3M stock gains as analysts lift targets after July results

Published on 09/12/2026 at 14:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

3M stock drew a $177.21 consensus target on September 12, 2026, after July 21 EPS of $2.40 beat estimates by $0.15. Revenue reached USD 6.50 billion and FY 2026 guidance was raised.

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3M stock (ISIN US88579Y1010) closed at USD 162.86 on the NYSE on September 10, 2026, while analysts tracked by MarketBeat put the consensus target at USD 177.21 on September 12, 2026. The same MarketBeat report says 3M's July 21, 2026 quarter delivered EPS of USD 2.40, revenue of USD 6.50 billion and FY 2026 guidance of USD 8.800 to USD 8.950 EPS.

July numbers still matter

According to MarketBeat, 3M reported EPS of USD 2.40 for the quarter on July 21, 2026, above the consensus estimate of USD 2.25 by USD 0.15. Revenue came in at USD 6.50 billion versus USD 6.40 billion expected, and the company's net margin was 11.90 percent.

The same report says revenue rose 2.5 percent year over year, from EPS of USD 2.16 in the prior-year quarter. For investors, that comparison matters more than the day-to-day move because it shows the stock's latest rerating rests on operating progress, not only on sentiment.

Targets pulled higher

As Stocktwits reported on July 23, 2026, Goldman Sachs lifted its target on 3M to USD 202 from USD 190 and UBS raised its target to USD 218 from USD 190. The same report also says RBC moved to USD 132 from USD 123, Bernstein to USD 145 from USD 140 and Citi to USD 183 from USD 166.

MarketBeat's September 12, 2026 compilation still shows a consensus rating of Hold and a consensus price target of USD 177.21, which leaves the stock below the average view but above the July quarter close of USD 162.86. The gap is 8.8 percent against that latest closing level.

Stock near the high band

3M opened at USD 164.83 on September 12, 2026, with a 52-week range of USD 139.34 to USD 184.90 and a market capitalization of USD 85.00 billion. The stock is trading in the upper half of that range, with the close from September 10 still sitting 11.9 percent below the 52-week high.