo$110.00$103.396.39%-15.57%
Jul 26, 2024Julian MitchellBarclays$120.00$103.3916.07%-7.90%
Apr 02, 2024Deane DrayRBC Capital$78.00$94.02-17.04%-40.13%
Apr 01, 2024Jonathan SakraidaCFRA$100.00$94.026.36%-23.25%
Mar 20, 2024Deane DrayRBC Capital$84.00$108.11-22.30%-35.53%
Mar 19, 2024Julian MitchellBarclays$126.00$105.3219.64%-3.29%
Feb 15, 2024Andrew KaplowitzCitigroup$104.00$92.4212.53%-20.18%
Sep 28, 2023Joshua PokrzywinskiMorgan Stanley$113.00$93.0021.51%-13.27%
May 25, 2023Stephen TusaJ.P. Morgan$105.00$97.038.21%-19.41%
May 10, 2023Joshua PokrzywinskiMorgan Stanley$102.00$100.961.03%-21.71%
Dec 27, 2022Brett LinzeyMizuho Securities$130.00$120.667.74%-0.22%
Jul 15, 2022Joseph O’DeaWells Fargo$137.00$128.316.77%5.15%
Jul 14, 2022Nicole DeBlaseDeutsche Bank$146.00$128.3713.73%12.06%
Jul 14, 2022Julian MitchellBarclays$143.00$126.5912.96%9.76%
Jun 20, 2022Laurence AlexanderJefferies$145.00$129.8411.68%11.29%
Apr 27, 2022Barclays$146.00$145.410.41%12.06%
Apr 27, 2022Credit Suisse$161.00$144.8811.13%23.57%
Apr 27, 2022Morgan Stanley$138.00$144.87-4.74%5.92%
Apr 27, 2022RBC Capital$138.00$144.22-4.31%5.92%
Apr 19, 2022Nicole DeBlaseDeutsche Bank$167.00$146.1814.24%28.18%
Apr 05, 2022Julian MitchellBarclays$155.00$148.904.10%18.97%
Feb 21, 2022Joseph O’DeaWells Fargo$173.00$147.6217.19%32.78%
Feb 15, 2022Brett LinzeyMizuho Securities$170.00$155.839.09%30.48%
Feb 15, 2022Nicole DeblaseDeutsche Bank$182.00$155.8316.79%39.69%
Jan 26, 2022Nigel CoeWolfe Research$190.00$167.6813.31%45.83%
Jan 26, 2022John EadeArgus Research$190.00$167.6813.31%45.83%
Jan 26, 2022John WalshCredit Suisse$195.00$169.3015.18%49.67%
Jan 10, 2022Brendan LueckeBernstein$175.00$175.71-0.40%34.32%
Sep 17, 2021Andrew ObinBank of America Securities$185.00$178.303.76%41.99%

The latest 3M 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 41.22% increase from MMM last price ($130.29).

3M Price Target by Period

1M3M12M
# Anlaysts-619
Avg Price Target-$148.00$127.95
Last Closing Price$130.29$130.29$130.29
Upside/Downside-100.00%13.59%-1.80%

