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3M Co has a consensus price target of $125.45 based on the ratings of 22 analysts. The high is $159 issued by DA Davidson on July 11, 2023. The low is $95 issued by RBC Capital on July 29, 2024. The 3 most-recent analyst ratings were released by Morgan Stanley, Deutsche Bank, and Argus Research on September 6, 2024, July 31, 2024, and July 30, 2024, respectively. With an average price target of $140 between Morgan Stanley, Deutsche Bank, and Argus Research, there's an implied 7.62% upside for 3M Co from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for 3M (NYSE:MMM) was reported by Morgan Stanley on September 6, 2024. The analyst firm set a price target for $125.00 expecting MMM to fall to within 12 months (a possible -3.91% downside). 40 analyst firms have reported ratings in the last year.
The latest analyst rating for 3M (NYSE:MMM) was provided by Morgan Stanley, and 3M initiated their underweight rating.
The last upgrade for 3M Co happened on July 31, 2024 when Deutsche Bank raised their price target to $150. Deutsche Bank previously had a hold for 3M Co.
There is no last downgrade for 3M.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of 3M, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for 3M was filed on September 6, 2024 so you should expect the next rating to be made available sometime around September 6, 2025.
While ratings are subjective and will change, the latest 3M (MMM) rating was a initiated with a price target of $0.00 to $125.00. The current price 3M (MMM) is trading at is $130.09, which is out of the analyst’s predicted range.
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