3M (MMM) Stock Forecast & Price Target

$128.42 +1.10 (+0.86%)

(As of 11/22/2024 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

Moderate Buy

Based on 16 Analyst Ratings

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
12.81% 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 12.81% from the current price of $128.42.

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MMM Analyst Ratings Over Time

Type	Current Forecast 11/25/23 to 11/24/24	1 Month Ago 10/26/23 to 10/25/24	3 Months Ago 8/27/23 to 8/26/24	1 Year Ago 11/25/22 to 11/25/23
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 Upside	12.81% Upside	8.77% Upside	-6.28% Downside	8.70% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Reduce

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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.

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	2.56	2.75	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	12.81% Upside	17.70% Upside	7.66% Upside
News Sentiment Rating	Positive News See Recent MMM News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/13/2024	UBS Group 4 of 5 stars	D. Karas Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$130.00 ➝ $184.00	+41.19%
10/28/2024	JPMorgan Chase & Co. 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$160.00 ➝ $165.00	+28.24%
10/23/2024	Royal Bank of Canada 4 of 5 stars		Boost Target	Underperform ➝ Underperform	$99.00 ➝ $100.00	-21.02%
10/23/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$143.00 ➝ $160.00	+26.46%
10/23/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$160.00 ➝ $165.00	+26.04%
10/22/2024	Melius Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Davis Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$180.00	+36.23%
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10/17/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$105.00 ➝ $146.00	+7.05%
10/7/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$130.00 ➝ $140.00	+4.14%
9/6/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Underweight	$125.00	-4.87%
7/30/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Eade Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$145.00	+15.76%
7/29/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$100.00 ➝ $133.00	+6.64%
7/29/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$110.00 ➝ $150.00	+17.96%
6/13/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Peer Perform ➝ Outperform	$125.00	+23.51%
5/16/2024	Vertical Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$92.00 ➝ $140.00	+38.27%
5/10/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$91.13 ➝ $115.00	+18.14%
6/27/2023	VNET Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 02:28 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 12.81% based on their 12-month stock forecasts.
: Over the previous 90 days, 3M's stock had 3 upgrades by analysts.
: 3M has been rated by research analysts at Bank of America, Barclays, JPMorgan Chase & Co., Melius, Melius Research, Mizuho, Morgan Stanley, Royal Bank of Canada, UBS Group, and Wells Fargo & Company in the past 90 days.
: 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.

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This page (NYSE:MMM) was last updated on 11/24/2024 by MarketBeat.com Staff

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3M (MMM) Stock Forecast & Price Target