In the current month, the average price target of 3M stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to 3M's last price of $130.29. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Nov 12, 2024UBSBuyBuyUpgrade
Oct 23, 2024Bank of America SecuritiesBuyBuyHold
Oct 23, 2024RBC CapitalUnderperformUnderperformHold
Oct 23, 2024BarclaysOverweightOverweightHold
Oct 22, 2024CFRABuyBuyHold
Oct 22, 2024CitigroupNeutralNeutralHold
Oct 02, 2024BarclaysOverweightOverweightHold
Sep 24, 2024JefferiesHoldHoldHold
Sep 06, 2024Morgan StanleyEqual-WeightUnderweightInitialise
Jul 31, 2024BernsteinUnderperformOutperformUpgrade
Jul 29, 2024Bank of America SecuritiesBuyBuyHold
Jul 29, 2024RBC CapitalUnderperformUnderperformHold
Jul 29, 2024Deutsche BankBuyPositiveUpgrade
Jul 29, 2024Deutsche BankHoldBuyUpgrade
Jul 26, 2024Wells FargoEqual-WeightEqual-WeightHold
Jul 26, 2024CitigroupNeutralNeutralHold
Jul 10, 2024BarclaysOverweightOverweightHold
Jun 13, 2024Wolfe ResearchBuyBuyHold
Jun 13, 2024Wolfe ResearchOutperformUpgrade
Jun 07, 2024Bank of America SecuritiesNeutralBuyUpgrade
May 28, 2024Vertical ResearchBuyBuyHold
May 28, 2024BarclaysOverweightOverweightHold
May 16, 2024Vertical ResearchBuyUpgrade
May 10, 2024UBSBuyBuyHold
May 10, 2024HSBCBuyUpgrade
May 01, 2024CitigroupNeutralNeutralHold
May 01, 2024BarclaysOverweightOverweightHold
Apr 17, 2024Wells FargoEqual-WeightEqual-WeightHold
Apr 08, 2024CitigroupNeutralNeutralHold
Apr 02, 2024RBC CapitalUnderperformUnderperformHold
Apr 02, 2024Bank of America SecuritiesNeutralNeutralHold
Apr 01, 2024CFRAHoldHoldHold
Mar 27, 2024Wells FargoEqual-WeightEqual-WeightHold
Mar 19, 2024BarclaysEqual-WeightOverweightUpgrade
Feb 15, 2024CitigroupNeutralNeutralHold
Jan 23, 2024Bank of America SecuritiesNeutralNeutralHold
Jan 16, 2024SusquehannaNeutralNeutralHold
Dec 04, 2023BarclaysUnderweightEqual-WeightUpgrade
Oct 25, 2023RBC CapitalUnderperformUnderperformHold
Oct 25, 2023CitigroupNeutralNeutralHold
Oct 25, 2023BarclaysUnderweightUnderweightHold
Aug 31, 2023Morgan StanleyUnderweightEqual-WeightUpgrade
Aug 11, 2023Morgan StanleyUnderweightUnderweightHold
Jul 13, 2023CitigroupNeutralNeutralHold
Jul 11, 2023Bank of America SecuritiesNeutralUpgrade
Jun 09, 2023UBSNeutralNeutralHold
May 25, 2023Deutsche BankHoldHoldHold
Mar 22, 2023BarclaysUnderweightUnderweightHold
Feb 24, 2023UBSSellSellHold
Oct 03, 2022BarclaysUnderweightUnderweightHold
Sep 09, 2022UBSSellNeutralUpgrade
Sep 09, 2022BarclaysUnderweightEqual-WeightDowngrade
Sep 09, 2022GuggenheimUnderperformDowngrade
Sep 09, 2022William BlairMarket PerformDowngrade
Sep 09, 2022Morgan StanleyUnderweightEqual-WeightDowngrade
Sep 09, 2022Redburn PartnersSellInitialise
Sep 09, 2022BernsteinUnderperformDowngrade
Jul 27, 2022CitigroupNeutralNeutralHold
Jul 14, 2022Deutsche BankHoldHoldHold
Jul 14, 2022BarclaysUnderweightUnderweightHold
Jun 20, 2022JefferiesHoldHoldHold
Apr 28, 2022Argus ResearchHoldDowngrade
Apr 27, 2022BarclaysUnderweightUnderweightHold
Apr 27, 2022Credit SuisseNeutralNeutralHold
Apr 27, 2022Morgan StanleyUnderweightUnderweightHold
Apr 27, 2022RBC CapitalUnderperformUnderperformHold
Apr 19, 2022Deutsche BankHoldHoldHold
Apr 05, 2022BarclaysUnderweightUnderweightHold
Jan 26, 2022Credit SuisseNeutralNeutralHold
Jan 09, 2022BarclaysUnderweightUnderweightHold
Dec 12, 2021Deutsche BankHoldHoldHold
Dec 05, 2021RBC CapitalSector PerformSector PerformHold
Sep 19, 2021UBSSellSellHold

