$129.13
0.81% today
NYSE, Dec 30, 10:10 pm CET
ISIN
US88579Y1010
Symbol
MMM

3M Target price 2024 - Analyst rating & recommendation

3M Classifications & Recommendation:

Buy
55%
Hold
30%
Sell
15%

3M Price Target

Target Price $152.87
Price $129.13
Potential 18.38%
Number of Estimates 15
15 Analysts have issued a price target 3M 2025 . The average 3M target price is $152.87. This is 18.38% higher than the current stock price. The highest price target is $184.00 42.49% , the lowest is $100.00 22.56% .
A rating was issued by 20 analysts: 11 Analysts recommend 3M to buy, 6 to hold and 3 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the 3M stock has an average upside potential 2025 of 18.38% . Most analysts recommend the 3M stock at Purchase.

Sales and Margin forecast 2024, 2025 to 2027


Dec '23 2024
Estimates
Revenue Billion $ 32.68 23.60
4.52% 27.80%
EBITDA Margin 23.31% 27.77%
35.13% 19.15%
Net Margin -21.05% 17.44%
229.94% 182.87%

13 Analysts have issued a sales forecast 3M 2024 . The average 3M sales estimate is $23.6b . This is 17.39% lower than the revenue of the last 12 months(TTM). The highest sales forecast is $23.7b 17.16% , the lowest is $23.5b 17.60% .

This results in the following potential growth metrics:

Revenue Estimates

2023 $32.7b 4.52%
2024 $23.6b 27.80%
2025 $24.3b 2.92%
2026 $25.1b 3.19%
2027 $25.9b 3.49%

13 Analysts have issued an 3M EBITDA forecast 2024. The average 3M EBITDA estimate is $6.6b . This is 7.75% lower than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is $7.2b 1.21% , the lowest is $6.2b 13.12% .

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $7.6b 29.01%
2024 $6.6b 13.98%
2025 $6.9b 6.02%
2026 $7.3b 5.14%
2027 $7.8b 6.50%

EBITDA Margin

2023 23.31% 35.13%
2024 27.77% 19.15%
2025 28.60% 2.99%
2026 29.14% 1.89%
2027 29.99% 2.92%

6 3M Analysts have issued a net profit forecast 2024. The average 3M net profit estimate is $4.1b . This is 4.58% lower than the net profit for the last 12 months(TTM). The highest net profit forecast is $4.3b 0.55% , the lowest is $4.0b 6.82% .

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $-6.9b 224.07%
2024 $4.1b 159.84%
2025 $5.5b 34.27%
2026 $5.8b 5.35%
2027 $6.0b 2.90%

Net Margin

2023 -21.05% 229.94%
2024 17.44% 182.87%
2025 22.75% 30.45%
2026 23.23% 2.11%
2027 23.10% 0.56%

Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2027


Dec '23 2024
Estimates
Earnings Per Share $ -12.63 7.56
224.07% 159.86%
P/E 17.23
EV/Sales 3.28

6 Analysts have issued a 3M forecast for earnings per share. The average 3M <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is $7.56 . This is 4.55% lower than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is $7.96 0.51% , the lowest is $7.38 6.82% .

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $-12.63 224.07%
2024 $7.56 159.86%
2025 $10.15 34.26%
2026 $10.69 5.32%
2027 $11.00 2.90%

P/E ratio

Current 16.44 306.53%
2024 17.23 4.81%
2025 12.83 25.54%
2026 12.18 5.07%
2027 11.83 2.87%

Based on analysts' sales estimates for 2024, the 3M stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of 3.28 and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of 3.00 .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 2.71 26.05%
2024 3.28 21.11%
2025 3.19 2.84%
2026 3.09 3.10%
2027 2.99 3.37%

P/S ratio

Current 2.48 38.38%
2024 3.00 21.06%
2025 2.92 2.84%
2026 2.83 3.09%
2027 2.73 3.37%

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