AAON, Inc. (NASDAQ:AAON) is one of the growth stocks that could double by 2027. On June 16, Sidoti upgraded AAON from Neutral to Buy, setting a revised price target of $95.00.
The move followed a sharp drop in AAON’s share price after its June 10 investor day, where the company lowered Q2 guidance and introduced three-year targets below market expectations. Despite the selloff, AAON maintains solid financial health, including a strong current ratio and manageable debt.
A man in long sleeves looking at stock market data. Photo by Tima Miroshnichenko on Pexels
Sidoti analyst Julio Romero sees the pullback as a buying opportunity, citing AAON’s long-term growth potential and exposure to high-demand sectors like data centers, HVAC, and electrification. With a five-year revenue CAGR of 21% and current growth at 8.24%, the firm believes the stock is well-positioned for recovery and expansion.
AAON, Inc. (NASDAQ:AAON) designs and manufactures HVAC systems across North America, serving industries from retail and education to data centers and pharmaceuticals. Operating through AAON Oklahoma, AAON Coil Products, and BASX, the company offers rooftop units, chillers, cleanroom systems, and geothermal heat pumps.
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Disclosure: None. This article is originally published at Insider Monkey.
