WallStreetZen

NYSE: MMM
3M Co Stock Forecast, Predictions & Price Target

Analyst price target for MMM

Based on 11 analysts offering 12 month price targets for 3M Co.
Min Forecast
$170.00-0.43%
Avg Forecast
$196.18+14.91%
Max Forecast
$215.00+25.93%

Should I buy or sell MMM stock?

Based on 11 analysts offering ratings for 3M Co.
Hold
Strong Buy
1 analysts 9.09%
Buy
0 analysts 0%
Hold
6 analysts 54.55%
Sell
2 analysts 18.18%
Strong Sell
2 analysts 18.18%

MMM stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Credit Suisse
Top 2%
99
HoldMaintains$201.00+17.73%2021-10-27
Morgan Stanley
Top 8%
93
HoldMaintains$194.00+13.63%2021-10-27
Anonymous
Wells Fargo
HoldInitiates Coverage On$179.00+4.84%2021-10-08
Barclays
Top 10%
91
Strong SellMaintains$182.00+6.60%2021-10-04
JP Morgan
Top 19%
82
HoldDowngrades$210.00+23.00%2021-10-04
UBS
Top 16%
85
Strong SellMaintains$172.00+0.74%2021-09-17
Deutsche Bank
Top 22%
79
HoldMaintains$201.00+17.73%2021-07-28
Morgan Stanley
Top 13%
88
HoldMaintains$213.00+24.76%2021-07-28
Wolfe Research
Bottom 19%
19
SellDowngrades$215.00+25.93%2021-07-12
RBC Capital
Top 23%
78
HoldMaintains$200.00+17.14%2021-04-28

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Forecast return on equity

Is MMM forecast to generate an efficient return?
Company
45.31%
Industry
27.16%
Market
46.73%
MMM's Return on Equity is forecast to be high in 3 years (45.31%); analysts are confident in the firm's ability to efficiently generate return on equity
Forecast

Forecast return on assets

Is MMM forecast to generate an efficient return on assets?
Company
13.57%
Industry
10.36%
MMM is forecast to generate higher Return on Assets (13.57%) than the US Specialty Industrial Machinery industry average (10.36%)
Forecast

MMM earnings per share forecast

What is MMM's earnings per share in the next 3 years based on estimates from 7 analysts?
Avg 1 year Forecast
$9.92-3.6%
Avg 2 year Forecast
$10.74+4.37%
Avg 3 year Forecast
$11.37+10.5%
MMM's earnings are forecast to grow at a rate of 1.9% per year, which is not exceptional
Forecast

MMM revenue forecast

What is MMM's revenue in the next 3 years based on estimates from 5 analysts?
Avg 1 year Forecast
$35.3B+0.06%
Avg 2 year Forecast
$36.4B+3.12%
Avg 3 year Forecast
$37.4B+5.96%
MMM's revenue is forecast to grow at a rate of 1.51% per year, which is not exceptional
Forecast

MMM earnings growth forecast

How is MMM forecast to perform vs Specialty Industrial Machinery companies and vs the US market?
Company
1.9%
Industry
12.21%
Market
17.66%
MMM's earnings are forecast to grow slower (1.9% per year) than the US Specialty Industrial Machinery industry average (12.21%)
Forecast
MMM's earnings are forecast to grow slower (1.9% per year) than the US market average (17.66%)
Forecast
MMM's earnings are forecast to grow faster (1.9% per year) than the risk-free savings rate (1.4%)
Forecast

MMM revenue growth forecast

How is MMM forecast to perform vs Specialty Industrial Machinery companies and vs the US market?
Company
1.51%
Industry
2.92%
Market
10.77%
MMM's revenues are forecast to grow slower (1.51% per year) than the US Specialty Industrial Machinery industry average (2.92%)
Forecast
MMM's revenues are forecast to grow slower (1.51% per year) than the US market average (10.77%)
Forecast

3M Stock Forecast FAQ

Is 3M Stock a good buy in 2021, according to Wall Street analysts?

The consensus among 11 Wall Street analysts covering (NYSE: MMM) stock is to Hold MMM stock.

Out of 11 analysts, 1 (9.09%) are recommending MMM as a Strong Buy, 0 (0%) are recommending MMM as a Buy, 6 (54.55%) are recommending MMM as a Hold, 2 (18.18%) are recommending MMM as a Sell, and 2 (18.18%) are recommending MMM as a Strong Sell.

What is MMM's earnings growth forecast for 2021-2023?

(NYSE: MMM) 3M's forecast annual earnings growth rate of 1.9% is not forecast to beat the US Specialty Industrial Machinery industry's average forecast earnings growth rate of 12.21%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 17.66%.

3M's earnings in 2021 is $5,971,000,000.On average, 7 Wall Street analysts forecast MMM's earnings for 2021 to be $5,716,427,806, with the lowest MMM earnings forecast at $5,474,401,629, and the highest MMM earnings forecast at $5,964,216,511. On average, 7 Wall Street analysts forecast MMM's earnings for 2022 to be $6,188,955,104, with the lowest MMM earnings forecast at $5,889,303,647, and the highest MMM earnings forecast at $6,482,844,034.

In 2023, MMM is forecast to generate $6,551,994,370 in earnings, with the lowest earnings forecast at $6,275,393,025 and the highest earnings forecast at $6,799,783,075.

What is MMM's revenue growth forecast for 2021-2023?

(NYSE: MMM) 3M's forecast annual revenue growth rate of 1.51% is not forecast to beat the US Specialty Industrial Machinery industry's average forecast revenue growth rate of 2.92%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 10.77%.

3M's revenue in 2021 is $35,326,000,000.On average, 5 Wall Street analysts forecast MMM's revenue for 2021 to be $20,368,495,498,622, with the lowest MMM revenue forecast at $20,255,286,025,450, and the highest MMM revenue forecast at $20,479,448,365,817. On average, 5 Wall Street analysts forecast MMM's revenue for 2022 to be $20,991,316,443,138, with the lowest MMM revenue forecast at $20,582,516,942,162, and the highest MMM revenue forecast at $21,701,680,560,980.

In 2023, MMM is forecast to generate $21,570,842,362,059 in revenue, with the lowest revenue forecast at $21,271,064,128,882 and the highest revenue forecast at $21,883,776,446,728.

What is MMM's forecast return on assets (ROA) for 2021-2023?

(NYSE: MMM) forecast ROA is 13.57%, which is higher than the forecast US Specialty Industrial Machinery industry average of 10.36%.

What is MMM's Price Target?

According to 11 Wall Street analysts that have issued a 1 year MMM price target, the average MMM price target is $196.18, with the highest MMM stock price forecast at $215.00 and the lowest MMM stock price forecast at $170.00.

On average, Wall Street analysts predict that 3M's share price could stay at $196.18 by Oct 27, 2022. The average 3M stock price prediction forecasts a potential downside of N/A from the current MMM share price of $170.73.

What is MMM's Earnings Per Share (EPS) forecast for 2021-2023?

(NYSE: MMM) 3M's current Earnings Per Share (EPS) is $10.29. On average, analysts forecast that MMM's EPS will be $9.92 for 2021, with the lowest EPS forecast at $9.50, and the highest EPS forecast at $10.35. On average, analysts forecast that MMM's EPS will be $10.74 for 2022, with the lowest EPS forecast at $10.22, and the highest EPS forecast at $11.25. In 2023, MMM's EPS is forecast to hit $11.37 (min: $10.89, max: $11.80).

What is MMM's forecast return on equity (ROE) for 2021-2023?

(NYSE: MMM) forecast ROE is 45.31%, which is considered strong.
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