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MMM

3M Company

NYSE: MMM · INDUSTRIALS · CONGLOMERATES

$143.87
-1.48% today

Updated 2026-04-29

Market cap
$75.04B
P/E ratio
27.72
P/S ratio
3.00x
EPS (TTM)
$5.19
Dividend yield
2.03%
52W range
$135 – $177
Volume
3.8M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

3M Company (MMM) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$143.87
Consensus
$171.75
+19.38%
2030 Target
$664.56
+361.92%
DCF
$131.40
-31.54% MoS
8 analysts:
2 Buy4 Hold2 Sell

Management guidance

No specific CEO revenue targets found in available data. Management has not issued explicit forward revenue guidance beyond 2025. Recent news indicates 3M is investing in capacity (EBO production) and making strategic M&A (Madison Fire Rescue acquisition combined with Scott Safety), suggesting confidence in core markets, but no quantified revenue targets were disclosed.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$1,097.97
$29.1B Rev × 20x P/S
Base case (2030)
$664.56
$29.1B Rev × 12x P/S
Bear case (2030)
$433.41
$29.1B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$32.7B$24.6B$24.9B$25.4B$26.2B$27.1B$28.1B$29.1B
Revenue growth—-24.8%1.5%2.0%3.1%3.3%3.5%3.8%
EPS$9.24$7.98$7.30$8.73$9.49$10.15$10.85$11.60
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$577.88$592.33$621.22$635.67$664.56

Catalysts & risks

Growth catalysts
+ Fire and safety business expansion (Madison Fire Rescue + Scott Safety merger)
+ Expanded Beam Optical (EBO) capacity investment ramping production
+ Post-spinoff focus on core industrial/safety segments following Solventum healthcare separation
+ Portfolio optimization and margin expansion initiatives
+ Potential tariff normalization and cost inflation moderation in 2027+
Key risks
- Persistent headwinds from tariffs and manufacturing cost pressures (mentioned in recent articles)
- Negative 5-year revenue CAGR (-5.0%) reflects structural challenges in legacy businesses
- Ongoing legal resolutions and litigation costs (NEC baby formula suits mentioned in sector news)
- Exposure to cyclical industrial demand; consumer/commercial weakness could pressure Safety segment
- Competition in core markets and market share pressure in diversified segments

Methodology

3M Company's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 8 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.