- 3M (MMM, Financial) outperformed first-quarter sales expectations, boosting its share price.
- Analysts foresee potential upside for 3M, with an average price target of $150.62.
- GuruFocus estimates suggest a potential downside based on GF Value metrics.
3M Co. (NYSE: MMM) saw its shares perk up by 1.9% in premarket trading following an impressive earnings report that outstripped first-quarter expectations. The iconic manufacturing giant reported revenues of $5.95 billion, comfortably eclipsing the forecasted $5.73 billion. Additionally, 3M posted adjusted earnings of $1.88 per share. Despite facing potential hurdles from tariffs that could impact earnings by $0.20 to $0.40 per share, the company reaffirmed its adjusted earnings guidance for 2025, estimating between $7.60 and $7.90 per share.
Analyst Price Targets and Recommendations
In-depth analysis from 15 Wall Street analysts has culminated in an average one-year price target for 3M Co. (MMM, Financial) at $150.62. The projections range from a high of $184.00 to a low of $98.00, presenting an average upside potential of 19.46% from the current stock price of $126.09. For additional insights and detailed estimates, visit the 3M Co (MMM) Forecast page.
The consensus among 19 brokerage firms places 3M Co. (MMM, Financial) at an average recommendation of 2.3, reflecting an "Outperform" status on the rating scale. This scale spans from 1, representing a Strong Buy, to 5, indicating a Sell recommendation.
Evaluating GF Value and Market Implications
According to GuruFocus estimates, the GF Value for 3M Co. (MMM, Financial) stands at $88.15 for the upcoming year. This valuation suggests a downside of 30.09% from the current trading price of $126.09. The GF Value is a proprietary metric developed by GuruFocus to assess a stock's fair market value, taking into account historical trading multiples, previous business growth, and future performance projections. More comprehensive data is accessible on the 3M Co (MMM) Summary page.
