3M (NYSE:MMM) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

3M (NYSE:MMM) had its target price upped by analysts at Wells Fargo & Company from $160.00 to $165.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the conglomerate’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 13.90% from the stock’s current price.

A number of other analysts have also recently weighed in on MMM. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of 3M from $181.00 to $171.00 and set a “hold” rating for the company in a research note on Wednesday. Weiss Ratings cut shares of 3M from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, February 4th. Royal Bank Of Canada reduced their price objective on shares of 3M from $134.00 to $133.00 and set an “underperform” rating for the company in a research note on Wednesday. Barclays reduced their price objective on shares of 3M from $190.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. Finally, Morgan Stanley boosted their price objective on shares of 3M from $160.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 21st. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, 3M currently has an average rating of “Hold” and an average price target of $171.17.

3M Price Performance

Shares of NYSE:MMM opened at $144.86 on Wednesday. 3M has a fifty-two week low of $134.85 and a fifty-two week high of $177.41. The business has a 50-day moving average of $153.13 and a two-hundred day moving average of $160.11. The stock has a market capitalization 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. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.59 and a quick ratio of 1.33.

3M (NYSE:MMM) last announced its quarterly earnings results 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. 3M had a return on equity of 104.75% and a net margin of 11.14%.The company had revenue of $6 billion during the quarter, compared to analysts’ expectations of $6.04 billion. During the same quarter in the previous year, the firm earned $1.88 earnings per share. The business’s quarterly 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. On average, equities research analysts predict that 3M will post 8.69 EPS for the current fiscal year.

Insider Buying and Selling

In other 3M news, CAO Theresa E. Reinseth sold 5,145 shares of the company’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 completion of the transaction, the chief accounting officer owned 2,585 shares of the company’s stock, valued at $446,558.75. This represents a 66.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.19% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On 3M

Several large investors have recently added to or reduced their stakes in MMM. L & S Advisors Inc raised its stake in shares of 3M by 32.2% in the 3rd quarter. L & S Advisors Inc now owns 58,316 shares of the conglomerate’s stock valued at $9,049,000 after buying an additional 14,204 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of 3M by 806.1% in the 4th quarter. SG Americas Securities LLC now owns 314,460 shares of the conglomerate’s stock valued at $50,345,000 after buying an additional 279,757 shares in the last quarter. Inspire Trust Co. N.A. raised its stake in shares of 3M by 21.9% in the 3rd quarter. Inspire Trust Co. N.A. now owns 39,000 shares of the conglomerate’s stock valued at $6,052,000 after buying an additional 7,000 shares in the last quarter. Allstate Corp acquired a new position in shares of 3M in the 3rd quarter valued at $3,087,000. Finally, First Bank & Trust acquired a new position in shares of 3M in the 4th quarter valued at $828,000. Institutional investors and hedge funds own 65.25% of the company’s stock.

Key Stories 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).