MMM Stock Forecast: Surpassed earnings, Spin-offs expected

MMM Stock Forecast: Surpassed earnings, Spin-offs expected

MMM Stock Forecast: The stock is expected to trade between $134.5 and $143.2. The overall recommendation is Hold.

July 27th

MMM Stock Forecast: Latest Price

Stock Name 5 Days 1 Month 6 Months 1 Year
MMM 3.8% 4.3% -18.5% -30.8%

MMM Stock Forecast: Latest News

  • MMM has announced a spin-off of its health business in a tax-free transaction that will be completed by 2023. This business will focus on wound care, oral care, and healthcare technology. In 2021, this same business brought in $8.6 Billion in sales. Moreover, in late 2021, it announced a food safety business spinoff by merging with Neogen – This will be confirmed in 2022.
  • To resolve claims, MMM plans to set aside $1 Billion for its earplugs used by military service members.

MMM Stock Forecast: Latest Tweet

MMM Stock Forecast: Today’s Outlook

Indicator Trend
Overall Outlook Positive
Market Data 
Market Cap Higher
Technical Buy
Trading Volume Higher
Crowd’s Wisdom 
Google Search Volume Lower
Social Media Sentiment Positive

MMM Stock Forecast: Last quarter earnings summary

  • For the results of the second quarter of 2022, MMM announced per-share earnings of $2.5. Even though this was higher than the Zacks estimates of $2.4, it represented a year-over-year decline.
  • 3M’s net sales were $8.7 Billion – higher than the estimate of $8.5 billion! This showed a year-over-year decline of 2.8%.
  • Apart from this, two spinoffs were announced: wound care, oral care and healthcare technology which will be completed in 2023 and the food safety business with Neogen which will be finalized in 2022.

MMM Stock Forecast: Latest Video

YouTube video

NEM Stock Forecast: Price Target

MMM Stock Forecast: Google Trends

The search volume for MMM stock is lower compared to yesterday.

MMM Stock Forecast: Technicals

MMM Stock Forecast: Social Media sentiments

7 Days 24 Hours Trends
Net Sentiments +12% +15.2% Higher

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MMM Stock Forecast

Nandini Panchal

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

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