3M Company (MMM) Stock Forecast for 2024–2028. Sell or Buy Prediction







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3M Company (MMM) Stock Forecast for 2024–2028. Sell or Buy?

Updated: July 27, 2024 (04:22)

Sector: Industrials

The share price of 3M Company (MMM) now

Latest session on the 26th of July for
3M Company is positive
Trading Volume: 32640783
Open: 112.685 /  High: 128.025 /  Low: 112.685
What analysts predict: $110.43
52-week High/Low: $105.52 / $68.63

50/200 Day Moving Average: $101.61 / $88.52

This figure corresponds to the Average Price over the previous 50/200 days. For 3M Company stocks, the 50-day moving average is the support level today.

For 3M Company stocks, the 200-day moving average is the support level today.

Are you interested in 3M Company stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the 3M Company stock price in 2024, 2025, 2026, 2027, 2028. How much will one 3M Company share be worth in 2024 - 2028?

When should I take profit in 3M Company stock? When should I record a loss on 3M Company stock? What are analysts' forecasts for 3M Company stock? What is the future of 3M Company stock? We forecast 3M Company stock performance using neural networks based on historical data on 3M Company stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account.

3M Company stock prediction results are shown below and presented in the form of graphs, tables and text information, divided into time intervals. (Next month, 2024, 2025, 2026, 2027 and 2028) The final quotes of the instrument at the close of the previous trading day are a signal to adjust the forecasts for 3M Company shares. This happens once a day.


Historical and forecast chart of 3M Company stock

The chart below shows the historical price of 3M Company stock and a prediction chart for the next month. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the 3M Company stock price can be found in the table below.

Long-term forecasts by years.

Key Factors Influencing MMM Stock Forecast: Leadership Execution and Growth Strategies

Trend: Bullish
Jul 19, 2024

Forecasting the future of 3M's stock (MMM) involves analyzing several crucial factors that could influence its rate. Among the primary elements are the performance of 3M’s new leadership team under CEO Bill Brown and anticipated stronger performance in the second half of FY2024.

Future Drivers of MMM Stock Price Changes

The success of 3M's new leadership team in executing strategies in high-growth sectors stands out as the most significant factor. Effective handling of legal challenges and leveraging existing technologies across multiple verticals can significantly impact the company's profitability and stock prices. Furthermore, the expected growth inflection in the second half of FY2024, driven by seasonal trends and potential rate cuts by the Federal Reserve, is anticipated to bolster investor sentiment.

  • Execution by New Leadership Team: Effective strategy implementation is crucial for maintaining investor confidence.
  • Second-Half Growth Inflection: Seasonal factors and potential rate cuts may drive stronger performance and positive stock adjustments.

Analysts should closely monitor these elements, alongside 3M’s decision to adjust its dividend policy to improve financial flexibility. The smooth transition of CFO roles and effective management of legal liabilities will also play a vital role in predicting stock movements. Additionally, 3M's valuation relative to peers and the impact of the Solventum spin-off should be considered.

Investors looking at MMM stock forecast for 2025 and beyond should weigh these factors. Accurate predictions hinge on understanding how each of these drivers impacts 3M’s operational efficiency and market health. Given these complexities, analysts should comprehensively assess both internal strategies and macroeconomic indicators to derive robust MMM stock price targets and determine if MMM is a good stock to buy.

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Trend: Bullish
Jul 18, 2024
### Key Factors Driving MMM Stock: Leadership Change and Litigation Risks

The forecast for 3M Company's (MMM) stock rates hinges on several pivotal events and factors poised to influence its trajectory. Investors and analysts alike should keep a keen eye on these elements to make informed predictions about MMM stock.

Leadership Transition and Legal Challenges

The most significant driver in the near term is the recent appointment of Bill Brown as 3M's CEO. Brown's proven success at L3Harris Technologies suggests potential operational and strategic improvements at 3M. A successful leadership transition could reignite investor confidence and enhance MMM's stock performance.

Simultaneously, unresolved litigation, particularly concerning PFAS contamination, poses a considerable risk. Legal uncertainties and potential financial liabilities from these lawsuits could weigh heavily on 3M’s stock prices and investor sentiment.

