Barclays has revised its price target for 3M (MMM, Financial), boosting it to $164 from the previous $160. The financial firm continues to maintain an Overweight rating on the company's shares. This adjustment comes as Barclays expresses confidence in 3M's earnings guidance, suggesting that the company's financial outlook remains stable despite potential tariff impacts. The firm believes there is sufficient leeway within 3M's current earnings forecast to support this positive perspective.
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 $150.09 with a high estimate of $184.00 and a low estimate of $100.00. The average target implies an upside of 10.09% from the current price of $136.33. 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 $88.15, suggesting a downside of 35.34% from the current price of $136.33. 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.
