3M Company Stock: Is Wall Street Bullish or Bearish?

Company Overview - 3M Company (MMM) is a diversified technology firm based in Saint Paul, Minnesota, with a market capitalization of $81.4 billion, offering products across industrial, safety, consumer, and electronics markets [1] Market Performance - Over the past 52 weeks, MMM has underperformed the broader market, with its shares gaining marginally while the S&P 500 Index increased by 14.3%. Year-to-date, MMM's stock is down 4.4%, contrasting with the S&P 500's 1.4% increase [1] - MMM has also lagged behind the State Street Industrial Select Sector SPDR ETF (XLI), which rose 19.5% over the past 52 weeks and 6.6% year-to-date [2] Earnings Report - On January 20, shares of MMM fell by 7% following its Q4 earnings release, despite reporting better-than-expected results. The company achieved revenue of $6.1 billion and adjusted EPS of $1.83, both exceeding analyst estimates. However, rising geopolitical tensions between the U.S. and Europe negatively impacted investor sentiment [4] Future Earnings Expectations - For fiscal 2026, analysts project MMM's EPS to grow by 6.3% year-over-year to $8.57. The company has a strong earnings surprise history, having exceeded consensus estimates in the last four quarters [5] Analyst Ratings - Among 16 analysts covering MMM, the consensus rating is a "Moderate Buy," consisting of eight "Strong Buy," seven "Hold," and one "Strong Sell" ratings [5] - RBC Capital analyst Deane Dray maintained an "Underperform" rating on MMM while raising its price target to $136. The mean price target of $179.33 indicates a 17.6% premium from current levels, while the highest price target of $200 suggests a potential upside of 31.2% [8]