Key Highlights

● 3M closed at $159.91 on 9 October 2026, down 2.25%.

● Market data consensus target is $181.71 from 15 analysts.

● The second data set shows a mean of $186.15 and a median of $190.

● JPMorgan cut its target from $205 to $185.

On Friday 9 October 2026, 3M (NYSE:MMM), a member of the S&P 500, closed at $159.91, down 2.25% on the day. The consensus target sits moderately above the share price. Recent broker revisions have mostly been upward.

What Is the Latest Analyst Price Target?

Market data shows a consensus 12-month target of $181.71 from 15 analysts, with a range of $132 to $218. The second data set shows a higher mean of $186.15 and a median of $190 from 19 analysts, with a range of $120 to $218.

Against the $159.91 close, the $181.71 consensus target suggests potential upside of about 13.6%.

What Are Wall Street Analysts Saying?

Market data shows a Hold consensus: seven Buy, seven Hold and one Sell. The second data set shows nine Buy or Strong Buy, eight Hold and two Sell.

On 9 October 2026 JPMorgan (Chigusa Katoku) cut its target from $205 to $185, keeping Overweight. Deutsche Bank raised its Hold target from $192 to $194 on 30 September. Bernstein upgraded from Underperform to Market Perform on 25 September, lifting its target from $145 to $171, and Wells Fargo initiated at Equal Weight with $195 on 24 September. After July results, UBS raised its target to $218, Citigroup to $183, Mizuho to $180 and RBC (Underperform) to $132.

What Could Help the Stock Reach the Price Target?

Several brokers lifted targets after the July quarter, and market data reports five upgrades in the past 90 days, which points to improving sentiment on operational progress. The Bernstein upgrade is an example of a sceptical analyst becoming less negative.

The recent share price fall of 2.25% has widened the gap to the consensus. If the company delivers on cost and margin plans, analysts' estimates could rise.

What Could Prevent the Stock Reaching the Target?

The latest named move from JPMorgan was a $20 cut, showing that optimism is not universal. RBC's $132 target and the second data set's $120 low sit far below the price.

Industrial demand, litigation costs and the success of the company's restructuring are common concerns. With seven of 15 analysts at Hold and one at Sell on market data, the case for a re-rating is not unanimous, and a weaker economy could pressure earnings.

What Should Investors Watch Next?

Investors may wish to follow further target revisions after JPMorgan's cut, whether upgrades continue, and how the shares react after a fall. The $132 to $218 range at market data versus $120 to $218 at the second data set highlights wide disagreement.

The Analyst Case for 3M, in Numbers

3M closed at $159.91 on 9 October 2026, down 2.25% on the day, against a market data consensus target of $181.71. On 9 October 2026 JPMorgan (Chigusa Katoku) cut its target from $205 to $185, keeping Overweight.