Saint Paul, Minnesota-based 3M Company ( MMM ) is a diversified technology company with a market capitalization of $81.4 billion. It develops a wide range of products that serve the industrial, security, consumer and electronic markets.

This industrial company has underperformed the broader market over the past 52 weeks. MMM shares are up marginally over that time period, while the broader S&P 500 ($SPX) is up 14.3%. Also, year-to-date, the stock is down 4.4%, compared to the SPX’s 1.4% rise.

Narrowing the focus, MMM has also underperformed State Street’s Select Industrial Sector ETF SPDR ( XLI ), which soared 19.5% over the past 52 weeks and 6.6% on a YTD basis.

On Jan. 20, MMM shares fell 7% after the release of fourth-quarter results, despite better-than-expected results. Both its revenue of $6.1 billion and adjusted EPS of $1.83 beat analysts’ estimates. However, investor sentiment was hit by rising geopolitical tensions between the US and Europe over Greenland, which contributed to a broader market pullback and pressured MMM shares.

For fiscal 2026, which ends in December, analysts expect MMM’s EPS to grow 6.3% year-over-year to $8.57. The company’s history of earnings surprises is promising. It beat consensus estimates in each of the past four quarters.

Among the 16 analysts covering the stock, the consensus rating is a “Moderate Buy,” based on eight “Strong Buy,” seven “Hold” and one “Strong Sell” ratings.

The setup is slightly less bullish than a month ago, with nine analysts suggesting a “Strong Buy” rating.

On January 21, RBC Capital analyst Deane Dray maintained an “Underperform” rating on MMM and raised his price target to $136.

The average price target of $179.33 represents a 17.6% premium from MMM’s current price levels, while the $200 Street price target suggests a potential upside of 31.2% from current levels.

As of the date of publication, Neharika Jain had no positions (either directly or indirectly) in any of the securities mentioned in this article. All information and data in this article is for informational purposes only. This article was originally published on Barchart.com