3M stock: Bernstein raises target for 3M stock to USD 197
Published on 10/23/2026 at 16:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and operating figures
- Bernstein retained Market Perform while raising its target on October 21, 2026.
- Third-quarter 2026 adjusted sales reached USD 6.60 billion.
- 3M stock costs EUR 153.18 at Lang & Schwarz on October 23, 2026, 1.71 percent below the Xetra close of October 22, 2026.
- The price-to-earnings ratio was 25.53 on October 23, 2026.
Bernstein analyst Varun Govindaraj raised the price target for 3M from USD 171.00 to USD 197.00 on October 21, 2026, while retaining a Market Perform rating, as Markets Insider reported. The new target lies 27.10 percent above the USD 155.00 NYSE price at 9:59 a.m. ET on October 23, 2026. At Lang & Schwarz, 3M stock was trading at EUR 153.18 on October 23, 2026 at 4:08 p.m. CEST, down 1.71 percent versus the Xetra close of October 22, 2026 at EUR 155.85.
Third-quarter figures set the backdrop
For the quarter ended September 30, 2026, 3M Company listed adjusted sales of USD 6.60 billion, adjusted earnings per share of USD 2.50 and adjusted free cash flow of USD 1.2 billion. These figures give the target increase a concrete operating reference beyond the analyst action.
Stock remains below its yearly high
On the NYSE, 3M was last at USD 155.00 at 9:59 a.m. ET on October 23, 2026. Its 52-week range was USD 120.56 to USD 161.70, leaving the stock 4.14 percent below the high and 28.56 percent above the low. Market capitalization stood at USD 79.9 billion on October 23, 2026.
What does the target imply?
The USD 197.00 target is 27.10 percent above the latest NYSE price, but the differing analyst stance matters. Bernstein kept Market Perform even as it lifted the target, while the current euro quotation sits below the prior Xetra session close. The price-to-earnings ratio was 25.53 and the dividend yield was 2.00 percent on October 23, 2026.
Price and valuation in view
For investors, the central contrast is the distance between the USD 197.00 target and the USD 155.00 NYSE price, alongside a 52-week high of USD 161.70. The euro quotation remains the clearest short-term market measure for German trading hours, while the operating figures cover the quarter ended September 30, 2026.
3M stock and the analyst target
Bernstein's target increase gives 3M stock a quantified valuation reference, while the third-quarter figures provide the latest operating scale. The stock's EUR 153.18 quote was 1.71 percent below the Xetra close of EUR 155.85 dated October 22, 2026.
The further course of trading is shown by the continuously updated real-time quote of 3M stock.
3M stock at a glance
- Company: 3M Company
- ISIN: US88579Y1010
- Ticker: MMM
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 23, 2026, 4:08 p.m. CEST): EUR 153.18
- Change versus Xetra close: minus 1.71 percent
- Xetra close (October 22, 2026): EUR 155.85
- Market capitalization: USD 79.9 billion (as of October 23, 2026)
- 52-week range: USD 120.56-161.70 (as of October 23, 2026)
- Price-to-earnings ratio: 25.53 (as of October 23, 2026)
- Dividend yield: 2.00 percent (as of October 23, 2026)
Market context: Market report S&P 500.
