3M stock draws analyst upgrades as Q2 sales rise

Published on 09/28/2026 at 16:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

3M stock was trading at USD 169.42 on September 28, 2026, while Wells Fargo set a USD 195.00 target. Q2 GAAP sales reached USD 6.5 billion.

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3M stock (ISIN US88579Y1010) was trading at USD 169.42 on the NYSE on September 28, 2026, down 0.08 percent from the prior close of USD 169.55. The latest analyst moves put the company's research and development transformation beside its improving second-quarter sales trend.

Analysts reset the valuation

According to Investing.com on September 25, 2026, Bernstein upgraded 3M from Underperform to Market Perform and raised its price target from USD 145.00 to USD 171.00. The firm cited structural improvements in research and development, including a portfolio approach to commercialization and tighter capital allocation.

MarketBeat reported on September 26, 2026, that Wells Fargo upgraded 3M to Hold and set a USD 195.00 price target. MarketBeat also listed a USD 181.21 consensus target, placing the average target 6.94 percent above the September 28 trading price.

Q2 sales grew 2.4 percent

In its Q2 2026 results, 3M Company reported GAAP sales of USD 6.5 billion, up 2.4 percent year over year. GAAP earnings per share reached USD 1.78, an increase of 33 percent, while operating margin was 15.1 percent, down 2.90 percentage points from the prior-year period.

The contrast matters for valuation. Sales and earnings improved, but the lower operating margin shows that revenue growth has not yet translated into broader GAAP profitability. 3M's adjusted sales also reached USD 6.5 billion, with organic growth of 5.4 percent in Q2 2026, according to the same company results page.

3M trades below its yearly high

At USD 169.42 on September 28, 2026, 3M stock stood 8.37 percent below its 52-week high of USD 184.90 and above its 52-week low of USD 139.34. Market capitalization was USD 87.4 billion, while session volume stood at 690,294 shares.