WallStreetZen

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

Analyst price target for MMM

Based on 10 analysts offering 12 month price targets for 3M Co.
Min Forecast
$170.00-14.12%
Avg Forecast
$199.60+0.84%
Max Forecast
$215.00+8.62%

Should I buy or sell MMM stock?

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

MMM stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDate
Argus Research
Top 19%
82
Strong BuyUpgrades$200.00+1.04%2021-02-03
JP Morgan
Top 17%
84
Strong BuyUpgrades$205.00+3.57%2021-01-27
Deutsche Bank
Top 14%
87
HoldMaintains$201.00+1.55%2021-07-28
Morgan Stanley
Top 20%
81
HoldMaintains$213.00+7.61%2021-07-28
Credit Suisse
Top 2%
99
HoldDowngrades$212.00+7.10%2021-07-06
RBC Capital
Top 23%
78
HoldMaintains$200.00+1.04%2021-04-28
Anonymous
Morgan Stanley
HoldMaintains$200.00+1.04%2021-04-12
Gordon Haskett
Top 27%
74
HoldUpgradesN/AN/A2020-10-07
Wolfe Research
Bottom 9%
9
SellDowngrades$215.00+8.62%2021-07-12
Bank of America
Top 20%
81
SellDowngrades$170.00-14.12%2021-01-07

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Forecast return on equity

Is MMM forecast to generate an efficient return?
Company
45.8%
Industry
27.44%
Market
48.94%
MMM's Return on Equity is forecast to be high in 3 years (45.8%); 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
13.7%
Industry
10.48%
Market
16.97%
MMM is forecast to generate higher Return on Assets (13.7%) than the US Specialty Industrial Machinery industry average (10.48%)
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
$10.05-2.18%
Avg 2 year Forecast
$10.82+5.4%
Avg 3 year Forecast
$11.44+11.34%
MMM's earnings are forecast to grow at a rate of 2.43% 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+1.55%
Avg 2 year Forecast
$36.5B+5.2%
Avg 3 year Forecast
$37.6B+8.12%
MMM's revenue is forecast to grow at a rate of 2.46% 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
2.43%
Industry
17.51%
Market
25.45%
MMM's earnings are forecast to grow slower (2.43% per year) than the US Specialty Industrial Machinery industry average (17.51%)
Forecast
MMM's earnings are forecast to grow slower (2.43% per year) than the US market average (25.45%)
Forecast
MMM's earnings are forecast to grow faster (2.43% per year) than the risk-free savings rate (1.2%)
Forecast

MMM revenue growth forecast

How is MMM forecast to perform vs Specialty Industrial Machinery companies and vs the US market?
Company
2.46%
Industry
4.8%
Market
16.64%
MMM's revenues are forecast to grow slower (2.46% per year) than the US Specialty Industrial Machinery industry average (4.8%)
Forecast
MMM's revenues are forecast to grow slower (2.46% per year) than the US market average (16.64%)
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, 2 (18.18%) 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 1 (9.09%) 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 2.43% is not forecast to beat the US Specialty Industrial Machinery industry's average forecast earnings growth rate of 17.51%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 25.45%.

3M's earnings in 2021 is $5,950,000,000.On average, 7 Wall Street analysts forecast MMM's earnings for 2021 to be $5,812,826,298, with the lowest MMM earnings forecast at $5,659,082,114, and the highest MMM earnings forecast at $5,988,905,919. On average, 7 Wall Street analysts forecast MMM's earnings for 2022 to be $6,263,354,042, with the lowest MMM earnings forecast at $5,913,682,946, and the highest MMM earnings forecast at $6,509,680,346.

In 2023, MMM is forecast to generate $6,616,728,423 in earnings, with the lowest earnings forecast at $6,301,370,575 and the highest earnings forecast at $6,827,931,385.

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

(NYSE: MMM) 3M's forecast annual revenue growth rate of 2.46% is not forecast to beat the US Specialty Industrial Machinery industry's average forecast revenue growth rate of 4.8%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 16.64%.

3M's revenue in 2021 is $34,734,000,000.On average, 5 Wall Street analysts forecast MMM's revenue for 2021 to be $20,409,492,375,409, with the lowest MMM revenue forecast at $20,212,065,632,591, and the highest MMM revenue forecast at $20,520,786,499,714. On average, 5 Wall Street analysts forecast MMM's revenue for 2022 to be $21,143,366,541,647, with the lowest MMM revenue forecast at $20,655,863,813,495, and the highest MMM revenue forecast at $21,762,006,057,077.

In 2023, MMM is forecast to generate $21,730,259,647,964 in revenue, with the lowest revenue forecast at $21,347,249,730,092 and the highest revenue forecast at $22,131,755,900,744.

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

(NYSE: MMM) forecast ROA is 13.7%, which is higher than the forecast US Specialty Industrial Machinery industry average of 10.48%.

What is MMM's Price Target?

According to 10 Wall Street analysts that have issued a 1 year MMM price target, the average MMM price target is $199.60, 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 $199.60 by Jul 28, 2022. The average 3M stock price prediction forecasts a potential downside of N/A from the current MMM share price of $197.94.

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

(NYSE: MMM) 3M's current Earnings Per Share (EPS) is $10.27. On average, analysts forecast that MMM's EPS will be $10.05 for 2021, with the lowest EPS forecast at $9.78, and the highest EPS forecast at $10.35. On average, analysts forecast that MMM's EPS will be $10.82 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 $11.44 (min: $10.89, max: $11.80).

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

(NYSE: MMM) forecast ROE is 45.8%, which is considered strong.
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