AAON Upgraded; Analyst Forecasts 80.62% Stock Price Upside

AAON receives an upgrade from CJS Securities, raising market outlook from Market Perform to Market Outperform. With an average one-year price target suggesting an 80.62% upside, investors may find AAON appealing despite a projected 1.14% decrease in revenue.

Date: 01-03-2025

AI Rating: 7

Analyst Upgrade and Price Target
AAON has been upgraded by CJS Securities, which positively impacts investor sentiment. The average one-year price target is now set at $138.72, showing an 80.62% upside from the latest closing price of $76.80.
Projected Revenue and EPS
The projected annual revenue for AAON is $1,187 million, reflecting a decrease of 1.14%. This projected decline in revenue could concern some investors. However, the company’s projected non-GAAP EPS is reported at 3.78, suggesting some profitability potential.
Investor Sentiment
The decrease in institutional ownership by 1.94% may indicate waning confidence among some investors, but the increase in average portfolio weight of funds dedicated to AAON by 2.99% could reflect a growing interest in the company. The put/call ratio of 0.28 indicates a bullish sentiment among option traders.
Institutional Holding Movements
Notably, firms like J.P. Morgan and Kayne Anderson Rudnick have decreased their holdings significantly - 9.26% and 45.82%, respectively. In contrast, some asset managers have increased their allocations, such as Vanguard and Invesco, showcasing a mixed sentiment among institutions. Overall, while there are some red flags, particularly with projected revenue, the bullish signals and analyst upgrade may outweigh these concerns for many investors.

Stocks: AAON