3M Company Stock Forecast

Stock Price Forecast

The 13 analysts with 12-month price forecasts for 3M Company stock have an average target of 115.23, with a low estimate of 87 and a high estimate of 159. The average target predicts an increase of 14.62% from the current stock price of 100.53.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$87	$115.23	$113	$159
Change	-13.46%	+14.62%	+12.40%	+58.16%

Analyst Ratings

The average analyst rating for 3M Company stock from 13 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jan '24	Feb '24	Mar '24	Apr '24	May '24	Jun '24
Strong Buy	1	1	1	1	3	4
Buy	0	0	1	1	2	3
Hold	12	12	9	9	8	5
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	14	14	12	12	14	13

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Nigel Coe Wolfe Research	Wolfe Research	Hold → Buy Upgrades $125	Hold → Buy	Upgrades	$125	+24.34%	Jun 13, 2024
Andrew Obin B of A Securities	B of A Securities	Hold → Strong Buy Upgrades $105 → $120	Hold → Strong Buy	Upgrades	$105 → $120	+19.37%	Jun 7, 2024
Julian Mitchell Barclays	Barclays	Buy Maintains $112 → $118	Buy	Maintains	$112 → $118	+17.38%	May 28, 2024
Jeffrey Sprague Vertical Research	Vertical Research	Hold → Strong Buy Upgrades $92 → $140	Hold → Strong Buy	Upgrades	$92 → $140	+39.26%	May 16, 2024
Wesley Brooks HSBC	HSBC	Hold → Strong Buy Upgrades $91 → $115	Hold → Strong Buy	Upgrades	$91 → $115	+14.39%	May 10, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

23.80B

from 32.68B

-27.19%

from 32.68B

Revenue Next Year

24.57B

from 23.80B

3.27%

from 23.80B

EPS This Year

7.21

from -12.63

EPS Next Year

7.88

from 7.21

9.28%

from 7.21

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	32.14B	32.18B	35.36B	34.23B	32.68B	23.80B	24.57B	25.19B	27.43B	28.42B
Revenue Growth	-1.92%	0.15%	9.85%	-3.18%	-4.52%	-27.19%	3.27%	2.51%	8.89%	3.62%
EPS	7.72	9.36	10.12	10.18	-12.63	7.21	7.88	8.40	9.29	9.90
EPS Growth	-13.16%	21.24%	8.12%	0.59%	-	-	9.28%	6.54%	10.64%	6.52%
Forward PE	-	-	-	-	-	13.94	12.75	11.97	10.82	10.16
No. Analysts	-	-	-	-	-	21	21	14	2	2

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	24.9B	26.0B	26.8B	28.5B	29.5B
Avg	23.8B	24.6B	25.2B	27.4B	28.4B
Low	22.8B	23.2B	23.8B	26.6B	27.6B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	-23.7%	9.2%	8.9%	13.2%	7.7%
Avg	-27.2%	3.3%	2.5%	8.9%	3.6%
Low	-30.1%	-2.5%	-3.3%	5.7%	0.5%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	7.67	8.85	9.32	9.66	10.29
Avg	7.21	7.88	8.40	9.29	9.90
Low	6.77	7.33	7.64	9.02	9.60

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	-	22.7%	18.3%	15.0%	10.7%
Avg	-	9.3%	6.5%	10.6%	6.5%
Low	-	1.6%	-3.0%	7.3%	3.4%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.