3M Company (MMM) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$146.54
Price Target
$166.75
Target Range
$136.00 — $190.00
Analyst Rating
Hold
Forward P/E16.9x
Trailing P/E24.4x
Forward PEG—
Implied Growth+66.0%
Median Target$170.50
Analyst Spread32.4%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$136
-7.2%
Consensus
$167
+13.8%
Bull Case
$190
+29.7%
Valuation Model TargetsConfidence: 61/100
Bear$52
Base$148
Bull$138
MMM Price Target Analysis
Updated May 7, 2026As of May 7, 2026, 3M Company (MMM) has a Wall Street consensus price target of $166.75, based on estimates from 33 covering analysts. With the stock currently trading at $146.54, this represents a potential upside of +13.8%. The company has a market capitalization of $76.43B.
Analyst price targets range from a low of $136.00 to a high of $190.00, representing a 32% spread in expectations. The median target of $170.50 aligns closely with the consensus average.
The current analyst consensus rating is Hold, with 15 analysts rating the stock as a Buy or Strong Buy,17 rating it Hold, and 1 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, MMM trades at a trailing P/E of 24.4x and forward P/E of 16.9x. Analysts expect EPS to grow +66.0% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $147.97, with bear and bull scenarios of $51.90 and $137.63 respectively. Model confidence stands at 61/100, reflecting moderate uncertainty in projections.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Industrials stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside+12.2%
Avg Forward P/E23.9x
Peers with Coverage10 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 HONHoneywell International Inc. | $137.4B | $216.82 | $243.83 | +12.5% | Buy | 20.6x | 28 |
 EMREmerson Electric Co. | $83.2B | $147.92 | $161.92 | +9.5% | Buy | 22.8x | 41 |
 ITWIllinois Tool Works Inc. | $75.1B | $260.52 | $273.67 | +5.0% | Hold | 23.1x | 28 |
 ETNEaton Corporation plc | $163.5B | $421.39 | $379.78 | -9.9% | Buy | 31.7x | 39 |
 PHParker-Hannifin Corporation | $113.9B | $902.66 | $1042.08 | +15.4% | Buy | 29.1x | 38 |
 ROKRockwell Automation, Inc. | $51.6B | $459.35 | $436.56 | -5.0% | Hold | 37.8x | 39 |
 AVYAvery Dennison Corporation | $12.8B | $166.68 | $214.75 | +28.8% | Buy | 16.6x | 18 |
 PPGPPG Industries, Inc. | $25.0B | $111.53 | $127.67 | +14.5% | Buy | 14.1x | 38 |
 SHWThe Sherwin-Williams Company | $79.8B | $323.63 | $389.43 | +20.3% | Buy | 27.6x | 38 |
 ROPRoper Technologies, Inc. | $36.1B | $350.26 | $457.64 | +30.7% | Buy | 16.0x | 23 |
Upside Potential Comparison
ROPAVYSHWPHPPGHONEMRITWFull MMM Stock Analysis
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Start ComparisonMMM — Frequently Asked Questions
Quick answers to the most common questions about buying MMM stock.
What is the MMM stock price target for 2026?
3M Company (MMM) has a consensus 12-month price target of $166.75, implying 13.8% upside from $146.54. The 33 analysts covering MMM see moderate appreciation potential.
Is MMM a buy, sell, or hold?
MMM has a consensus rating of "Hold" based on 33 Wall Street analysts. The rating breakdown is mixed, with 17 Hold ratings making up the largest segment. The consensus 12-month price target of $166.75 implies 13.8% upside from current levels.
Is MMM stock overvalued or undervalued?
With a forward P/E of 16.8712x, MMM trades at a relatively low valuation. The consensus target of $166.75 implies 13.8% appreciation, suggesting meaningful undervaluation.
How high can MMM stock go?
The most bullish Wall Street analyst has a price target of $190 for MMM, while the most conservative target is $136. The consensus of $166.75 represents the median expectation. Our quantitative valuation model projects a bull case target of $138 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover MMM stock?
MMM is heavily covered by Wall Street, with 33 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 15 have Buy ratings, 17 recommend Hold, and 1 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the MMM stock forecast?
The 12-month MMM stock forecast based on 33 Wall Street analysts shows a consensus price target of $166.75, with estimates ranging from $136 (bear case) to $190 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $148, with bear/bull scenarios of $52/$138.
What is MMM's fair value based on fundamentals?
Our quantitative valuation model calculates MMM's fair value at $148 (base case), with a bear case of $52 and bull case of $138. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 61/100.
What is MMM's forward P/E ratio?
MMM trades at a forward P/E ratio of 16.9x based on next-twelve-months earnings estimates compared to a trailing P/E of 24.4x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy MMM stock?
Wall Street analysts are optimistic on MMM, with a "Hold" consensus rating and $166.75 price target (13.8% upside). 15 of 33 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do MMM price targets vary so much?
MMM analyst price targets range from $136 to $190, a 32% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $166.75 consensus represents the middle ground. Our model's $52-$138 range provides an independent fundamental perspective.