55/100B3M Company stock forecast 2026–2030What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for 3M Company is 188.13, 1.6% above the current price of 185.21. Their targets range from 135.00 to 230.00.
Of the 12 firms that rated 3M Company in the past 12 months, 5 rate it buy or strong buy, 6 hold and 1 sell or strong sell (each firm at its latest rating): a Hold consensus.
Analysts' 1-year price targets range from 135.00 to 230.00, with an average of 188.13.
| Buy | 5 | |
| Hold | 6 | |
| Sell | 1 |
12-month price target
| Highest target | 230.00 |
| Average target | 188.13 |
| Lowest target | 135.00 |
| Current price | 185.21 |
3M Company price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Have analysts recently raised or lowered their 3M Company price target and rating?
How analysts rate 3M Company, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
5 of 12 firms rate it buy now, against 5 of 9 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
3M Company analyst upgrades, downgrades and price targets
The latest rating change came on 12 November 2026, when Wolfe Research downgraded 3M Company from Outperform to Peer Perform. The most recent new target came from UBS on 4 November 2026: 230.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 12 Nov 2026 | Wolfe Research | Downgraded · Outperform → Peer Perform | — | — | — |
| 4 Nov 2026 | UBS Amit Mehrotra | — | 218.00 → 230.00 | +5.5% | 192.63 |
| 21 Oct 2026 | Bernstein Varun Govindaraj | Reiterated · Market Perform | 171.00 → 197.00 | +15.2% | 170.91 |
| 21 Oct 2026 | RBC Capital Jeffrey Reive | Reiterated · Underperform | 136.00 → 135.00 | -0.7% | 170.15 |
| 21 Oct 2026 | Jefferies Laurence Alexander | — | 186.00 | — | 171.37 |
| 25 Sept 2026 | Bernstein | Upgraded · Underperform → Market Perform | 145.00 → 171.00 | +17.9% | 167.52 |
| 24 Sept 2026 | Wells Fargo | — | 195.00 | — | 167.52 |
| 23 Jul 2026 | Mizuho Securities | Reiterated · Neutral | 160.00 → 180.00 | +12.5% | 170.08 |
| 22 Jul 2026 | Deutsche Bank Nicole Deblase | — | 181.00 → 192.00 | +6.1% | 173.97 |
| 22 Jul 2026 | UBS | Reiterated · Buy | 190.00 → 218.00 | +14.7% | 170.76 |
| 22 Jul 2026 | Bernstein Varun Govindaraj | Reiterated · Underperform | 145.00 | — | 170.76 |
| 17 Jul 2026 | JP Morgan | Upgraded · Neutral → Overweight | — | — | — |
| 15 Jun 2026 | Goldman Sachs | — | 190.00 | — | 158.32 |
| 21 Jan 2026 | Deutsche Bank | Reiterated · Hold | 178.00 → 181.00 | +1.7% | 158.06 |
| 21 Jan 2026 | Mizuho Securities Brett Linzey | — | 160.00 | — | 157.45 |
| 21 Jan 2026 | RBC Capital Deane Dray | Reiterated · Underperform | 131.00 → 136.00 | +3.8% | 156.09 |
| 16 Jan 2026 | JP Morgan | Downgraded · Overweight → Neutral | — | — | — |
| 15 Jan 2026 | RBC Capital Deane Dray | — | 131.00 | — | 172.79 |
| 8 Dec 2025 | Deutsche Bank Nicole Deblase | Downgraded · Buy → Hold | 178.00 | — | 167.48 |
| 4 Dec 2025 | Barclays | Reiterated · Overweight | 180.00 → 190.00 | +5.6% | 173.09 |
3M Company EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Analysts expect 3M Company's EPS to grow 21.7% a year until 2028. Over the last 5 years it fell 8.5% a year, and over the last 3 years it fell 16.2%.
Analysts expect 3M Company's revenue to grow 3.6% a year until 2028. Over the last 5 years it fell 5.0% a year, and over the last 3 years it fell 10.0%.
Revenue
EPS
Does 3M Company beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 6.5% off the result, either way, and their revenue estimate 3.2%, over the last 12 quarters.
