3M Stock Advances on Raised Earnings Guidance
On October 5, 2026, 3M stock (MMM, ISIN US88579Y1010) was trading at USD 162.35 on the NYSE, up 0.28% with a market capitalization of USD 83.7 billion. The company entered October with higher fiscal 2026 adjusted earnings guidance following a strong second-quarter report.
According to 3M Investor Relations, adjusted Q2 2026 sales reached USD 6.5 billion, with adjusted earnings per share at USD 2.40. The quarter also saw a 24.9% adjusted operating margin and 5.4% adjusted organic sales growth. The fiscal 2026 adjusted EPS guidance was raised from USD 8.50-8.70 to USD 8.80-8.95, while adjusted operating cash flow guidance was set at USD 5.8-6.0 billion.
Analysts remain divided on 3M's outlook. MarketBeat reported that 15 analysts rated the stock, with seven Buy, seven Hold, and one Sell recommendations. The consensus price target of USD 181.36 is 11.7% above the current trading price. Wells Fargo initiated coverage with an Equal Weight rating and a USD 195 price target, suggesting a 20.1% upside potential.
The next key date for 3M is October 20, 2026, when the company is scheduled to release its quarterly earnings report. Investors will be watching closely to see if the company can maintain its raised outlook and strong operating margin. As of October 5, 2026, 3M stock was trading 12.2% below its 52-week high of USD 184.90.