Should I Buy AON? AON 2026 Analysis

Should You Buy Aon PLC (AON) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Hold

Latest Price

342.950

1 Day change

2.99%

52 Week Range

412.970

Analysis Updated At

2026/01/28

Not a good buy right now for a beginner long-term investor who wants to enter immediately. The stock is in a clear short-term downtrend (bearish moving averages and worsening MACD), hedge funds have been accelerating selling, and earnings are imminent (2026-01-30 pre-market), which can move the stock sharply. While the business fundamentals look solid and options positioning is bullish, the current tape and flows argue for holding off rather than buying today.

Technical Analysis

**Trend/price action (pre-market ~$329, -0.53%)**: Near-term trend is bearish. - **Moving averages**: Bearish alignment (SMA_200 > SMA_20 > SMA_5) confirms a downtrend. - **MACD**: Histogram **-1.575** and negatively expanding → downside momentum is still building. - **RSI (6)**: **24.34** → deeply oversold/washed out (often precedes bounces), but oversold alone is not a buy signal in a strong downtrend. - **Key levels**: Immediate support **S1 ~329.25** (price is sitting on it). If that breaks, next support **S2 ~323.40**. Overhead resistance/pivot **~338.73**, then **R1 ~348.20**. **Intellectia Proprietary Trading Signals** - [AI Stock Picker](module://ai_stock_pick): No signal on given stock today. - [SwingMax](module://swingmax): No signal on given stock today.

Options Data

Bullish

Open Interest Put-Call Ratio

Bullish

Option Volume Put-Call Ratio

- **Sentiment**: Put/Call ratios this low are typically **bullish** (calls dominant), suggesting traders are positioned for upside or protection demand is light. - **Activity/positioning**: Volume vs 30-day average is elevated (today vs avg ~11.52x), indicating **heightened attention**. - **Volatility**: 30D IV ~22.41 vs HV ~21.92 (slightly higher IV) and IV percentile ~65.6 → options are not “cheap,” implying the market is pricing in some event risk (consistent with upcoming earnings).

Technical Summary

Sell

Buy

Positive Catalysts

- **Strong recent operating momentum**: 2025/Q3 showed solid revenue growth and strong EPS expansion.
- **Options sentiment is constructive** (very low put/call ratios).
- **Upcoming earnings (QDEC 2025 on 2026-01-30 pre-market)** could re-rate the stock if guidance/organic growth and margins beat expectations.
- Several Street firms still sit on **bullish stances/targets** (e.g., Evercore Outperform; Goldman Buy; JPM Overweight; KBW Outperform).

Neutral/Negative Catalysts

- **Technical downtrend** remains intact (bearish MA stack + worsening MACD), raising the risk of further near-term downside.
- **Hedge funds are selling** aggressively (selling amount up **143.78% QoQ**), a meaningful negative flow signal.
- **Industry cycle headwinds**: multiple analysts highlight softening P&C pricing and organic growth headwinds for brokers.
- **News provided is not AON-specific** (data center/energy buildout items) and does not read as a direct catalyst for Aon.
- **No supportive politician/congress signal**: no recent congress trading data available.

Financial Performance

Latest quarter: **2025/Q3** - **Revenue**: $3.997B, **+7.42% YoY** (steady growth) - **Net income**: $458M, **+33.53% YoY** (strong profitability leverage) - **EPS**: $2.11, **+34.39% YoY** (very strong per-share growth) - **Gross margin**: 37.48%, **+3.31% YoY** (margin improvement supports long-term quality thesis) Overall: fundamentals are trending positively, but the stock’s near-term setup is being dominated by cycle concerns and selling pressure.

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Recent trend: **mixed-to-slightly cautious**. - **Price targets**: Mostly tweaked upward or maintained in early Jan (Barclays to 381; Evercore to 436; KBW to 416), but notable cuts also occurred (Goldman 407→395; JPM 433→406; MS 410→400). Net effect: targets are still above current price, but conviction is uneven. - **Ratings**: Several bullish ratings remain (Outperform/Overweight/Buy), but **Barclays previously downgraded** (Overweight→Equal Weight in Nov) and **BofA is Underperform**. Wall Street pros: high-quality broker with resilient earnings power and decent upside to many targets. Wall Street cons: softening P&C pricing cycle + organic growth headwinds appear to be the dominant worry, and some believe expectations may still be too high.

16 Analyst Rating

Wall Street analysts forecast AON stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AON is 396.2 USD with a low forecast of 328 USD and a high forecast of 449 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

11 Buy

4 Hold

1 Sell

Moderate Buy

Current: 333.000

Low

328

Averages

396.2

High

449

Current: 333.000

Low

328

Averages

396.2

High

449

Barclays

Equal Weight

maintain

$379 -> $381

AI Analysis

2026-01-08

Reason

Barclays

Price Target

$379 -> $381

AI Analysis

2026-01-08

maintain

Equal Weight

Reason

Barclays raised the firm's price target on Aon plc to $381 from $379 and keeps an Equal Weight rating on the shares. The firm adjusted ratings and price targets as part of its 2026 outlook for the North America property and casualty Insurance group. Pricing is softening across commercial and reinsurance, while personal lines look relatively better and brokers face organic growth headwinds, the analyst tells investors in a research note. Barclays recommends staying selective.

Evercore ISI

Outperform

maintain

$435 -> $436

2026-01-07

Reason

Evercore ISI

Price Target

$435 -> $436

2026-01-07

maintain

Outperform

Reason

Evercore ISI raised the firm's price target on Aon plc to $436 from $435 and keeps an Outperform rating on the shares. With a tough cyclical backdrop, 2026 is "shaping up to be a challenging year for the P&C insurance sector," but this presents "a stock pickers market with opportunities for discerning investors," the analyst says in a year-ahead outlook note for the group.

Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for AON

Unlock Now

AON Should I Buy

AON Should I Buy

Should You Buy Aon PLC (AON) Today? Analysis, Price Targets, and 2026 Outlook.

Technical Analysis

Options Data

Technical Summary

Positive Catalysts

Neutral/Negative Catalysts

Financial Performance

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

People Also Watch