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 Name5 Days1 Month6 Months1 Year
MMM3.8%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

marketeyes on Twitter: “Call | Put %’s$LMT: C:54% | P:46%(+3%)$LULU: C:52%(+4%) | P:48%$MARA: C:69%(+24%🚀) | P:31%$MDB: C:45%| P:55%$META: C:55%(+1%) | P:45%$MMM: C:53% | P:47%(+6%🔥)$MO: C:53% | P:47%(+10%🔥)$MOS: C:55%(+6%🚀) | P:45%$MRK: C:39% | P:61%(+15%🔥) / Twitter”

Call | Put %’s$LMT: C:54% | P:46%(+3%)$LULU: C:52%(+4%) | P:48%$MARA: C:69%(+24%🚀) | P:31%$MDB: C:45%| P:55%$META: C:55%(+1%) | P:45%$MMM: C:53% | P:47%(+6%🔥)$MO: C:53% | P:47%(+10%🔥)$MOS: C:55%(+6%🚀) | P:45%$MRK: C:39% | P:61%(+15%🔥)

MMM Stock Forecast: Today’s Outlook

IndicatorTrend
Overall OutlookPositive
Market Data
Market CapHigher
TechnicalBuy
Trading VolumeHigher
Crowd’s Wisdom
Google Search VolumeLower
Social Media SentimentPositive

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

MMM Stock Forecast: Price Target

SourceHighLow
WSJ$181$118
CNN$181$118
Nasdaq$160$120

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 Days24 HoursTrends
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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