WallStreetZen

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

Analyst price target for MMM

Based on 7 analysts offering 12 month price targets for 3M Co.
Min Forecast
$163.00-17.04%
Avg Forecast
$187.86-4.38%
Max Forecast
$205.00+4.34%

Should I buy or sell MMM stock?

Hold
Strong Buy
2 analysts 25%
Buy
1 analysts 12.5%
Hold
3 analysts 37.5%
Sell
1 analysts 12.5%
Strong Sell
1 analysts 12.5%

MMM stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDate
John Eade
Argus Research
Strong BuyUpgrades$200.00+1.80%2021-02-03
Stephen Tusa
JP Morgan
Strong BuyUpgrades$205.00+4.34%2021-01-27
John Walsh
Credit Suisse
BuyMaintains$197.00+0.27%2021-01-27
Anonymous
Morgan Stanley
HoldMaintains$200.00+1.80%2021-04-12
John Inch
Gordon Haskett
HoldUpgradesN/AN/A2020-10-07
Nicole Deblase
Deutsche Bank
HoldMaintains$163.00-17.04%2020-04-29
Andrew Obin
Bank of America
SellDowngrades$170.00-13.47%2021-01-07
Julian Mitchell
Barclays
Strong SellMaintains$180.00-8.38%2021-04-06

1 of 1

Forecast return on equity

Is MMM forecast to generate an efficient return?
Company
49.54%
Industry
-0.16%
Market
16,949.58%
MMM's Return on Equity is forecast to be high in 3 years (49.54%); 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
13.46%
Industry
9.72%
Market
6,094.22%
MMM is forecast to generate higher Return on Assets (13.46%) than the US Specialty Industrial Machinery industry average (9.72%)
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
$9.55+2.44%
Avg 2 year Forecast
$10.41+11.73%
Avg 3 year Forecast
$11.05+18.56%
MMM's earnings are forecast to grow at a rate of 5.36% 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
$34.3B+6.72%
Avg 2 year Forecast
$35.6B+10.56%
Avg 3 year Forecast
$36.7B+14%
MMM's revenue is forecast to grow at a rate of 5.09% 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
5.36%
Industry
16.44%
Market
32.69%
MMM's earnings are forecast to grow slower (5.36% per year) than the US Specialty Industrial Machinery industry average (16.44%)
Forecast
MMM's earnings are forecast to grow slower (5.36% per year) than the US market average (32.69%)
Forecast
MMM's earnings are forecast to grow faster (5.36% per year) than the risk-free savings rate (1.6%)
Forecast

MMM revenue growth forecast

How is MMM forecast to perform vs Specialty Industrial Machinery companies and vs the US market?
Company
5.09%
Industry
3.85%
Market
16.34%
MMM's revenues are forecast to grow faster (5.09% per year) than the US Specialty Industrial Machinery industry average (3.85%)
Forecast
MMM's revenues are forecast to grow slower (5.09% per year) than the US market average (16.34%)
Forecast

3M Stock Forecast FAQ

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

The consensus among 8 Wall Street analysts covering (NYSE: MMM) stock is to Hold MMM stock.

Out of 8 analysts, 2 (25%) are recommending MMM as a Strong Buy, 1 (12.5%) are recommending MMM as a Buy, 3 (37.5%) are recommending MMM as a Hold, 1 (12.5%) are recommending MMM as a Sell, and 1 (12.5%) 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 5.36% is not forecast to beat the US Specialty Industrial Machinery industry's average forecast earnings growth rate of 16.44%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 32.69%.

3M's earnings in 2021 is $5,384,000,000.On average, 7 Wall Street analysts forecast MMM's earnings for 2021 to be $5,506,976,151, with the lowest MMM earnings forecast at $5,479,807,841, and the highest MMM earnings forecast at $5,566,331,123. On average, 6 Wall Street analysts forecast MMM's earnings for 2022 to be $6,006,619,262, with the lowest MMM earnings forecast at $5,866,278,499, and the highest MMM earnings forecast at $6,073,934,375.

In 2023, MMM is forecast to generate $6,373,881,752 in earnings, with the lowest earnings forecast at $6,143,153,001 and the highest earnings forecast at $6,518,087,221.

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

(NYSE: MMM) 3M's forecast annual revenue growth rate of 5.09% is forecast to beat the US Specialty Industrial Machinery industry's average forecast revenue growth rate of 3.85%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 16.34%.

3M's revenue in 2021 is $32,184,000,000.On average, 5 Wall Street analysts forecast MMM's revenue for 2021 to be $19,811,972,989,209, with the lowest MMM revenue forecast at $19,683,642,811,435, and the highest MMM revenue forecast at $19,926,917,438,482. On average, 5 Wall Street analysts forecast MMM's revenue for 2022 to be $20,525,170,556,537, with the lowest MMM revenue forecast at $20,373,567,923,274, and the highest MMM revenue forecast at $20,684,832,545,080.

In 2023, MMM is forecast to generate $21,163,442,422,844 in revenue, with the lowest revenue forecast at $20,830,595,433,651 and the highest revenue forecast at $21,471,040,764,794.

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

(NYSE: MMM) forecast ROA is 13.46%, which is higher than the forecast US Specialty Industrial Machinery industry average of 9.72%.

What is MMM's Price Target?

According to 7 Wall Street analysts that have issued a 1 year MMM price target, the average MMM price target is $187.86, with the highest MMM stock price forecast at $205.00 and the lowest MMM stock price forecast at $163.00.

On average, Wall Street analysts predict that 3M's share price could stay at $187.86 by Apr 12, 2022. The average 3M stock price prediction forecasts a potential downside of N/A from the current MMM share price of $196.47.

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

(NYSE: MMM) 3M's current Earnings Per Share (EPS) is $9.32. On average, analysts forecast that MMM's EPS will be $9.55 for 2021, with the lowest EPS forecast at $9.50, and the highest EPS forecast at $9.65. On average, analysts forecast that MMM's EPS will be $10.41 for 2022, with the lowest EPS forecast at $10.17, and the highest EPS forecast at $10.53. In 2023, MMM's EPS is forecast to hit $11.05 (min: $10.65, max: $11.30).

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

(NYSE: MMM) forecast ROE is 49.54%, which is considered strong.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.