3M'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 Financial Forecast

3M Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 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$5.95B$6.23B$6.13B$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$6.19B$6.49B$6.38B$6.13B$6.00B$6.28B$6.19B$5.92B$5.79B$6.06B$5.85B$7.63B$7.72B$7.99B$7.94B$7.55B$8.44B$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$6.07B$6.36B$6.26B$6.01B$5.89B$6.16B$6.07B$5.86B$5.71B$6.06B$5.85B$7.63B$7.65B$7.99B$7.79B$7.40B$7.93B$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
# Analysts2222111473112111111111111016811711
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'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 EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts2222111473112111111111111016811711
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$1.04B$997.77M$979.29M$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$1.05B$1.10B$1.08B$1.04B$1.02B$1.06B$1.05B$1.00B$980.98M$1.03B$992.38M$3.09B$1.31B$1.35B$1.35B$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$997.99M$1.04B$1.03B$992.67M$968.72M$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's previous annual EBITDA (Dec 23) of $1.24B.

3M Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts2222111473112111111111111016811711
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$1.08B$1.06B$923.48M$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$1.07B$1.28B$1.20B$1.19B$1.03B$1.19B$1.09B$1.06B$945.87M$1.05B$930.49M$1.85B$1.09B$1.09B$809.51M$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$1.00B$1.16B$1.07B$1.05B$895.50M$1.05B$930.29M$1.23B$1.03B$1.07B$789.65M$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'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 SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts2222111473112111111111111016811711
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$1.86B$1.94B$1.91B$1.84B$1.80B$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$1.93B$2.02B$1.99B$1.91B$1.87B$1.96B$1.93B$1.85B$1.81B$1.89B$1.83B$2.58B$2.41B$2.49B$2.48B$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$1.89B$1.99B$1.95B$1.88B$1.84B$1.92B$1.89B$1.83B$1.78B$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'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 EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts2222111473112111111111111016811711
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$1.84$2.13$1.96$1.92$1.67$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$1.93$2.32$2.17$2.15$1.86$2.15$1.98$1.93$1.71$1.91$1.68$2.10$1.97$1.98$1.46$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$1.81$2.10$1.93$1.90$1.62$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'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 Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
BBUBrookfield Business Partners$22.58$32.0041.72%Buy
GFFGriffon$72.26$84.0016.25%Strong Buy
CODICompass Diversified$22.48$26.0015.66%
VMIValmont Industries$307.78$347.5012.91%Hold
MMM3M$130.29$143.6710.27%Buy
MDUMDU Resources Group$17.93$17.17-4.24%Hold

MMM Forecast FAQ

Is 3M a good buy?

Yes, according to 18 Wall Street analysts, 3M (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 (MMM) average price target is $143.67 with a range of $100 to $184, implying a 10.27% from its last price of $130.29. The data is based on 18 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will 3M stock go up soon?

According to Wall Street analysts' prediction for MMM stock, the company can go up by 10.27% (from the last price of $130.29 to the average price target of $143.67), up by 41.22% based on the highest stock price target, and down by -23.25% based on the lowest stock price target.

Can 3M stock reach $200?

MMM's average twelve months analyst stock price target of $143.67 does not support the claim that 3M can reach $200 in the near future.

What are 3M's analysts' financial forecasts?

3M's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $24.2B (high $24.38B, low $23.97B), average EBITDA is $4.1B (high $4.13B, low $4.06B), average net income is $4.34B (high $4.38B, low $4.28B), average SG&A $7.55B (high $7.61B, low $7.48B), and average EPS is $7.85 (high $7.92, low $7.74). MMM's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $24.98B (high $25.18B, low $24.71B), average EBITDA is $4.23B (high $4.27B, low $4.19B), average net income is $4.69B (high $4.74B, low $4.62B), average SG&A $7.8B (high $7.86B, low $7.71B), and average EPS is $8.48 (high $8.57, low $8.36).

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

Based on 3M'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'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'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%