Oppenheimer raised the firm's price target on Aaon to $145 from $118 and keeps an Outperform rating on the shares. The firm notes shares traded up after Aaon soundly beat Q1 top/bottom line consensus and raised FY26 guidance, with revised sales/gross profit midpoints well above Street estimates. Oppenheimer raised FY26-27 estimates to reflect stronger growth trajectory, and anticipates sequential progress over our investment horizon on clearly identified levers for margin expansion.
