NYSE:MMM

3M (MMM) Price Target & Analyst Ratings

$93.62

+0.36 (+0.39%)

(As of 09/29/2023 08:53 PM ET)

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Today's Range: $93.35
▼
$94.34
50-Day Range: $93.26
▼
$112.72
52-Week Range: $92.38
▼
$133.91

Volume: 3.04 million shs
Average Volume: 3.61 million shs
Market Capitalization: $51.68 billion

P/E Ratio: N/A
Dividend Yield: 6.41%
Price Target: $113.08

3M Consensus Rating and Price Target (2023)

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 Analyst Rating

Reduce
Based on 11 Analyst Ratings

Consensus Analyst Price Target

$113.08
20.79% Upside

High Prediction	$129.00
Average Prediction	$113.08
Low Prediction	$96.00

Type	Current 10/2/22 to 10/2/23	1 Month Ago 9/2/22 to 9/2/23	3 Months Ago 7/4/22 to 7/4/23	1 Year Ago 10/2/21 to 10/2/22
Consensus Rating	Reduce	Reduce	Reduce	Reduce
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)	1 Buy rating(s)
Hold	10 Hold rating(s)	10 Hold rating(s)	9 Hold rating(s)	10 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)	3 Sell rating(s)
Consensus Price Target	$113.08	$113.45	$120.83	$147.43
Predicted Upside	20.79% Upside	4.37% Upside	5.02% Upside	5.41% Upside

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MMM Analyst Ratings 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.

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.

3M Stock vs. The Competition

Type	3M	Multi-Sector Conglomerates Companies	S&P 500
Consensus Rating Score	1.91	2.73	2.49
Consensus Rating	Reduce	Moderate Buy	Hold
Predicted Upside	20.79% Upside	559.84% Upside	21.71% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Historical Target Prices and Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
9/15/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Hold	$109.00	+6.51%
8/31/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underweight ➝ Equal Weight	$102.00 ➝ $113.00	+8.19%
8/29/2023	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral ➝ Neutral	$120.00	+12.95%
8/29/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underperform ➝ Peer Perform
7/26/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$95.00 ➝ $100.00	-10.00%
7/26/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$93.00 ➝ $96.00	-13.90%
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7/26/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$100.00 ➝ $111.00	-0.31%
7/25/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$95.00 ➝ $115.00	+4.71%
7/11/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underperform ➝ Neutral	$110.00	+13.15%
7/10/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$110.00 ➝ $100.00	+2.79%
6/27/2023	VNET Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Maintains
10/27/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$127.00	+3.21%
10/26/2022	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$126.00 ➝ $127.00	+7.17%
10/11/2022	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral	$149.00 ➝ $129.00	+18.02%

(Data available from 10/2/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

MMM Price Target - Frequently Asked Questions

What is 3M's consensus rating and price target?: According to the issued ratings of 11 analysts in the last year, the consensus rating for 3M stock is Reduce based on the current 1 sell rating and 10 hold ratings for MMM. The average twelve-month price prediction for 3M is $113.08 with a high price target of $129.00 and a low price target of $96.00. Learn more on MMM's analyst rating history.
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 Reduce while the average consensus rating for multi-sector conglomerates companies is Moderate Buy. Learn more on how MMM compares to other companies.
Is 3M being upgraded by Wall Street analysts?: Over the previous 90 days, 3M's stock had 3 upgrades by analysts.

Does 3M's stock price have much upside?: According to analysts, 3M's stock has a predicted upside of 5.05% based on their 12-month price targets.
What analysts cover 3M?: 3M has been rated by Bank of America, Barclays, Citigroup, HSBC, Mizuho, Morgan Stanley, Royal Bank of Canada, UBS Group, Wells Fargo & Company, and Wolfe Research in the past 90 days.

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This page (NYSE:MMM) was last updated on 10/2/2023 by MarketBeat.com Staff

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