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AAON Stock Forecast 2026-2027
$83.90
Current Price
$6.85B
Market Cap
Buy 5
Hold 0
Sell 0
Wall St Analyst Ratings
Distance to AAON Price Targets
+50.2%
To High Target of $126.00
+46.0%
To Median Target of $122.50
+43.0%
To Low Target of $120.00
AAON Price Momentum
-5.0%
1 Week Change
-17.0%
1 Month Change
+2.1%
1 Year Change
+10.0%
Year-to-Date Change
-27.7%
From 52W High of $116.04
+35.3%
From 52W Low of $62.00
📊 TOP ANALYST CALLS
Did AAON Make This Month's Elite Buy List?
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Latest AAON Stock Price Targets & Analyst Predictions
Based on our analysis of 7 Wall Street analysts, AAON has a bullish consensus with a median price target of $122.50 (ranging from $120.00 to $126.00). The overall analyst rating is Strong Buy (9.6/10). Currently trading at $83.90, the median forecast implies a 46.0% upside. This outlook is supported by 5 Buy, 0 Hold, and 0 Sell ratings.
Conversely, the most conservative target is provided by Brent Thielman at DA Davidson, suggesting a 43.0% upside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
AAON Analyst Ratings
5
Buy
0
Hold
0
Sell
AAON Price Target Range
Low
$120.00
Average
$122.50
High
$126.00
Current: $83.90
Latest AAON Stock Forecasts by Analyst
These are the latest 20 analyst ratings and price targets for AAON.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Mar 3, 2026 | Oppenheimer | Noah Kaye | Outperform | Maintains | $118.00 |
| Feb 3, 2026 | DA Davidson | Brent Thielman | Buy | Maintains | $120.00 |
| Oct 14, 2025 | Oppenheimer | Noah Kaye | Outperform | Maintains | $112.00 |
| Sep 30, 2025 | Oppenheimer | Noah Kaye | Outperform | Assumes | $105.00 |
| Aug 12, 2025 | Baird | Timothy Wojs | Buy | Maintains | $98.00 |
| Aug 12, 2025 | DA Davidson | Brent Thielman | Buy | Maintains | $105.00 |
| Jun 16, 2025 | Sidoti & Co. | Julio Romero | Buy | Upgrade | $95.00 |
| Jun 11, 2025 | Baird | Outperform | Maintains | $N/A | |
| May 2, 2025 | Baird | Outperform | Maintains | $N/A | |
| Feb 28, 2025 | CJS Securities | Christopher Moore | Market Outperform | Upgrade | $110.00 |
| Feb 28, 2025 | DA Davidson | Brent Thielman | Buy | Maintains | $125.00 |
| Feb 28, 2025 | Baird | Timothy Wojs | Outperform | Maintains | $116.00 |
| Nov 8, 2024 | Baird | Timothy Wojs | Outperform | Maintains | $138.00 |
| Nov 8, 2024 | DA Davidson | Brent Thielman | Buy | Maintains | $150.00 |
| Oct 28, 2024 | Baird | Timothy Wojs | Outperform | Upgrade | $130.00 |
| Oct 22, 2024 | Sidoti & Co. | Julio Romero | Neutral | Downgrade | $111.00 |
| Aug 2, 2024 | Baird | Timothy Wojs | Neutral | Maintains | $102.00 |
| Jul 24, 2024 | Baird | Timothy Wojs | Neutral | Initiates | $100.00 |
| Jun 26, 2024 | DA Davidson | Brent Thielman | Buy | Maintains | $102.00 |
| May 1, 2024 | DA Davidson | Buy | Maintains | $N/A |
Aaon Inc. (AAON) Competitors
The following stocks are similar to AAON based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Aaon Inc. (AAON) Financial Data
Aaon Inc. has a market capitalization of $6.85B with a P/E ratio of 64.9x. The company generates $1.44B in trailing twelve-month revenue with a 7.5% profit margin.
Revenue growth is +16.8% quarter-over-quarter, while maintaining an operating margin of +4.0% and return on equity of +12.5%.
Valuation Metrics
Market Cap
$6.85B
Enterprise Value
$7.13B
P/E Ratio
64.9x
PEG Ratio
28.3x
Price/Sales
4.7x
Growth & Margins
Revenue Growth (YoY)
+16.8%
Gross Margin
+25.9%
Operating Margin
+4.0%
Net Margin
+7.5%
EPS Growth
-67.3%
Financial Health
Cash/Price Ratio
+0.0%
Current Ratio
2.6x
Debt/Equity
8.6x
ROE
+12.5%
ROA
+6.5%
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Aaon Inc. (AAON) Business Model
About Aaon Inc.
What They Do
Manufactures HVAC equipment for commercial and industrial use.
Business Model
The company designs and produces a range of HVAC products such as rooftop units, split systems, and air handling units, focusing on energy efficiency and customization. It generates revenue through direct sales, independent representative offices, and aftermarket parts support, addressing diverse market needs and enhancing indoor air quality.
