87/100BAon stock forecast 2026–2030What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for Aon is 361.30, 6.1% above the current price of 340.50. Their targets range from 317.00 to 423.00.
Of the 15 firms that rated Aon in the past 12 months, 11 rate it buy or strong buy, 4 hold and 0 sell or strong sell (each firm at its latest rating): a Buy consensus.
Analysts' 1-year price targets range from 317.00 to 423.00, with an average of 361.30.
| Buy | 11 | |
| Hold | 4 | |
| Sell | 0 |
12-month price target
| Highest target | 423.00 |
| Average target | 361.30 |
| Lowest target | 317.00 |
| Current price | 340.50 |
Aon price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Have analysts recently raised or lowered their Aon price target and rating?
How analysts rate Aon, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
11 of 15 firms rate it buy now, against 10 of 13 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Aon analyst upgrades, downgrades and price targets
The latest rating change came on 3 November 2026, when BMO Capital upgraded Aon from Market Perform to Outperform. The most recent new target came from Wells Fargo on 12 October 2026: 323.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 3 Nov 2026 | BMO Capital | Upgraded · Market Perform → Outperform | — | — | — |
| 2 Nov 2026 | Raymond James | Upgraded · Underperform → Market Perform | — | — | — |
| 12 Oct 2026 | Wells Fargo Elyse Greenspan | Reiterated · Overweight | 383.00 → 323.00 | -15.7% | 273.47 |
| 7 Oct 2026 | Cantor Fitzgerald Ryan Tunis | Reiterated · Overweight | 433.00 → 400.00 | -7.6% | 273.99 |
| 7 Oct 2026 | Mizuho Securities | Reiterated · Outperform | 366.00 → 324.00 | -11.5% | 273.99 |
| 7 Oct 2026 | Barclays | Reiterated · Equal Weight | 382.00 → 317.00 | -17.0% | 273.99 |
| 6 Oct 2026 | Morgan Stanley Bob Huang | Reiterated · Overweight | 410.00 → 350.00 | -14.6% | 271.93 |
| 16 Sept 2026 | Mizuho Securities | Reiterated · Outperform | 426.00 → 366.00 | -14.1% | 304.67 |
| 2 Sept 2026 | Evercore ISI David Motemaden | Reiterated · Outperform | 436.00 → 423.00 | -3.0% | 327.48 |
| 1 Sept 2026 | BMO Capital Michael Zaremski | Reiterated · Market Perform | 360.00 | — | 321.03 |
| 1 Sept 2026 | Roth Capital | — | 420.00 → 380.00 | -9.5% | 321.52 |
| 1 Sept 2026 | Cantor Fitzgerald Ryan Tunis | Reiterated · Overweight | 445.00 → 433.00 | -2.7% | 321.52 |
| 1 Sept 2026 | Piper Sandler Paul Newsome | Reiterated · Neutral | 391.00 → 349.00 | -10.7% | 321.52 |
| 1 Sept 2026 | Wells Fargo | Reiterated · Overweight | 443.00 → 383.00 | -13.5% | 321.52 |
| 19 Aug 2026 | Morgan Stanley | Reiterated · Overweight | 380.00 → 410.00 | +7.9% | 343.20 |
| 3 Aug 2026 | UBS Brian Meredith | Reiterated · Neutral | 383.00 → 387.00 | +1.0% | 360.55 |
| 31 Jul 2026 | Roth Capital | — | 390.00 → 420.00 | +7.7% | 361.22 |
| 30 Jul 2026 | Piper Sandler | Reiterated · Neutral | 377.00 → 391.00 | +3.7% | 377.16 |
| 15 Jul 2026 | Piper Sandler | Downgraded · Overweight → Neutral | 355.00 → 377.00 | +6.2% | 358.89 |
| 9 Jul 2026 | Cantor Fitzgerald | Reiterated · Overweight | 412.00 → 445.00 | +8.0% | 355.17 |
| 9 Jul 2026 | Mizuho Securities Yaron Kinar | Reiterated · Outperform | 394.00 → 426.00 | +8.1% | 357.51 |
| 8 Jul 2026 | UBS | Reiterated · Neutral | 360.00 → 383.00 | +6.4% | 359.29 |
| 7 Jul 2026 | Barclays | Reiterated · Equal Weight | 381.00 → 382.00 | +0.3% | 356.91 |
| 6 Jul 2026 | Morgan Stanley | Reiterated · Overweight | 370.00 → 380.00 | +2.7% | 357.46 |
| 16 Jun 2026 | UBS | Reiterated · Neutral | 385.00 → 360.00 | -6.5% | 329.51 |
| 15 Jun 2026 | Piper Sandler | Reiterated · Overweight | 360.00 → 355.00 | -1.4% | 335.31 |
| 26 May 2026 | Piper Sandler Paul Newsome | Reiterated · Overweight | 388.00 → 360.00 | -7.2% | 324.78 |
| 21 May 2026 | Morgan Stanley Bob Huang | Reiterated · Overweight | 400.00 → 370.00 | -7.5% | 321.15 |
| 4 May 2026 | Piper Sandler | Reiterated · Overweight | 388.00 | — | 311.51 |
| 13 Apr 2026 | Mizuho Securities Yaron Kinar | Reiterated · Outperform | 398.00 → 394.00 | -1.0% | 318.03 |
| 27 Feb 2026 | B of A Securities | Upgraded · Neutral → Outperform | — | — | — |
