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AAON
Volume: 405

AAON (AAON) Stock Forecast & Price Target

AAON (AAON) Analyst Ratings

Based on 3 analyst ratings
Buy
Strong Buy 33%
Buy 67%
Hold 0%
Sell 0%
Strong Sell 0%

Bulls say

AAON is viewed favorably because its premium, semi-custom HVAC model combines differentiated engineering, rigorous in-house testing, and a rep-driven distribution structure that supports roughly a 5% to 10% price premium and durable share gains in a softer commercial market. Its BASX segment adds a powerful AI and data-center growth engine, with revenue rising from about $70M in 2021 to nearly $550M in 2025, a $1.43B backlog at the end of 2Q26, and capacity building at Memphis and Longview positioning it for materially larger output. Near-term working-capital and margin pressure from the 2025 ramp should ease as pricing actions, improved utilization, and better inventory discipline take hold, supporting stronger free cash flow and profitability into 2026 and 2027.

Bears say

AAON is facing a deteriorating fundamental backdrop because BASX depends on data center capital spending, so any slowdown in North America could weaken demand for thermal management products. Operationally, the pending ERP rollout at Tulsa and Redmond introduces execution risk that could disrupt production, revenue, and earnings, while sustained inflation in steel, copper, and aluminum may compress margins if pricing cannot keep pace. Customer concentration is also a clear weakness: at the end of 2025, three customers each accounted for 10% or more of revenue and accounts receivable, leaving the company vulnerable to a material hit if even one relationship is lost.

AAON (AAON) has been analyzed by 3 analysts, with a consensus rating of Buy. 33% of analysts recommend a Strong Buy, 67% recommend Buy, 0% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of AAON and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About AAON (AAON) Forecast

Analysts have given AAON (AAON) a Buy based on their latest research and market trends.

According to 3 analysts, AAON (AAON) has a Buy consensus rating as of Oct 9, 2026. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $123.33, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $123.33, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

AAON (AAON)

Volume: 405

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