  • **Short-Cycle Manufacturing Consumables**: These products are sensitive to economic fluctuations, impacting stock performance based on economic conditions.
  • **Automotive Electrification and Electronics Segments**: Strong performance in these high-growth areas could help balance weaker segments and drive positive financial results.
  • **Innovation and Strategic Investments**: Prioritizing innovation and strategic investments could significantly boost 3M's competitive edge and long-term growth.
  • **2H '24 Guidance and Market Expectations**: Accurate guidance and investor expectations for the second half of 2024 will shape short-term stock momentum.
  • **Revenue Growth vs. Peers**: 3M’s slower revenue growth compared to peers may impact stock valuations and require strategic realignments.
  • **Sector Performance and Economic Conditions**: Broader economic trends and sector health will continuously influence MMM's stock performance.

An analyst can use these factors to accurately forecast changes in MMM stock prices by closely monitoring the implementation of strategic changes under Brown’s leadership, tracking the progress of legal resolutions, and evaluating the company’s performance in both strong and weak segments. Additionally, attention to macroeconomic conditions and sector performance will provide a holistic view for more accurate predictions.

For those researching "MMM stock forecast," "3M stock forecast," or wondering "is MMM a good stock to buy," these insights provide a nuanced comprehension of the key drivers impacting 3M's stock, equipping investors with the knowledge to make better-informed decisions about their investments.

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3M Stock Forecast: Navigating Through Changes Ahead

Trend: Strong Bullish
Jul 02, 2024

As investors keenly watch the MMM stock forecast, recent strategic shifts signal pivotal moments for 3M's financial outlook. Among these, the Solventum spin-off and strategic adjustments are set to play a crucial role. This move is intended to streamline operations, shedding non-core segments to focus on areas with higher growth potentials. Analysts see this as a positive stride toward operational efficiency and market agility, potentially boosting the MMM stock price target.

Understanding the Impact of 3M’s Strategic Decisions

A deep dive into 3M’s foundation reveals a history of resilience and a strong market position, marking it as a beacon of stability amidst industry oscillations. However, the recent dividend cut introduces a layer of caution, candidly reflecting on the cyclical sensitivity within which 3M operates. This action, taken amidst broader economic uncertainties, has led to a mixed reception among investors, influencing the MMM stock forecast for 2025.

To navigate these turbulent waters, analysts are balancing these factors to project the future of MMM stocks. The emphasis lies on how well 3M can pivot through its strategic adjustments, maintain its renowned resilience, and manage the inherent execution risk. For those questioning, "Is MMM a good stock to buy?", the answer lies in closely monitoring these developments. Analysts meticulously intertwining these elements can offer a comprehensive outlook, guiding investors through the complexities of the MMM stock forecast.

In a landscape marked by uncertainties, the ability to adapt and respond to economic shifts will define the trajectory of MMM stocks. For savvy investors and analysts, the evolving narrative of 3M offers a unique blend of challenges and opportunities.

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About author

3M Co. is a major player across a diverse range of industries, dabbling in everything from electronics and telecommunications to industrial equipment. They also make their mark in the consumer and office product spaces, not to mention the healthcare and security sectors. This corporate giant isn’t just about producing goods; it’s a hub of technological innovation. Each of its enterprises is equipped with its own set of brands, marketing networks, and a wealth of resources that keep the 3M engine running smoothly.

For a closer look at this multifaceted company, check out their official website.

3M Company daily forecast for a month

Date Target Pes. Opt. Vol., %
Jul 29 128.79 127.81 129.59 1.39
Jul 30 128.77 127.45 130.03 2.02
Jul 31 128.38 127.02 129.74 2.14
Aug 01 128.20 127.10 128.79 1.33
Aug 02 130.20 129.08 131.45 1.84
Aug 03 130.56 129.00 131.53 1.96
Aug 04 131.64 130.06 133.11 2.35
Aug 05 131.82 131.11 132.87 1.35
Aug 06 131.00 129.77 132.97 2.46
Aug 07 128.72 127.87 129.70 1.43
Aug 08 126.71 124.81 128.67 3.09
Aug 09 126.56 125.55 127.35 1.43
Aug 10 128.69 127.43 130.49 2.40
Aug 11 130.80 130.17 132.71 1.95
Aug 12 131.09 129.80 132.74 2.26
Aug 13 131.38 130.38 131.90 1.17
Aug 14 132.32 130.47 133.86 2.60
Aug 15 134.62 133.20 135.24 1.54
Aug 16 134.60 133.92 136.51 1.93
Aug 17 134.87 132.98 136.59 2.72
Aug 18 136.11 135.13 136.98 1.37
Aug 19 135.64 134.91 136.84 1.43
Aug 20 135.02 133.81 136.59 2.08
Aug 21 137.32 135.23 138.72 2.58
Aug 22 139.54 137.45 141.72 3.11
Aug 23 140.24 139.03 142.31 2.36
Aug 24 141.36 139.44 142.97 2.53
Aug 25 140.26 139.50 140.96 1.05
Aug 26 139.56 137.41 141.34 2.86
Aug 27 138.44 136.36 140.52 3.05

