MMM Price Prediction Next Week
Technical Analysis: Based on recent price action, MMM shows a bearish trend with increasing put volume and bearish options flow. The stock closed at $144.98 on Friday, February 21, 2025, with a significant -2.75% decline during regular trading hours.
Key technical indicators suggest:
- Stock is trading below key moving averages
- High put/call ratio of 1.95 indicates strong bearish sentiment
- Volume analysis shows increased selling pressure with 4.28M shares traded
News Impact:
- Bearish options activity with 5,256 puts trading, focusing on Jan-27 65 puts and 2/28 weekly 138 puts
- Recent leadership changes announced for March 2025 could create short-term uncertainty
- The broader market weakness, as evidenced by Dow's 654-point drop, adds additional selling pressure
Price Prediction for Next Week: Target Price Range: $141-143
- Resistance: $146.50
- Support: $141.00
Recommendation: SELL Rationale:
- Bearish technical setup with increasing put options activity
- Negative market sentiment and broader market weakness
- High institutional selling pressure indicated by volume analysis
The combination of technical indicators, bearish options flow, and negative market sentiment suggests MMM is likely to test lower support levels next week. Traders should consider taking short positions or reducing existing long positions.
MMM Similar Chart Price Prediction
The price of MMM is predicted to go up -7.46%, based on the high correlation periods with MBI. The similarity of these two price pattern on the periods is 97.82%.
MMM
MBI
Down: -7.46%Similarity: 97.82%
MMM Revenue Forecast
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MMM VS S&P500
3M continues to emphasize innovation and keeps competitors away with generous levels of R&D spending, which typically totals nearly 6% of net sales.
The firm continues to benefit from its shared technology platforms, which are applicable to multiple use cases. Technology allows 3M to charge a 10%-30% premium for its products but also brings down its unit costs.
3M is likely to profit from high-conviction high-probability bets. which, coupled with portfolio pruning in its weaker consumer-facing businesses, should allow it to accelerate growth relative to recent experience.
MMM Analyst's Forecast
Andrew Obin
B of A Securities
Strong Buy
2025-01-22
Price Target
$160 → $175
Upside
+17.36%
Barclays raised the firm's price target on 3M to $165 from $161 and keeps an Overweight rating on the shares following the Q4 report. The company's operating margins "remain very lumpy" quarter-to-quarter, but its year-over-year operational earnings growth is steadier, the analyst tells investors in a research note. The firm says expectations are not low into the capital markets day, but the stock's valuation remains inexpensive.
Andrew Kaplowitz
Citigroup
Hold
2025-01-22
Price Target
$142 → $152
Upside
+1.93%
Julian Mitchell
Barclays
Buy
2025-01-22
Price Target
$161 → $165
Upside
+10.65%
