3M stock gains analyst support as restructuring accelerates

Published on 09/21/2026 at 13:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

3M stock is drawing renewed analyst interest, with multiple houses raising price targets and ratings as of September 20, 2026. Recent quarterly figures show revenue and earnings growth that investors are watching closely.

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3M Company stock (ISIN US88579Y1010) is benefiting from a wave of analyst upgrades and higher price targets, with several banks and research houses signaling improved confidence in the industrial group’s restructuring progress as of September 20, 2026. According to a recent overview, the consensus price target of USD 187.81 implies about 15.5 percent upside from current levels for 3M stock.

Analysts raise price targets on 3M

Wall Street has turned more constructive on 3M in recent days, with multiple analyst houses lifting their targets and, in some cases, their ratings. As Yahoo Finance reported on September 20, 2026, Mizuho maintained a Neutral stance on 3M but raised its price target from USD 160 to USD 180, signaling greater confidence without moving to a bullish rating.

In the same overview, Yahoo Finance noted that Bernstein SocGen Group lifted its target price on 3M from USD 140 to USD 145 while keeping an Underperform rating, highlighting ongoing skepticism in parts of the market despite the higher target.

More bullishly, UBS analyst Amit Mehrotra raised the price target on 3M from USD 190 to USD 218 and reiterated a Buy rating, pointing to improving operational performance and more favorable market conditions, according to Yahoo Finance.

Consensus outlook and recent earnings context

The same analyst roundup shows that 3M now carries an overall Moderate Buy consensus rating, with eight analysts assigning Strong Buy, six rating the shares Hold and two at Strong Sell, according to Yahoo Finance. The consensus target of USD 187.81, paired with a Street-high target of USD 218, frames expectations for further upside if 3M delivers on its restructuring and growth plans.

Operationally, 3M’s latest quarterly reporting period has been characterized by steady revenue growth and improving profitability. Ahead of the company’s Q2 2026 earnings release, analysts were expecting earnings per share between USD 2.25 and USD 2.27 and revenue in the range of USD 6.38 billion to USD 6.41 billion, according to projections summarized by TradingKey for the quarter ended June 30, 2026.

The same preview highlighted that the Zacks consensus for Q2 2026 revenue stood at USD 6.38 billion, representing a 3.6 percent increase from Q2 2025 revenue of USD 6.16 billion, while the earnings consensus of around USD 2.27 per share would mark roughly a 5 percent year-over-year rise from USD 2.16, as detailed by TradingKey. For investors, that combination of mid-single-digit revenue growth and a somewhat stronger earnings increase underpins the case for margin improvement.

Alongside these forecasts, JPMorgan has taken a more positive stance. According to TradingKey, JPMorgan’s Chigusa Katoku upgraded 3M from Neutral to Overweight on July 18, 2026 and nudged the bank’s price target from USD 178 to USD 180, citing accelerating restructuring efforts as a key driver.

Stock level and trading range

While the latest intraday quote for 3M stock on the New York Stock Exchange is not contained in the available week-filtered sources, recent price history offers a sense of where the shares are trading relative to earlier levels. According to data for the last completed sessions compiled by Investing.com, 3M stock closed at USD 165.89 on September 18, 2026, after moving within a range from USD 163.23 to USD 166.05 during that session.

The same price history shows that 3M had closed at USD 164.71 on September 17, 2026, implying a daily gain of about 0.72 percent on September 18, 2026 when the stock rose from that prior level to USD 165.89, according to Investing.com. The shares also traded near USD 170 earlier in the month, with a close of USD 170.24 on September 1, 2026, underscoring that the current level sits modestly below early-September prices.

For chart-focused investors, this path suggests that while 3M stock has eased off from the roughly USD 170 mark at the start of the month to around USD 165.89 by September 18, 2026, it remains well supported in the mid-160s as analyst optimism builds. If the company’s restructuring continues to translate into rising margins and the consensus target of USD 187.81 proves realistic, that would point to meaningful upside versus the latest closing level.

3M stock closing level and investor takeaway

As of the last completed New York Stock Exchange session on September 18, 2026, 3M stock closed at USD 165.89 in US dollars, leaving the shares a few dollars below their early-September level around USD 170 but still in the upper half of their recent trading range based on Investing.com data. For investors, the key question is whether the combination of mid-single-digit revenue growth, mid-single-digit earnings expansion and increasingly supportive analyst targets will be enough to carry the stock closer to the consensus price of about USD 187.81 over the coming quarters.