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AAON
Volume: 872.18K

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 positioned as a differentiated premium HVAC platform with a defensible moat built on semi-custom engineering, rigorous in-house testing, and an independent rep channel that supports pricing power and share gains in legacy AAON Oklahoma, which still represents 40%+ of 2026E sales and gross profit dollars. Its BASX franchise is the key growth engine, with revenue rising from about $70M in 2021 to nearly $550M in 2025 and an estimated $1.2B+ in 2026, supported by a $1.43B backlog at the end of 2Q26 and major hyperscaler demand tied to AI data center expansion. While Memphis ramp costs and working-capital drag pressured margins, 2Q26 showed improving throughput, 500 bps Q/Q BASX margin expansion excluding overhead, and management’s pricing and discipline initiatives should drive stronger free cash flow and margin recovery.

Bears say

AAON is facing a negative fundamental setup because BASX depends on North American data center capital spending, so any slowdown in that market could materially weaken demand for thermal management solutions. The company also has execution risk from ERP implementations still on the horizon at its Tulsa and Redmond manufacturing facilities, and any disruptions could impair production schedules, revenue, and earnings performance. In addition, sustained inflation in steel, copper, and aluminum could compress margins if pricing cannot keep pace, while at the end of 2025 three customers each accounted for 10% or more of revenue and accounts receivable, creating meaningful concentration risk.

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 25, 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 $120, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $120, 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: 872.18K

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