3M (NYSE:MMM) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

3M (NYSE:MMM) had its price objective upped by equities research analysts at Jefferies Financial Group from $160.00 to $170.00 in a research note issued to investors on Tuesday,MarketScreener reports. The brokerage currently has a “hold” rating on the conglomerate’s stock. Jefferies Financial Group’s price target suggests a potential upside of 16.66% from the company’s current price.

A number of other research analysts have also issued reports on MMM. Mizuho set a $160.00 price target on shares of 3M in a research note on Wednesday, January 21st. Royal Bank Of Canada dropped their price target on shares of 3M from $134.00 to $133.00 and set an “underperform” rating on the stock in a research note on Wednesday. Weiss Ratings lowered shares of 3M from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of 3M from $181.00 to $171.00 and set a “hold” rating on the stock in a research note on Wednesday. Finally, UBS Group reiterated a “buy” rating on shares of 3M in a research note on Friday, March 13th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $170.27.

3M Trading Down 1.9%

NYSE MMM opened at $145.72 on Tuesday. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.33 and a current ratio of 1.59. The firm has a market cap of $76.13 billion, a PE ratio of 28.08, a P/E/G ratio of 2.16 and a beta of 1.09. 3M has a one year low of $134.85 and a one year high of $177.41. The firm’s fifty day moving average is $153.72 and its two-hundred day moving average is $160.22.

3M (NYSE:MMM) last issued its quarterly earnings results on Tuesday, April 21st. The conglomerate reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.16. 3M had a net margin of 11.14% and a return on equity of 104.75%. The business had revenue of $6 billion for the quarter, compared to analyst estimates of $6.04 billion. During the same period in the previous year, the business posted $1.88 earnings per share. The business’s revenue was up 1.3% compared to the same quarter last year. 3M has set its FY 2026 guidance at 8.500-8.700 EPS. Analysts expect that 3M will post 8.65 earnings per share for the current year.

Insiders Place Their Bets

In other 3M news, CAO Theresa E. Reinseth sold 5,145 shares of the company’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $172.75, for a total transaction of $888,798.75. Following the transaction, the chief accounting officer directly owned 2,585 shares in the company, valued at approximately $446,558.75. This represents a 66.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. L & S Advisors Inc grew its position in 3M by 32.2% during the third quarter. L & S Advisors Inc now owns 58,316 shares of the conglomerate’s stock worth $9,049,000 after buying an additional 14,204 shares during the period. SG Americas Securities LLC lifted its holdings in shares of 3M by 806.1% in the fourth quarter. SG Americas Securities LLC now owns 314,460 shares of the conglomerate’s stock valued at $50,345,000 after purchasing an additional 279,757 shares in the last quarter. Inspire Trust Co. N.A. lifted its holdings in shares of 3M by 21.9% in the third quarter. Inspire Trust Co. N.A. now owns 39,000 shares of the conglomerate’s stock valued at $6,052,000 after purchasing an additional 7,000 shares in the last quarter. Allstate Corp purchased a new stake in shares of 3M in the third quarter valued at about $3,087,000. Finally, First Bank & Trust purchased a new stake in shares of 3M in the fourth quarter valued at about $828,000. 65.25% of the stock is currently owned by institutional investors and hedge funds.

3M News Roundup

Here are the key news stories impacting 3M this week:

• Positive Sentiment: Q1 beat on adjusted EPS and margin expansion — 3M posted adjusted EPS of $2.14 (above consensus) and reported operating / adjusted operating-margin improvement, driven by productivity and cost actions; management reiterated FY2026 EPS guidance of $8.50–$8.70, supporting the earnings outlook. MMM Q1 Deep Dive: Productivity Gains and Strategic Moves Amid Mixed Growth Signals
• Positive Sentiment: Wells Fargo raised its price target to $165 and kept an overweight rating, signaling incremental analyst confidence in upside from margin leverage and the company’s cash generation. Benzinga
• Positive Sentiment: Jefferies lifted its target to $170 (maintains hold), reflecting a more constructive view of 3M’s near-term earnings power after the quarter. Jefferies adjusts 3M price target to $170
• Neutral Sentiment: Deutsche Bank trimmed its price target to $171 from $181 but kept a hold rating — still implies upside from current levels but reflects more cautious valuation assumptions. Deutsche Bank adjusts 3M price target to $171
• Neutral Sentiment: Citigroup recently lowered its price target (part of group-wide previews) but kept a neutral stance — a reminder analysts are refining models ahead of/after Q1 results. Citigroup Lowers 3M Price Target
• Negative Sentiment: Revenue mixed / organic softness — reported sales were roughly in line but slightly below some estimates and organic growth was modest (~1.2–1.3%), which limits the near-term growth narrative and may pressure multiple expansion. 3M Reports First-Quarter 2026 Results
• Negative Sentiment: Royal Bank of Canada cut its target to $133 and kept an underperform rating, the most bearish analyst action in the group — adds selling pressure and a near-term downside catalyst for the stock. RBC trims price target on 3M to $133

About 3M

3M Company, originally founded in 1902 as the Minnesota Mining and Manufacturing Company, is a diversified global technology and manufacturing firm headquartered in St. Paul, Minnesota. Over its history the company has expanded from mineral mining into a broad portfolio of industrial, safety, healthcare and consumer products, building a reputation for applied science and product innovation across many end markets.

3M’s businesses span a wide range of product categories including adhesives and tapes, abrasives, filtration and separation technologies, personal protective equipment such as respirators, medical and dental products, industrial and automotive solutions, and a suite of consumer brands (for example, well-known office and home products).