{
  "id": 15895826,
  "title": "RBC raises 3M stock price target on Amazon datacenter deal progress",
  "url": "https://urgent.news/2026/10/21/rbc-raises-3m-stock-price-target-on-amazon-datacenter-deal-progress",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-21T13:42:58.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/rbc-raises-3m-stock-price-target-on-amazon-datacenter-deal-progress-93CH-4963317"
  },
  "original_language": "en",
  "account": "RBC Capital has increased its price target for 3M Co. (NYSE:MMM) to $135 from $132, keeping an Underperform rating. The target is still below the current stock price of $169.05 and the analyst consensus high target of $218. The upgrade comes after a strong third-quarter 2026 operating beat driven by growth in the Safety & Industrial segment. 3M also announced a deal with Amazon granting a warrant for 3.2 million shares, which will vest upon $6 billion in cumulative datacenter purchases over seven years. The company's existing datacenter revenue from all customers stands at around $700 million. RBC Capital also mentioned a partnership with GSEO, involving a 4.7% equity stake, to boost production of its EBO product line, which currently generates approximately $45 million in revenue. However, potential multi-billion-dollar PFAS liabilities remain unresolved. While 3M reported adjusted earnings of $2.50 per share for Q3 2026, surpassing Wall Street's estimate of $2.39, revenue for the quarter was $6.6 billion, slightly below the forecasted $6.61 billion. Despite the minor shortfall, the company's organic sales grew by 3.3%, and its operating margin expanded to 26.2%. Other analysts, such as JPMorgan and Jefferies, have also provided their opinions on the stock, with JPMorgan raising its target to $191 and maintaining an Overweight rating, while Jefferies lowered its target to $186 and kept a Hold rating.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "RBC Capital cuts Intuitive Surgical stock price target on U.S. volume concerns",
        "url": "https://urgent.news/2026/10/21/rbc-capital-cuts-intuitive-surgical-stock-price-target-on-u-s-volume",
        "published": "2026-10-21T13:42:54.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}