On May 16, 2025, JP Morgan, led by analyst Stephen Tusa, maintained its "Overweight" rating for 3M (MMM, Financial). The decision to uphold the rating reflects confidence in the company's ongoing performance and future potential.
In addition to maintaining the rating, JP Morgan raised its price target for 3M (MMM, Financial) from $140.00 to $167.00 USD. This adjustment represents a 19.29% increase from the prior target, indicating a more optimistic outlook for the stock's potential value.
The current "Overweight" rating suggests that JP Morgan expects 3M (MMM, Financial) to outperform the broader market. Investors observing these changes may view them as a positive signal regarding 3M's (MMM) strategic direction and operational capabilities.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 15 analysts, the average target price for 3M Co (MMM, Financial) is $150.10 with a high estimate of $184.00 and a low estimate of $100.00. The average target implies an downside of 1.96% from the current price of $153.11. More detailed estimate data can be found on the 3M Co (MMM) Forecast page.
Based on the consensus recommendation from 19 brokerage firms, 3M Co's (MMM, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for 3M Co (MMM, Financial) in one year is $78.44, suggesting a downside of 48.77% from the current price of $153.11. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the 3M Co (MMM) Summary page.
