AAON, Inc. (NASDAQ:AAON) is identified as one of the growth stocks that could potentially double by 2027. Sidoti recently upgraded AAON from Neutral to Buy on June 16, with a revised price target of $95.00, despite a selloff following a drop in Q2 guidance at an investor day.
Sidoti analyst Julio Romero views the recent pullback in AAON as a buying opportunity due to the company’s long-term growth potential and exposure to high-demand sectors like data centers, HVAC, and electrification. With a five-year revenue compound annual growth rate (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) is a company that designs and manufactures HVAC systems across North America, catering to industries ranging from retail and education to data centers and pharmaceuticals. Operating through subsidiaries like AAON Oklahoma, AAON Coil Products, and BASX, the company offers various HVAC solutions like rooftop units, chillers, cleanroom systems, and geothermal heat pumps.
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Read more at Yahoo Finance: Sidoti Upgrades AAON (AAON) to Buy Despite Investor Day Selloff
