MMM Price Prediction Next Week
Analysis and Insights
To predict the stock price of 3M Company (MMM) for the next trading week, we analyze both fundamental and technical factors.
Fundamental Analysis:
Positive Ratings: 3M received a high rating of 93% from Validea's Multi-Factor Investor model, indicating strong fundamentals and valuation. This model emphasizes low volatility, strong momentum, and high net payout yields, which are favorable traits for investors seeking stable returns with lower risk.
Spin-Off Success: The spin-off of Solventum, formerly 3M's healthcare business, has shown strong performance. Solventum reported fourth-quarter earnings above consensus estimates and outlined a positive long-term growth plan, which reflects well on 3M's strategic decisions.
Industry Challenges: However, 3M faces potential headwinds from broader industry challenges, such as transportation slowdowns and tariff uncertainties, which could impact earnings and cash flow expectations.
Technical Analysis:
Price Trends: MMM is currently trading at $150.21, with a 20-day SMA of $149.31, indicating a neutral trend. The stock is approaching the upper Fibonacci resistance level of $153.21, which may act as a barrier to further upward movement.
Momentum Indicators: The RSI (14) is at 52.47, indicating a neutral position without clear overbought or oversold signals. The MACD is slightly bullish, with a value of 1.11, suggesting mild upward momentum.
Support and Resistance: Key support levels are at $144.91 (Fibonacci S1) and $142.35 (Fibonacci S2), while resistance is at $153.21 (Fibonacci R1) and $155.77 (Fibonacci R2).
Conclusion:
Based on the analysis, MMM is expected to trade in a range-bound manner with a slight upward bias. The stock may face resistance at $153.21, making it a potential selling point for short-term traders.
Prediction: The stock price of MMM is expected to reach $152.00 by the end of the next trading week.
Recommendation: Sell at $152.00 as the stock approaches the resistance level.
MMM Similar Chart Price Prediction
The price of MMM is predicted to go up -10.18%, based on the high correlation periods with AON. The similarity of these two price pattern on the periods is 93.7%.
MMM
AON
Down: -10.18%Similarity: 93.7%
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%
