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3M (MMM) Stock Forecast & Price Target

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$127.32 -0.52 (-0.41%)
(As of 11/21/2024 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

Sell
2
Hold
3
Buy
11

Based on 16 Wall Street analysts who have issued ratings for 3M in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 16 analysts, 2 have given a sell rating, 3 have given a hold rating, and 11 have given a buy rating for MMM.

Consensus Price Target

$144.87
13.78% Upside
According to the 16 analysts' twelve-month price targets for 3M, the average price target is $144.87. The highest price target for MMM is $184.00, while the lowest price target for MMM is $100.00. The average price target represents a forecasted upside of 13.78% from the current price of $127.32.
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MMM Analyst Ratings Over Time

TypeCurrent Forecast
11/23/23 to 11/22/24
1 Month Ago
10/24/23 to 10/23/24
3 Months Ago
8/25/23 to 8/24/24
1 Year Ago
11/23/22 to 11/23/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
11 Buy rating(s)
10 Buy rating(s)
8 Buy rating(s)
0 Buy rating(s)
Hold
3 Hold rating(s)
4 Hold rating(s)
5 Hold rating(s)
8 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
1 Sell rating(s)
2 Sell rating(s)
Consensus Price Target$144.87$135.67$123.57$104.30
Forecasted Upside13.78% Upside6.07% Upside-5.35% Downside9.36% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Reduce

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
2.56
2.75
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside13.78% Upside19.47% Upside8.51% Upside
News Sentiment Rating
Positive News

See Recent MMM News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/13/2024UBS Group
4 of 5 stars
D. Karas
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UpgradeNeutral ➝ Buy$130.00 ➝ $184.00+41.19%
10/28/2024JPMorgan Chase & Co.
3 of 5 stars
 Boost TargetOverweight ➝ Overweight$160.00 ➝ $165.00+28.24%
10/23/2024Royal Bank of Canada
4 of 5 stars
 Boost TargetUnderperform ➝ Underperform$99.00 ➝ $100.00-21.02%
10/23/2024Bank of America
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 Boost TargetBuy ➝ Buy$143.00 ➝ $160.00+26.46%
10/23/2024Barclays
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 Boost TargetOverweight ➝ Overweight$160.00 ➝ $165.00+26.04%
10/22/2024Melius Research
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S. Davis
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UpgradeHold ➝ Buy$180.00+36.23%
10/17/2024Mizuho
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 Boost TargetNeutral ➝ Neutral$105.00 ➝ $146.00+7.05%
10/7/2024Wells Fargo & Company
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 Boost TargetEqual Weight ➝ Equal Weight$130.00 ➝ $140.00+4.14%
9/6/2024Morgan Stanley
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 Initiated CoverageUnderweight$125.00-4.87%
7/30/2024Argus
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J. Eade
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UpgradeHold ➝ Buy$145.00+15.76%
7/29/2024Citigroup
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 Boost TargetNeutral ➝ Neutral$100.00 ➝ $133.00+6.64%
7/29/2024Deutsche Bank Aktiengesellschaft
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 UpgradeHold ➝ Buy$110.00 ➝ $150.00+17.96%
6/13/2024Wolfe Research
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 UpgradePeer Perform ➝ Outperform$125.00+23.51%
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%
6/27/2023VNET Group
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 Reiterated RatingMaintains

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 03:21 AM ET.


MMM Forecast - Frequently Asked Questions

According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for 3M is $144.87, with a high forecast of $184.00 and a low forecast of $100.00.

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for 3M in the last twelve months. There are currently 2 sell ratings, 3 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MMM shares.

According to analysts, 3M's stock has a predicted upside of 13.78% based on their 12-month stock forecasts.

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

Analysts like 3M less than other "multi-sector conglomerates" companies. The consensus rating score for 3M is 2.56 while the average consensus rating score for "multi-sector conglomerates" companies is 2.75. Learn more on how MMM compares to other companies.


This page (NYSE:MMM) was last updated on 11/22/2024 by MarketBeat.com Staff
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