What is the stock price forecast for MMM in 2025?
3M stock prediction for 1 year from now: $ 125.19 (36.21%) 3M stock forecast for 2025: $ 91.77 (-0.63%) 3M stock prediction for 2030: $ 88.94 (-3.69%)
3M Stock Price Forecast 2024-2025
The forecasted 3M price at the end of 2024 is $100.82 - and the year to year change -8%. The rise from today to year-end: +11%.
Stock Price Forecast
The 11 analysts with 12-month price forecasts for 3M Company stock have an average target of 106.73, with a low estimate of 78 and a high estimate of 159. The average target predicts an increase of 16.89% from the current stock price of 91.31.
A JPMorgan analyst recently lowered his price target on 3M (NYSE: MMM) stock to $110 from $118 and retained his neutral rating on it. That new price target still anticipates a near-20% upside over 12 months from the current price of about $92, highlighting the stock's value case.
MMM Stock 12 Month Forecast
Based on 9 Wall Street analysts offering 12 month price targets for 3M in the last 3 months. The average price target is $106.33 with a high forecast of $140.00 and a low forecast of $78.00. The average price target represents a 15.66% change from the last price of $91.93.
According to our 3M stock prediction for 2030, MMM stock will be priced at $ 87.68 in 2030. This forecast is based on the stock's average growth over the past 10 years.
Is 3M stock a Buy, Sell or Hold? 3M stock has received a consensus rating of hold. The average rating score is A3 and is based on 3 buy ratings, 45 hold ratings, and 30 sell ratings.
Intrinsic Value. The intrinsic value of one MMM stock under the Base Case scenario is 118.17 USD. Compared to the current market price of 91.05 USD, 3M Co is Undervalued by 23%.
| High | $111.00 |
|---|---|
| Median | $98.00 |
| Low | $78.00 |
| Average | $97.76 |
| Current Price | $90.96 |
Does 3M have a future?
3M's revenue is forecast to decline at 5.2% per annum while its annual earnings are expected to grow at 42.5% per year. EPS is expected to grow by 42.5% per annum. Return on equity is forecast to be 128.7% in 3 years.
3M faces severe challenges over the coming quarters and years. Free cash flow remains high enough to deal with many problems, including high debt levels, but the company is in its weakest position to do the thing that made it so historically successful: invest heavily in research and development.
The 3M 52-week high stock price is 113.14, which is 24.4% above the current share price. The 3M 52-week low stock price is 85.34, which is 6.2% below the current share price.
Approval or Agreement: "Mmm" can be used to express agreement or approval when someone shares something positive or appealing.
Current and historical gross margin, operating margin and net profit margin for 3M (MMM) over the last 10 years. Profit margin can be defined as the percentage of revenue that a company retains as income after the deduction of expenses. 3M net profit margin as of December 31, 2023 is -21.4%.
3M stock (symbol: MMM) underwent a total of 4 stock splits. The most recent stock split occured on September 30th, 2003.
3M long term debt for the quarter ending December 31, 2023 was $13.088B, a 6.52% decline year-over-year. 3M long term debt for 2023 was $13.088B, a 6.52% decline from 2022. 3M long term debt for 2022 was $14.001B, a 12.8% decline from 2021. 3M long term debt for 2021 was $16.056B, a 10.75% decline from 2020.
Total debt on the balance sheet as of December 2023 : $16.85 B. According to 3M's latest financial reports the company's total debt is $16.85 B. A company's total debt is the sum of all current and non-current debts.
2023 revenue declined 3% from 2022. Fortunately, management is guiding for flat to 2% revenue growth this year, so things are stabilizing. Analysts are pretty optimistic as well. The consensus is that 3M will grow earnings between 4% and 7% annually over the next few years.
3M has decided to delist from NYSE Arca Inc. to eliminate duplicative administrative requirements and costs inherent with dual listings as a result of the NYSE Group's recent merger with Archipelago Holdings, the parent company of NYSE Arca. The withdrawal is expected to be effective within the next month.
Why should you invest in 3M?
3M currently trades at about 11 times earnings, well below the 19 times it fetched five years ago. That low valuation is a big reason 3M currently offers such a high 5.8% dividend yield.
Regular payouts for MMM are paid quarterly.
Analysis. 3M's total debt for fiscal years ending December 2019 to 2023 averaged 18.658 billion.
3M's (NYSE:MMM) shares on Tuesday fell 11% - the biggest decline in almost five years - after the maker of Scotch tape and other products provided earnings guidance that was less than the average estimate among Wall Street analysts.
Cash on Hand as of December 2023 : $5.98 B
According to 3M's latest financial reports the company has $5.98 B in cash and cash equivalents. A company's cash on hand also refered as cash/cash equivalents (CCE) and Short-term investments, is the amount of accessible money a business has.
