3M Company (MMM)
NYSE: MMM · Real-Time Price · USD
127.32
-0.52 (-0.41%)
At close: Nov 21, 2024, 4:00 PM
128.40
+1.08 (0.85%)
After-hours: Nov 21, 2024, 4:52 PM EST
3M Company Stock Forecast
Stock Price Forecast
The 15 analysts with 12-month price forecasts for 3M Company stock have an average target of 144.87, with a low estimate of 100 and a high estimate of 184. The average target predicts an increase of 13.78% from the current stock price of 127.32.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for 3M Company stock from 15 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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 5 | 5 | 5 | 6 | 7 |
| Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Hold | 5 | 5 | 5 | 4 | 4 | 3 |
| Sell | 1 | 1 | 1 | 2 | 2 | 2 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 13 | 14 | 14 | 14 | 15 | 15 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| UBS | UBS | Hold → Strong Buy Upgrades $130 → $184 | Hold → Strong Buy | Upgrades | $130 → $184 | +44.52% | Nov 13, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $160 → $165 | Buy | Maintains | $160 → $165 | +29.59% | Oct 28, 2024 |
| RBC Capital | RBC Capital | Sell Maintains $99 → $100 | Sell | Maintains | $99 → $100 | -21.46% | Oct 23, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $143 → $160 | Strong Buy | Maintains | $143 → $160 | +25.67% | Oct 23, 2024 |
| Barclays | Barclays | Buy Maintains $160 → $165 | Buy | Maintains | $160 → $165 | +29.59% | Oct 23, 2024 |
Financial Forecast
Revenue This Year
23.83B
from 32.68B
Decreased by -27.10%
Revenue Next Year
24.52B
from 23.83B
Increased by 2.93%
EPS This Year
7.35
from -12.63
EPS Next Year
7.98
from 7.35
Increased by 8.56%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 24.8B | 25.8B | 26.7B | ||
| Avg | 23.8B | 24.5B | 25.2B | ||
| Low | 23.1B | 23.4B | 23.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -24.0% | 8.3% | 9.0% | ||
| Avg | -27.1% | 2.9% | 2.9% | ||
| Low | -29.4% | -1.7% | -3.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 7.71 | 8.56 | 9.45 | ||
| Avg | 7.35 | 7.98 | 8.67 | ||
| Low | 7.06 | 7.50 | 7.93 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 16.4% | 18.4% | ||
| Avg | - | 8.6% | 8.5% | ||
| Low | - | 1.9% | -0.7% |
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.