HSBC Issues Positive Forecast for 3M (NYSE:MMM) Stock Price

23 Apr 2026, 10:50 by Renee Jackson · The Cerbat Gem

3M (NYSE:MMM – Get Free Report) had its price target raised by research analysts at HSBC from $175.00 to $185.00 in a research 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 26.79% from the company’s current price.

MMM has been the topic of several other research reports. Barclays decreased their price target on 3M from $190.00 to $185.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 1st. Citigroup cut their price objective on 3M from $175.00 to $166.00 and set a “neutral” rating for the company in a report on Monday, April 13th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of 3M from $181.00 to $171.00 and set a “hold” rating on the stock in a research note on Wednesday. Wells Fargo & Company increased their target price on shares of 3M from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Jefferies Financial Group lifted their price target on shares of 3M from $160.00 to $170.00 and gave the company a “hold” rating in a report on Tuesday. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $171.17.

Check Out Our Latest Stock Report on 3M

3M Price Performance

NYSE:MMM traded up $0.13 during mid-day trading on Wednesday, hitting $145.91. The company’s stock had a trading volume of 975,470 shares, compared to its average volume of 3,995,601. The company has a market capitalization of $76.22 billion, a price-to-earnings ratio of 28.11, a P/E/G ratio of 2.16 and a beta of 1.09. The company has a current ratio of 1.59, a quick ratio of 1.33 and a debt-to-equity ratio of 3.29. 3M has a fifty-two week low of $134.85 and a fifty-two week high of $177.41. The stock has a fifty day moving average of $153.72 and a 200-day moving average of $160.22.

3M (NYSE:MMM – Get Free Report) last released its quarterly earnings data on Tuesday, April 21st. The conglomerate reported $2.14 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $6.04 billion. During the same period in the prior year, the company posted $1.88 EPS. The company’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. As a group, equities analysts forecast that 3M will post 8.65 EPS for the current fiscal year.

Insider Activity

In related news, CAO Theresa E. Reinseth sold 5,145 shares of 3M stock in a transaction dated 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 directly owned 2,585 shares of the company’s stock, valued at $446,558.75. The trade was a 66.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.19% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On 3M

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC raised its stake in shares of 3M by 653.6% in the first quarter. SG Americas Securities LLC now owns 2,369,879 shares of the conglomerate’s stock worth $344,178,000 after acquiring an additional 2,055,419 shares during the last quarter. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of 3M in the fourth quarter valued at approximately $65,009,000. Handelsbanken Fonder AB increased its holdings in shares of 3M by 1.5% in the fourth quarter. Handelsbanken Fonder AB now owns 271,777 shares of the conglomerate’s stock valued at $43,511,000 after purchasing an additional 4,101 shares in the last quarter. Captrust Financial Advisors raised its position in 3M by 2.9% in the 4th quarter. Captrust Financial Advisors now owns 156,676 shares of the conglomerate’s stock worth $25,084,000 after purchasing an additional 4,372 shares during the last quarter. Finally, Willis Investment Counsel lifted its holdings in 3M by 1.5% during the 4th quarter. Willis Investment Counsel now owns 136,141 shares of the conglomerate’s stock worth $21,796,000 after buying an additional 2,077 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

Trending Headlines about 3M

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

Positive Sentiment: Q1 earnings beat and maintained outlook — 3M reported adjusted EPS of $2.14, topping estimates and citing margin gains and cost controls while holding its full-year guidance, which supports near-term earnings visibility. Read More.
Positive Sentiment: Productivity and strategic actions highlighted — Coverage notes productivity gains and pricing steps helped offset sluggish organic growth, improving operating leverage that investors prize. Read More.
Positive Sentiment: Analyst upgrades/target increases — Wells Fargo raised its target to $165 and kept an overweight rating, signaling renewed buy-side interest. Read More.
Positive Sentiment: Jefferies lifted its price target to $170 (hold) — another vote of confidence that adds upward pressure on the stock. Read More.
Positive Sentiment: Buy-the-dip commentary from some outlets — analysts/commentary pieces (e.g., Seeking Alpha) suggest starting to nibble given the beat and valuation metrics. Read More.
Neutral Sentiment: Revenue mixed — reported revenue of $6.00B roughly met expectations (+3.9% Y/Y) but organic sales weakness tempers the quality of the beat. Read More.
Neutral Sentiment: Deutsche Bank trims target but stays constructive — PT lowered to $171 from $181 and remains a hold, leaving room for upside but signaling more cautious near-term view. Read More.
Negative Sentiment: RBC underperform/target cut — Royal Bank of Canada cut its PT to $133 and kept an underperform rating, introducing downside risk and reminding investors of differing views on growth and capital allocation. Read More.

About 3M

(Get Free Report)

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.