3M (NYSE:MMM) Stock Price Expected to Rise, HSBC Analyst Says

3M (NYSE:MMM) had its price objective increased by analysts at HSBC from $175.00 to $185.00 in a note issued to investors on Wednesday,MarketScreener reports. The firm presently has a “buy” rating on the conglomerate’s stock. HSBC’s price target suggests a potential upside of 27.71% from the company’s previous close.

Several other analysts have also recently weighed in on MMM. Wolfe Research cut their price objective on 3M from $205.00 to $186.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 8th. Barclays cut their price objective on 3M from $190.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 1st. Weiss Ratings cut 3M from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, February 4th. Morgan Stanley lifted their price objective on 3M from $160.00 to $165.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 21st. Finally, UBS Group reaffirmed a “buy” rating on shares of 3M in a research report on Friday, March 13th. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $171.17.

3M Price Performance

Shares of MMM stock opened at $144.86 on Wednesday. The firm has a market cap of $75.55 billion, a P/E ratio of 27.91, a P/E/G ratio of 2.11 and a beta of 1.09. 3M has a fifty-two week low of $134.85 and a fifty-two week high of $177.41. The business’s 50 day moving average price is $153.13 and its 200-day moving average price is $160.11. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.33 and a current ratio of 1.59.

3M (NYSE:MMM) last issued its quarterly earnings data on Tuesday, April 21st. The conglomerate reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.16. The firm had revenue of $6 billion for the quarter, compared to analyst estimates of $6.04 billion. 3M had a return on equity of 104.75% and a net margin of 11.14%.The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the company earned $1.88 EPS. 3M has set its FY 2026 guidance at 8.500-8.700 EPS. On average, equities research analysts anticipate that 3M will post 8.69 earnings per share for the current year.

Insider Activity at 3M

In other news, CAO Theresa E. Reinseth sold 5,145 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $172.75, for a total value of $888,798.75. Following the sale, the chief accounting officer directly owned 2,585 shares of the company’s stock, valued at $446,558.75. The trade was a 66.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.19% of the stock is currently owned by corporate insiders.

Institutional Trading of 3M

Hedge funds have recently made changes to their positions in the stock. L & S Advisors Inc lifted its stake in shares of 3M by 32.2% in 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 in the last quarter. SG Americas Securities LLC lifted its stake 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 worth $50,345,000 after buying an additional 279,757 shares in the last quarter. Inspire Trust Co. N.A. lifted its stake 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 worth $6,052,000 after buying an additional 7,000 shares in the last quarter. Allstate Corp bought a new position in shares of 3M in the third quarter worth approximately $3,087,000. Finally, First Bank & Trust bought a new position in shares of 3M in the fourth quarter worth approximately $828,000. 65.25% of the stock is owned by institutional investors.

Key Headlines Impacting 3M

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

• Positive Sentiment: HSBC raised its price target to $185 and kept a Buy rating, signaling sizable upside vs. current levels and supporting upside expectations. MarketScreener
• Positive Sentiment: Wells Fargo bumped its target to $165 and maintained an Overweight rating, another upward revision that lends support to the stock. Benzinga
• Positive Sentiment: Jefferies raised its target to $170 (Hold), part of a cluster of raises that reflect confidence in operational improvements and margin progress. MarketScreener
• Positive Sentiment: Analyst commentary/coverage (Seeking Alpha) upgraded the tone to “Time To Start Nibbling,” highlighting the EPS beat, cash flow improvements and a potentially attractive entry point for long-term investors. Seeking Alpha
• Positive Sentiment: Q1 deep-dive coverage notes 3M beat non-GAAP EPS ($2.14 vs. consensus ~$1.98) and cited productivity gains and strategic moves; revenue was roughly flat (~$6.0B). The operational beat supports management’s FY guidance. Yahoo Finance
• Neutral Sentiment: JPMorgan trimmed its target slightly to $178 and kept a Neutral rating — a small downgrade in target but no change in conviction, suggesting mixed analyst views rather than a broad negative shift. MarketScreener
• Neutral Sentiment: Deutsche Bank cut its target to $171 but kept a Hold — another modest reset that reflects tempered upside while leaving longer-term fundamentals intact. MarketScreener
• Negative Sentiment: RBC lowered its target to $133 and kept an Underperform rating, the most bearish call among recent notes — this raises near-term selling pressure and contributes to the stock’s decline. MarketScreener

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).