Street View: 3M gets Amazon handshake and taste of AI trade

By Reuters News

** Industrial conglomerate 3M MMM.N lifted its 2026 profit forecast on Tuesday, a day after its expanded data-center partnership with Amazon AMZN.O signaled a growing focus on AI-linked offerings.

** 21 analysts rate the stock "buy" on average; median PT $190- data compiled by LSEG

HITCHING A RIDE ON AI TRAIN

** J.P. Morgan ("overweight," PT: $191) says 3M expanded its commercial relationship with Amazon on some data center-related components, but investors do not view co as "in the AI camp" because of the announcement, "and nor should it be"

** Morgan Stanley ("equal weight," PT: $189) expects the Expanded Beam Optical manufacturing announcement and Amazon partnership to be received positively, but sees the quarter drawing a weaker investor response despite strong margins

** RBC Capital Markets ("underperform," PT: $135) says the Amazon agreement could significantly expand 3M's data center revenue opportunity, as the deal points to spending that could exceed the company's current data center revenue across all customers

** Morningstar (Fair Value: $125) says new initiatives, including 3M's expanded relationship with Amazon.com, strengthen its competitive moat and provide commercial validation for its optical connectivity technology

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk