In his look on CNBC’s Squawk on the Street on Tuesday, Jim Cramer briefly mentioned industrial conglomerate 3M Company (NYSE:MMM). Cramer mentioned the firm’s turnaround efforts, which were demonstrated through its second quarter earnings release on Tuesday morning. The outcomes saw 3M Company (NYSE:MMM) post $6.50 billion in income and $2.40 in profit-per-share to beat analyst estimates of $6.41 billion and $2.25. Crucially, the firm also raised its full-year profit-per-share forecast to $8.80 and $8.95 from the earlier forecast of $8.50 to $8.70. During the quarter, 3M Company (NYSE:MMM)’s information middle phase also benefited from AI-led tailwinds and posted 6% income growth to offset weak point in other sectors. Cramer’s remarks were concise yet praiseful, notably when we see the share price efficiency since the earnings report:
“Look at 3M, I mean that’s the easy money. Because Bill Brown has been turning that company around, turning it around. And then there was the inflection.”
Since the earnings release on Monday morning, 3M Company (NYSE:MMM)’s shares are up by 6.6%. During this period, several analysts have also mentioned the firm. After the earnings report, several analysts mentioned the firm. These included Goldman Sachs and RBC Capital. Goldman raised 3M Company (NYSE:MMM)’s share price goal to $202 from $190 and saved a buy score on the shares. As half of its protection, the bank mentioned the firm’s second quarter working income. 3M Company (NYSE:MMM) had posted $1 billion in working income, and Goldman remarked that this determine had crushed expectations due to a 5.4% natural growth. UBS raised the price goal to $218 from $190 and saved a Buy score on the shares. Like Cramer, it hinted at an inflection for 3M Company (NYSE:MMM) and remarked that the firm appeared to be getting into a growth part.
Shifting towards hedge funds, sentiment in 3M Company (NYSE:MMM) has been comparatively static. According to Insider Monkey’s information, 62 out of 1,041 hedge funds held the stock in This autumn 2025. In Q1 2026, 63 out of 1,022 funds held 3M Company (NYSE:MMM)’s stock. In Q1, D. E. Shaw held the largest stake, which was price $768 million, while several others, such as Two Sigma Advisors and Marshall Wace LLP considerably grew their stakes.
While we acknowledge the potential of MMM to grow, our conviction lies in the perception that some AI shares maintain higher promise for delivering increased returns and have restricted draw back risk. If you are wanting for an AI stock that is more promising than MMM and that has 100x upside potential, verify out our report about the least expensive AI stock.
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