This article by Simply Wall St is general in nature. Alternatively, email editorial-team (at). Have feedback on this article? Concerned about the content? Get in touch with us directly. If you are no longer interested in 3M, you can use our free platform to see our list of over 50 other stocks with a high growth potential. This means that if you believe the current share price should move towards its intrinsic value over time, a low beta could suggest it is not likely to reach that level anytime soon, and once it’s there, it may be hard to fall back down into an attractive buying range again. Another thing to keep in mind is that 3M’s share price may be quite stable relative to the rest of the market, as indicated by its low beta. According to my valuation, the intrinsic value for the stock is $134.53, but it is currently trading at US$104 on the share market, meaning that there is still an opportunity to buy now. Good news, investors! 3M is still a bargain right now. View our latest analysis for 3M What's The Opportunity In 3M? However, could the stock still be trading at a relatively cheap price? Today I will analyse the most recent data on 3M’s outlook and valuation to see if the opportunity still exists. With many analysts covering the large-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price. The company's stock saw a double-digit share price rise of over 10% in the past couple of months on the NYSE. When investing, your capital is at risk.Today we're going to take a look at the well-established 3M Company ( NYSE:MMM). The current analyst upgrade could serve as a boon for the shares, as investors who were ambivalent about the stock, could look for an entry position here and push the price action higher.īuy stocks now with Interactive Brokers – the most advanced investment platformĭisclaimer : The content on this site should not be considered investment advice. With the recent speculations that PayPal (NASDAQ: PYPL) may be pursuing the acquisition of Pinterest, as well as the strong revenue growth seen during their latest earnings, it seems that the momentum is turning positive for PINS. Wall Street analysts’ price targets for PINS. Notably, out of 21 Wall Street analysts, eight have a ‘buy’ rating, and thirteen have a ‘hold’ rating. See more stocks here.Īnalysts rate the stock a ‘moderate buy,’ with the average price in the next 12 months reaching $26.32, 6.86% higher than the current trading price of $24.63. Technical analysis shows a support zone from $23.48 to $23.61 and a resistance line at $26.68. Over the past month, shares have traded from $22.13 to $25.91, bouncing between the 200-day and 50-day moving averages. The short-term trend is positive, while the long-term trend is neutral, as PINS outperformed 80% of 80 stocks in the Interactive Media & Services industry. At market open, shares surged another 1% to a total of 6% gain at the time of writing on October 6. “Our recent work has given us increased confidence in Pinterest’s ability to grow monetization and capture a greater share of ad budgets as management executes against its shopping/commerce opportunity and, over the long-term, we see Pinterest as positively levered to a number of long-term secular growth themes (engagement & ad spend shifting online, social commerce, creator economy, etc.).”Īt the time of writing, in premarket, the shares popped 5% on the positive news as investors rushed into the stock. Sheridan raised the rating from ‘neutral’ to ‘buy’ and increased the target price from $24 to $31, pointing to rising engagement trends and potential for revenue increase in 20.
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