3M Company Daily Price Targets


3M Company Stock Forecast 07-29-2024.

Forecast target price for 07-29-2024: $128.79.
Positive dynamics for 3M Company shares will prevail with possible volatility of 1.371%.
Pessimistic target level: 127.81
Optimistic target level: 129.59

3M Company Stock Forecast 07-30-2024.

Forecast target price for 07-30-2024: $128.77.
Negative dynamics for 3M Company shares will prevail with possible volatility of 1.981%.
Pessimistic target level: 127.45
Optimistic target level: 130.03

3M Company Stock Forecast 07-31-2024.

Forecast target price for 07-31-2024: $128.38.
Negative dynamics for 3M Company shares will prevail with possible volatility of 2.097%.
Pessimistic target level: 127.02
Optimistic target level: 129.74

3M Company Stock Forecast 08-01-2024.

Forecast target price for 08-01-2024: $128.20.
Negative dynamics for 3M Company shares will prevail with possible volatility of 1.314%.
Pessimistic target level: 127.10
Optimistic target level: 128.79

3M Company Stock Forecast 08-02-2024.

Forecast target price for 08-02-2024: $130.20.
Positive dynamics for 3M Company shares will prevail with possible volatility of 1.803%.
Pessimistic target level: 129.08
Optimistic target level: 131.45

3M Company Stock Forecast 08-03-2024.

Forecast target price for 08-03-2024: $130.56.
Positive dynamics for 3M Company shares will prevail with possible volatility of 1.926%.
Pessimistic target level: 129.00
Optimistic target level: 131.53

MMM (MMM) Monthly Stock Prediction for 2024

Month Target Pes. Opt. Vol., %
Aug. 102.38 99.25 104.78 5.28
Sep. 104.84 100.88 106.66 5.43
Oct. 106.54 104.37 108.97 4.22
Nov. 102.90 99.99 105.24 4.99
Dec. 104.81 100.28 107.64 6.83

3M Company forecast for this year


3M Company Stock Prediction for Aug 2024

An downtrend is forecast for this month with an optimal target price of $102.383. Pessimistic: $99.25. Optimistic: $104.78


3M Company Stock Prediction for Sep 2024

An uptrend is forecast for this month with an optimal target price of $104.84. Pessimistic: $100.88. Optimistic: $106.66


3M Company Stock Prediction for Oct 2024

An uptrend is forecast for this month with an optimal target price of $106.538. Pessimistic: $104.37. Optimistic: $108.97


3M Company Stock Prediction for Nov 2024

An downtrend is forecast for this month with an optimal target price of $102.895. Pessimistic: $99.99. Optimistic: $105.24


3M Company Stock Prediction for Dec 2024

An uptrend is forecast for this month with an optimal target price of $104.809. Pessimistic: $100.28. Optimistic: $107.64



3M Company (MMM) Monthly Stock Prediction for 2025

Month Target Pes. Opt. Vol., %
Jan 104.24 100.18 107.50 6.81
Feb 103.18 98.60 104.54 5.68
Mar 105.28 102.06 106.99 4.61
Apr 107.18 104.67 110.20 5.02
May 107.95 104.71 109.77 4.60
Jun 108.53 104.04 111.27 6.50
Jul 102.35 101.12 104.01 2.77
Aug 108.18 105.97 112.66 5.93
Sep 113.63 111.45 118.68 6.09
Oct 116.09 113.79 120.41 5.50
Nov 119.85 117.19 123.52 5.12
Dec 120.86 116.07 125.50 7.51

