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3M (MMM) Stock Forecast & Price Target

$103.92
-0.10 (-0.10%)
(As of 07/19/2024 ET)

3M - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 12 Wall Street analysts who have issued ratings for 3M in the last 12 months, the stock has a consensus rating of "Hold." Out of the 12 analysts, 1 has given a sell rating, 5 have given a hold rating, and 6 have given a buy rating for MMM.

Consensus Price Target

$112.17
7.94% Upside
High Forecast$140.00
Average Forecast$112.17
Low Forecast$87.00

According to the 12 analysts' twelve-month price targets for 3M, the average price target is $112.17. The highest price target for MMM is $140.00, while the lowest price target for MMM is $87.00. The average price target represents a forecasted upside of 7.94% from the current price of $103.92.

TypeCurrent Forecast
7/22/23 to 7/21/24
1 Month Ago
6/22/23 to 6/21/24
3 Months Ago
4/23/23 to 4/22/24
1 Year Ago
7/22/22 to 7/22/23
Consensus Rating
Hold
Hold
Hold
Reduce
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
6 Buy rating(s)
6 Buy rating(s)
1 Buy rating(s)
0 Buy rating(s)
Hold
5 Hold rating(s)
5 Hold rating(s)
8 Hold rating(s)
10 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
2 Sell rating(s)
Consensus Price Target$112.17$111.58$104.00$114.25
Forecasted Upside7.94% Upside11.94% Upside6.91% Upside3.09% Upside
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MMM Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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MMM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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3M Stock vs. The Competition

Type3MMulti-Sector Conglomerates CompaniesS&P 500
Consensus Rating Score
2.42
2.62
2.51
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside7.94% Upside14.73% Upside10.06% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/10/2024Barclays
2 of 5 stars
 Boost TargetOverweight ➝ Overweight$118.00 ➝ $120.00+17.97%
7/10/2024Wells Fargo & Company
3 of 5 stars
 Boost TargetEqual Weight ➝ Equal Weight$100.00 ➝ $110.00+10.00%
6/13/2024Wolfe Research
3 of 5 stars
 UpgradePeer Perform ➝ Outperform$125.00+23.51%
6/7/2024Bank of America
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 UpgradeNeutral ➝ Buy$105.00 ➝ $120.00+22.19%
5/16/2024Vertical Research
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 UpgradeHold ➝ Buy$92.00 ➝ $140.00+38.27%
5/10/2024HSBC
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 UpgradeHold ➝ Buy$91.13 ➝ $115.00+18.14%
5/1/2024Citigroup
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 Boost TargetNeutral ➝ Neutral$98.00 ➝ $100.00+0.72%
5/1/2024Royal Bank of Canada
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 Boost TargetUnderperform ➝ Underperform$78.00 ➝ $87.00-11.97%
5/1/2024UBS Group
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 Boost TargetNeutral ➝ Neutral$98.00 ➝ $100.00+0.84%
5/1/2024JPMorgan Chase & Co.
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 UpgradeNeutral ➝ Overweight$110.00 ➝ $111.00+15.01%
3/27/2024Mizuho
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 Reiterated RatingNeutral ➝ Neutral$105.00+0.84%
8/31/2023Morgan Stanley
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 UpgradeUnderweight ➝ Equal Weight$102.00 ➝ $113.00+8.19%
6/27/2023VNET Group
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 Reiterated RatingMaintains
10/27/2022Credit Suisse Group
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 Lower Target$127.00+3.21%
10/26/2022Deutsche Bank Aktiengesellschaft
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 Boost Target$126.00 ➝ $127.00+7.17%
10/11/2022The Goldman Sachs Group
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 Lower TargetNeutral$149.00 ➝ $129.00+18.02%
8/17/2022Sanford C. Bernstein
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 Reiterated RatingMkt Perform$155.00+4.78%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 12:29 AM ET.

MMM Forecast - Frequently Asked Questions

What is 3M's forecast for 2024?

According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for 3M is $112.17, with a high forecast of $140.00 and a low forecast of $87.00.

Should I buy or sell 3M stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for 3M in the last twelve months. There is currently 1 sell rating, 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MMM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MMM, but not buy additional shares or sell existing shares.

Does 3M's stock price have much upside?

According to analysts, 3M's stock has a predicted upside of 11.97% based on their 12-month stock forecasts.

Has 3M been upgraded by Wall Street analysts recently?

Over the previous 90 days, 3M's stock had 5 upgrades by analysts.

What analysts cover 3M?
Do Wall Street analysts like 3M more than its competitors?

Analysts like 3M less than other "multi-sector conglomerates" companies. The consensus rating for 3M is Hold while the average consensus rating for "multi-sector conglomerates" companies is Moderate Buy. Learn more on how MMM compares to other companies.


This page (NYSE:MMM) was last updated on 7/21/2024 by MarketBeat.com Staff

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