3M Company Stock Forecast

Stock Price Forecast

The 13 analysts with 12-month price forecasts for 3M Company stock have an average target of 110.54, with a low estimate of 87 and a high estimate of 159. The average target predicts an increase of 5.61% from the current stock price of 104.67.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$87	$110.54	$105	$159
Change	-16.88%	+5.61%	+0.32%	+51.91%

Analyst Ratings

The average analyst rating for 3M Company stock from 14 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	Dec '23	Jan '24	Feb '24	Mar '24	Apr '24	May '24
Strong Buy	1	1	1	1	1	3
Buy	0	0	0	1	1	2
Hold	12	12	12	9	9	8
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	14	14	14	12	12	14

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jeffrey Sprague Vertical Research	Vertical Research	Hold → Strong Buy Upgrades $92 → $140	Hold → Strong Buy	Upgrades	$92 → $140	+33.76%	May 16, 2024
Wesley Brooks HSBC	HSBC	Hold → Strong Buy Upgrades $91 → $115	Hold → Strong Buy	Upgrades	$91 → $115	+9.87%	May 10, 2024
Andrew Kaplowitz Citigroup	Citigroup	Hold Maintains $98 → $100	Hold	Maintains	$98 → $100	-4.46%	May 1, 2024
Deane Dray RBC Capital	RBC Capital	Sell Maintains $78 → $87	Sell	Maintains	$78 → $87	-16.88%	May 1, 2024
Damian Karas UBS	UBS	Hold Maintains $98 → $100	Hold	Maintains	$98 → $100	-4.46%	May 1, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

25.79B

from 32.68B

-21.08%

from 32.68B

Revenue Next Year

24.60B

from 25.79B

-4.64%

from 25.79B

EPS This Year

7.74

from -12.63

EPS Next Year

7.64

from 7.74

-1.39%

from 7.74

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	32.14B	32.18B	35.36B	34.23B	32.68B	25.79B	24.60B	25.44B	27.43B	28.42B
Revenue Growth	-1.92%	0.15%	9.85%	-3.18%	-4.52%	-21.08%	-4.64%	3.41%	7.84%	3.62%
EPS	7.72	9.36	10.12	10.18	-12.63	7.74	7.64	8.01	9.29	9.90
EPS Growth	-13.16%	21.24%	8.12%	0.59%	-	-	-1.39%	4.85%	16.06%	6.52%
No. Analysts	-	-	-	-	-	21	21	12	2	2

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	26.8B	25.8B	26.7B	28.5B	29.5B
Avg	25.8B	24.6B	25.4B	27.4B	28.4B
Low	25.0B	23.7B	24.5B	26.6B	27.6B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	-17.9%	0.1%	8.4%	12.1%	7.7%
Avg	-21.1%	-4.6%	3.4%	7.8%	3.6%
Low	-23.5%	-8.2%	-0.5%	4.6%	0.5%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	8.30	8.40	8.53	9.66	10.29
Avg	7.74	7.64	8.01	9.29	9.90
Low	7.34	6.98	7.50	9.02	9.60

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	-	8.5%	11.7%	20.7%	10.7%
Avg	-	-1.4%	4.9%	16.1%	6.5%
Low	-	-9.9%	-1.8%	12.6%	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.