Additional Information
Founded in 1988 and headquartered in Tulsa, Oklahoma, Aaon Inc. operates multiple manufacturing facilities across the U.S. and utilizes advanced testing laboratories to ensure product reliability in various environmental conditions. The company's commitment to innovation and sustainability positions it as a leader in the HVAC sector.
Company Information
Sector
Industrials
Industry
Building Products & Equipment
Employees
4,812
CEO
Dr. Matthew J. Tobolski Ph.D., SE
Country
United States
IPO Year
1992
Website
www.aaon.comAaon Inc. (AAON) Latest News & Analysis
Latest News
AAON Announces Quarterly Cash Dividend
10 days ago
Quick Summary
AAON, Inc. (NASDAQ: AAON) has declared a quarterly cash dividend of $0.10 per share, payable on March 30, 2026, to shareholders on record by March 18, 2026.
Why It Matters
AAON's declaration of a quarterly cash dividend signals financial stability and a commitment to returning value to shareholders, which can enhance investor confidence and stock demand.
Source: PRNewsWire
Market Sentiment:
Neutral
Quick Summary
AAON, Inc. reported its Q4 2025 earnings, details of which can be found in their earnings call transcript. Key financial metrics and performance insights are available for investors.
Why It Matters
AAON's Q4 2025 earnings call provides insights into financial performance, growth potential, and strategic direction, influencing stock valuation and investment decisions.
Source: Seeking Alpha
Market Sentiment:
Neutral
Quick Summary
AAON reported 2025 net sales of $1.44 billion (+20.1% YoY) with a record backlog of $1.83 billion (+110.9%). 2026 forecasts revenue growth of 18-20% and gross margins of 29-31%.
Why It Matters
Record backlog of $1.83 billion signals strong future revenue potential. Despite lower margins and EPS, the company projects solid growth and improved profitability for 2026, indicating long-term strength.
Source: PRNewsWire
Market Sentiment:
Neutral
Aaon (AAON) Misses Q4 Earnings Estimates
13 days ago
Quick Summary
Aaon (AAON) reported Q3 earnings of $0.39 per share, below the Zacks estimate of $0.45. This is an increase from $0.30 per share in the same quarter last year.
Why It Matters
Aaon's earnings miss indicates potential operational challenges, which may signal weaker demand or rising costs, affecting investor confidence and stock performance.
Source: Zacks Investment Research
Market Sentiment:
Negative
AAON Passes DOE's Commercial Building HVAC Technology Challenge with Simultaneous Dual Fuel Technology
12 days ago
Quick Summary
AAON, Inc. (NASDAQ: AAON) announced its Alpha Class EXTREME SERIES rooftop unit passed lab evaluations for the U.S. Department of Energy's HVAC Technology Challenge, showcasing dual fuel capability.
Why It Matters
AAON's successful evaluation of its energy-efficient HVAC unit by the DOE enhances its market position, potentially leading to increased sales and investor confidence in future growth.
Source: PRNewsWire
Market Sentiment:
Neutral
AAON: Growth Remains Good, But Not Good Enough
12 days ago
Quick Summary
AAON, Inc. showed strong Q4 growth, with benefits from the AI CapEx cycle. However, gross margin concerns and facility underutilization may persist. Valuation suggests a potential downside of 20% to $85.6.
Why It Matters
AAON's strong Q4 growth indicates robust demand, but persistent gross margin headwinds and facility underutilization raise concerns, suggesting a potential 20% decline in valuation.
Source: Seeking Alpha
Market Sentiment:
Negative
Frequently Asked Questions About AAON Stock
What is Aaon Inc.'s (AAON) stock forecast for 2026?
Based on our analysis of 7 Wall Street analysts, Aaon Inc. (AAON) has a median price target of $122.50. The highest price target is $126.00 and the lowest is $120.00.
Is AAON stock a good investment in 2026?
According to current analyst ratings, AAON has 5 Buy ratings, 0 Hold ratings, and 0 Sell ratings. The stock is currently trading at $83.90. Always conduct your own research and consider your investment goals before making investment decisions.
What is the long-term price prediction for AAON stock?
Wall Street analysts predict AAON stock could reach $122.50 in the next 12 months. This represents a 46.0% increase from the current price of $83.90. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is Aaon Inc.'s business model?
The company designs and produces a range of HVAC products such as rooftop units, split systems, and air handling units, focusing on energy efficiency and customization. It generates revenue through direct sales, independent representative offices, and aftermarket parts support, addressing diverse market needs and enhancing indoor air quality.
What is the highest forecasted price for AAON Aaon Inc.?
The highest price target for AAON is $126.00 from at , which represents a 50.2% increase from the current price of $83.90.
What is the lowest forecasted price for AAON Aaon Inc.?
The lowest price target for AAON is $120.00 from Brent Thielman at DA Davidson, which represents a 43.0% increase from the current price of $83.90.
What is the overall AAON consensus from analysts for Aaon Inc.?
The overall analyst consensus for AAON is bullish. Out of 7 Wall Street analysts, 5 rate it as Buy, 0 as Hold, and 0 as Sell, with a median price target of $122.50.
How accurate are AAON stock price projections?
Stock price projections, including those for Aaon Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
Important Disclaimer
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.
Last updated: March 15, 2026 5:58 PM UTC