3M Company (MMM) Monthly Stock Prediction for 2026

Month Target Pes. Opt. Vol., %
Jan 124.92 120.72 128.29 5.90
Feb 128.81 126.73 134.22 5.59
Mar 124.80 119.93 126.74 5.38
Apr 124.87 119.25 129.07 7.60
May 123.75 120.41 126.57 4.87
Jun 116.69 113.33 119.70 5.32
Jul 119.35 117.35 121.07 3.08
Aug 117.49 114.95 121.93 5.72
Sep 117.49 115.45 121.44 4.93
Oct 124.19 119.35 127.99 6.75
Nov 127.24 122.89 129.46 5.07
Dec 121.98 117.88 127.39 7.47

3M Company (MMM) Monthly Stock Prediction for 2027

Month Target Pes. Opt. Vol., %
Jan 120.15 116.25 125.84 7.62
Feb 120.80 118.33 125.14 5.44
Mar 119.27 113.69 123.64 8.05
Apr 115.77 111.04 117.71 5.66
May 117.16 111.60 120.25 7.19
Jun 118.49 114.79 121.69 5.67
Jul 123.82 120.93 127.91 5.46
Aug 131.25 126.29 133.46 5.37
Sep 131.33 129.36 133.38 3.01
Oct 134.25 128.61 138.84 7.37
Nov 137.47 132.93 139.28 4.56
Dec 130.62 124.90 133.99 6.79

3M Company (MMM) Monthly Stock Prediction for 2028

Month Target Pes. Opt. Vol., %
Jan 129.60 124.01 133.26 6.94
Feb 125.79 119.98 127.53 5.92
Mar 123.91 121.38 128.07 5.22
Apr 121.75 118.90 125.40 5.18
May 129.06 123.40 133.24 7.38
Jun 128.82 124.57 131.14 5.01
Jul 125.19 119.78 130.60 8.28
Aug 124.82 120.40 127.29 5.41
Sep 121.52 119.62 123.34 3.02
Oct 122.40 116.74 124.75 6.42
Nov 115.05 113.60 118.64 4.25
Dec 113.67 111.62 117.76 5.21

3M Company information and performance

3M Company Address

3M CENTER, BLDG. 220-13E-26A, ST PAUL, MN, US

Market Capitalization: 57 134 526 000 $

Market capitalization of the 3M Company is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of MMM shares in the company outstanding by the market price of one share.

EBITDA: 8 146 000 000 $

EBITDA of 3M Company is earnings before interest, income tax and depreciation of assets.

PE Ratio: None

P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit

PEG Ratio: 1.905

Price/earnings to growth

DPS: 6.01

Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.

DY: 0.0271

Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.

EPS: -12.73

EPS shows how much of the net profit is accounted for by the common share.

Quarterly Earnings Growth YOY: -0.051
Quarterly Revenue Growth YOY: -0.003
Trailing PE: -

Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.

Forward PE: 10.6

Forward P/E uses projections of future earnings instead of final numbers.

EV To Revenue: 1.879

Enterprise Value (EV) /Revenue

EV To EBITDA: -9.08

The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).

Shares Outstanding: 553361000

Number of issued ordinary shares

Shares Float: N/A

Number of freely tradable shares

Shares Short Prior Month: N/A

Shares Short Prior Month - the number of shares in short positions in the last month.

Short Ratio: N/A
Percent Insiders: N/A
Percent Institutions: N/A

3M Company (MMM) stock dividend

3M Company last paid dividends on 05/23/2024. The next scheduled payment will be on 06/12/2024. The amount of dividends is $6.01 per share. If the date of the next dividend payment has not been updated, it means that the issuer has not yet announced the exact payment. As soon as information becomes available, we will immediately update the data. Bookmark our portal to stay updated.

Last Split Factor:

Last Split Date: 01/01/1970

Splitting of shares is an increase in the number of securities of the issuing company circulating on the market due to a decrease in their value at constant capitalization.

For example, a 5: 1 ratio means that the value of one share will decrease 5 times, the total amount will increase 5 times. It is important to understand that this procedure does not change the capitalization of the company, as well as the total value of assets held in private hands.




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Disclaimer:

All forecast data on the site are provided for informational purposes of using neural forecasting tools in the financial market and are not a call to action and, moreover, are not trading signals. When using the forecast data, the investor assumes all financial risks. The pandaforecast.com portal is not responsible for the loss of your money in the stock market as a result of using the information contained on the site.