3M Company (MMM)
NYSE: MMM · Real-Time Price · USD
127.22
-1.25 (-0.97%)
Nov 1, 2024, 4:00 PM EDT - Market closed

3M Company Stock Forecast

Stock Price Forecast

The 15 analysts with 12-month price forecasts for 3M Company stock have an average target of 139.27, with a low estimate of 100 and a high estimate of 180. The average target predicts an increase of 9.47% from the current stock price of 127.22.

Analyst Consensus: Buy
Target Low Average Median High
Price $100 $139.27 $140 $180
Change -21.40% +9.47% +10.05% +41.49%

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 May '24Jun '24Jul '24Aug '24Sep '24Oct '24
Strong Buy 345556
Buy 233333
Hold 855544
Sell 111122
Strong Sell 000000
Total 141314141415

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
JP Morgan
JP Morgan
Buy
Maintains
$160$165
Buy Maintains $160$165 +29.70% Oct 28, 2024
RBC Capital
RBC Capital
Sell
Maintains
$99$100
Sell Maintains $99$100 -21.40% Oct 23, 2024
B of A Securities
B of A Securities
Strong Buy
Maintains
$143$160
Strong Buy Maintains $143$160 +25.77% Oct 23, 2024
Barclays
Barclays
Buy
Maintains
$160$165
Buy Maintains $160$165 +29.70% Oct 23, 2024
Melius Research
Melius Research
Strong Buy
Upgrades
$180
Strong Buy Upgrades $180 +41.49% Oct 22, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
23.86B
from 32.68B
Decreased by -27.00%
Revenue Next Year
24.64B
from 23.86B
Increased by 3.29%
EPS This Year
7.32
from -12.63
EPS Next Year
7.94
from 7.32
Increased by 8.39%
Fiscal Year FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Period Ending Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Dec 31, 2026
Revenue
32.14B32.18B35.36B34.23B32.68B23.86B24.64B25.30B
Revenue Growth
-1.92%0.15%9.85%-3.18%-4.52%-27.00%3.29%2.67%
EPS
7.729.3610.1210.18-12.637.327.948.47
EPS Growth
-13.16%21.24%8.12%0.59%--8.39%6.74%
Forward PE
-----17.3716.0315.02
No. Analysts -----212114
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 24.9B 26.0B 26.9B
Avg 23.9B 24.6B 25.3B
Low 23.0B 23.5B 23.9B

Revenue Growth

Revenue Growth 20242025202620272028
High
-23.7%
9.1%
9.3%
Avg
-27.0%
3.3%
2.7%
Low
-29.6%
-1.3%
-3.0%

EPS Forecast

EPS 20242025202620272028
High 7.69 8.51 9.32
Avg 7.32 7.94 8.47
Low 7.06 7.50 7.94

EPS Growth

EPS Growth 20242025202620272028
High -
16.1%
17.5%
Avg -
8.4%
6.7%
Low -
2.4%
0.0%
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.