Oppenheimer lifts AAON's PT, expects margin recovery on order rebound

AAON

08/05/2026 12:02

** Oppenheimer hikes price target on air conditioning and heating equipment maker AAON AAON.O to $145 from $118, reiterates rating at "outperform"

** New PT shows an upside of 12.2% from the stock's last close

** Brokerage says order growth in first quarter signals a rebound in core customers, with near-term margin pressure from volume shortfall and outsourcing expected to ease as pricing flows through later in the year

** Oppenheimer lifts AAON's FY26–27 estimates on a stronger growth outlook and expects steady margin expansion over time

** Co on Thursday beat first-quarter Wall Street sales estimates and lifted 2026 sales growth forecast

** All six brokerages covering the stock rates "buy" or higher; their median PT is $120- data compiled by LSEG

** As of last close, stock had risen nearly 70% YTD

 (Reporting by Apratim Sarkar in Bengaluru)

 ((Apratim.Sarkar@thomsonreuters.com))