- EPS beats
- 97 / 136
- Revenue beats
- 90 / 120
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- +6.5%
- Since
- February 1993
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 20 Oct 2026 | 2.38 | 2.50 | +5.0% | 6.61B | 6.60B | -0.1% |
| Q2 FY2026 | 21 Jul 2026 | 2.25 | 2.40 | +6.7% | 6.40B | 6.50B | +1.6% |
| Q1 FY2026 | 21 Apr 2026 | 1.98 | 2.14 | +8.1% | 6.01B | 6.00B | -0.1% |
| Q4 FY2025 | 20 Jan 2026 | 1.80 | 1.83 | +1.7% | 6.00B | 6.13B | +2.1% |
| Q3 FY2025 | 21 Oct 2025 | 2.07 | 2.19 | +5.8% | 6.25B | 6.52B | +4.3% |
| Q2 FY2025 | 18 Jul 2025 | 2.01 | 2.16 | +7.5% | 6.12B | 6.34B | +3.7% |
| Q1 FY2025 | 22 Apr 2025 | 1.78 | 1.88 | +5.6% | 5.76B | 5.95B | +3.4% |
| Q4 FY2024 | 21 Jan 2025 | 1.67 | 1.68 | +0.6% | 5.78B | 6.01B | +3.9% |
| Q3 FY2024 | 22 Oct 2024 | 1.91 | 1.98 | +3.7% | 6.06B | 6.29B | +3.9% |
| Q2 FY2024 | 26 Jul 2024 | 1.68 | 1.93 | +14.9% | 5.85B | 6.26B | +6.8% |
| Q1 FY2024 | 30 Apr 2024 | 2.10 | 2.39 | +13.8% | 7.63B | 8.00B | +4.9% |
| Q4 FY2023 | 23 Jan 2024 | 2.31 | 2.42 | +4.8% | 7.70B | 8.01B | +4.0% |
3M Company stock price 2026–2030: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
If 3M Company's earnings keep growing at the 10.3% a year analysts expect to FY2028, it would earn about 13.18 a share in FY2030. At the P/E it has traded at over the last five years (9.8 to 27.4) that is 129.39 to 361.53 a share, or 251.17 at its average P/E of 19.1. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 9.12 | 89.61 | 173.94 | 250.38 |
| FY2027 | 9.96 | 97.80 | 189.85 | 273.27 |
| FY2028 | 10.82 | 106.29 | 206.34 | 297.01 |
| FY2029 (extrapolated) | 11.94 | 117.27 | 227.65 | 327.68 |
| FY2030 (extrapolated) | 13.18 | 129.39 | 251.17 | 361.53 |
Each year's EPS is the analysts' consensus to FY2028; the years after grow 10.3% a year (the analysts' growth, at most 15%). Bear, base and bull apply the lowest, average and highest P/E of today and the last five fiscal year ends, leaving out any above 60, the mark of a year of collapsed earnings (9.8, 19.1, 27.4).
Is 3M Company stock undervalued or overvalued?How does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
3M Company's P/E of 27.4 is above the middle of its 5-year range (8.6 to 82.0, median 19.5). Analysts expect faster growth than in recent years, which can explain part of the high P/E. Fair value is not a reliable guide for 3M Company: it made a loss in FY2023, so its usual P/E says little about what it is worth. Its forward P/E, on the consensus for FY2026, is 20.3.
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 27.44
- Five-year median P/EWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 19.50
- Five-year P/E range
- 8.6 – 82.0
- Forward P/E (FY2026)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 20.30
- PEG ratioWhat is the PEG ratio? The PEG ratio divides the P/E by the yearly earnings growth analysts expect, to show how much you pay for each point of growth.
- 2.66
- To the average targetWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
- +1.6%
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 35.850 | 71.4258Price 35.85193 | +99.2% | |
| 29.050 | 56.2634Price 29.0596 | +93.7% | |
| 241.000 | 464.49205Price 241.00627 | +92.7% | |
| 123.590 | 237.24178Price 123.59297 | +92.0% | |
| 161.400 | 305.52159Price 161.40396 | +89.3% | |
| 157.460 | 297.58169Price 157.46471 | +89.0% | |
| 217.560 | 405.38304Price 217.56507 | +86.3% |
Furthest below the fair value on each stock's page, updated every day.