3M Stock Target Price and Analyst Consensus
MMM Stock | USD 91.48 0.52 0.57% |
The current analyst and expert consensus on 3M is Hold with 16 hold recommendations. The current projected 3M target price consensus is 113.69 with 19 analyst opinions. One of the most common ways 3M Company analysts use to provide buy-or-sell recommendation to the public are conference calls analysis and financial statements evaluations. Some experts can also talk to 3M vendors, executives, and/or customers. 3M recommendation module provides expert sentiment on the projected 3M Company target price to derive its highest and lowest estimates based on target price standard deviation of 0.0. Check out Macroaxis Advice on 3M to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
Lowest Forecast 103.46 | Highest Forecast 126.2 | Target Price 113.69 |
3M |
It's important to approach 3M's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.
Steps to utilize 3M price targets
3M's stock target price is an estimate of its future price, usually made by analysts. Using 3M's target price to determine if it is a suitable investment can be done through the following steps:- Look at 3M's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
- Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
- Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
- Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if 3M's stock is likely to perform well.
- Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Additional 3M Value Projection Modules
Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of 3M is a key component of 3M valuation and have some predictive power on the future returns of a 3M.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 3M's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Trending Themes
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Check out Macroaxis Advice on 3M to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. You can also try the AI Investment Finder module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for 3M Stock analysis
When running 3M's price analysis, check to measure 3M's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy 3M is operating at the current time. Most of 3M's value examination focuses on studying past and present price action to predict the probability of 3M's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 3M's price. Additionally, you may evaluate how the addition of 3M to your portfolios can decrease your overall portfolio volatility.
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The data published in 3M's official financial statements usually reflect 3M's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of 3M Company. For example, before you start analyzing numbers published by 3M accountants, it's critical to develop an understanding of what 3M's liquidity, profitability, and earnings quality are in the context of the Industrial Conglomerates space in which it operates.
Please note, the presentation of 3M's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, 3M's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in 3M's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of 3M Company. Please utilize our Beneish M Score to check the likelihood of 3M's management manipulating its earnings.