| 3 Feb 2026 | Mizuho Securities Yaron Kinar | — | 387.00 → 398.00 | +2.8% | 349.61 |
| 2 Feb 2026 | Jefferies Andrew Andersen | — | 408.00 | — | 351.99 |
| 2 Feb 2026 | Cantor Fitzgerald | Reiterated · Overweight | 393.00 → 412.00 | +4.8% | 351.99 |
| 2 Feb 2026 | UBS | Reiterated · Neutral | 385.00 | — | 349.64 |
| 1 Feb 2026 | Wells Fargo Elyse Greenspan | — | 448.00 → 443.00 | -1.1% | 349.64 |
| 14 Jan 2026 | Mizuho Securities | — | 389.00 → 387.00 | -0.5% | 344.59 |
| 14 Jan 2026 | Cantor Fitzgerald | Reiterated · Overweight | 440.00 → 393.00 | -10.7% | 344.59 |
| 13 Jan 2026 | Wells Fargo | Reiterated · Overweight | 448.00 | — | 350.49 |
| 8 Jan 2026 | Barclays | Reiterated · Equal Weight | 379.00 → 381.00 | +0.5% | 349.92 |
| 7 Jan 2026 | Goldman Sachs | — | 395.00 | — | 349.92 |
| 7 Jan 2026 | Evercore ISI | — | 435.00 → 436.00 | +0.2% | 344.63 |
| 16 Dec 2025 | Morgan Stanley | — | 400.00 | — | 353.71 |
| 15 Dec 2025 | Mizuho Securities | — | 389.00 | — | 353.71 |
| 20 Nov 2025 | Barclays Alex Scott | Downgraded · Overweight → Equal Weight | 420.00 → 379.00 | -9.8% | 344.17 |
Aon EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Analysts expect Aon's EPS to grow 11.1% a year until 2028. Over the last 5 years it grew 15.0% a year, and over the last 3 years 11.9%.
Analysts expect Aon's revenue to grow 10.1% a year until 2028, about as fast as over the last 5 years (9.2% a year) and the last 3 years (11.2%).
Revenue
EPS
Does Aon beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 3.9% off the result, either way, and their revenue estimate 1.1%, over the last 12 quarters.
- EPS beats
- 89 / 136
- Revenue beats
- 75 / 120
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- +0.7%
- Since
- February 1993
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 28 Oct 2026 | 3.30 | 3.36 | +1.8% | 4.08B | 4.10B | +0.6% |
| Q2 FY2026 | 29 Jul 2026 | 3.80 | 3.81 | +0.3% | 4.28B | 4.25B | -0.7% |
| Q1 FY2026 | 1 May 2026 | 6.37 | 6.48 | +1.7% | 4.97B | 5.03B | +1.2% |
| Q4 FY2025 | 30 Jan 2026 | 4.75 | 4.85 | +2.1% | 4.38B | 4.30B | -1.8% |
| Q3 FY2025 | 31 Oct 2025 | 2.91 | 3.05 | +4.8% | 3.96B | 4.00B | +1.0% |
| Q2 FY2025 | 25 Jul 2025 | 3.40 | 3.49 | +2.6% | 4.17B | 4.16B | -0.3% |
| Q1 FY2025 | 25 Apr 2025 | 6.01 | 5.67 | -5.7% | 4.87B | 4.73B | -2.9% |
| Q4 FY2024 | 31 Jan 2025 | 4.25 | 4.42 | +4.0% | 4.20B | 4.15B | -1.3% |
| Q3 FY2024 | 25 Oct 2024 | 2.48 | 2.72 | +9.7% | 3.69B | 3.72B | +0.9% |
| Q2 FY2024 | 26 Jul 2024 | 3.08 | 2.93 | -4.9% | 3.74B | 3.76B | +0.6% |
| Q1 FY2024 | 26 Apr 2024 | 5.91 | 5.66 | -4.2% | 4.14B | 4.07B | -1.6% |
| Q4 FY2023 | 2 Feb 2024 | 4.07 | 3.89 | -4.4% | 3.36B | 3.38B | +0.6% |
Aon stock price 2026–2030: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
If Aon's earnings keep growing at the 11.0% a year analysts expect to FY2028, it would earn about 28.77 a share in FY2030. At the P/E it has traded at over the last five years (18.5 to 53.8) that is 533.64 to 1,547.12 a share, or 811.29 at its average P/E of 28.2. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 18.43 | 341.74 | 519.55 | 990.78 |
| FY2027 | 20.26 | 375.69 | 571.16 | 1,089.20 |
| FY2028 | 23.35 | 432.95 | 658.21 | 1,255.20 |
| FY2029 (extrapolated) | 25.92 | 480.67 | 730.75 | 1,393.54 |
| FY2030 (extrapolated) | 28.77 | 533.64 | 811.29 | 1,547.12 |
Each year's EPS is the analysts' consensus to FY2028; the years after grow 11.0% a year (the analysts' growth, at most 15%). Bear, base and bull apply the lowest, average and highest P/E of today and the last five fiscal year ends, leaving out any above 60, the mark of a year of collapsed earnings (18.5, 28.2, 53.8).
Is Aon stock undervalued or overvalued?How does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
Aon's P/E of 18.5 is near the bottom of its 5-year range (14.8 to 75.9, median 26.8). Analysts expect slower growth than in recent years, so the low P/E may be deserved. Buyers pay about the usual price for each point of growth: a PEG of 1.7 on expected growth against 1.8 on its median P/E and past five years' growth. At its usual P/E (25.3 × EPS of 14.90), Aon's fair value is 377.40; the price, 340.50, is 9.8% below it. The EPS is without 3.46 a share of one-off gains in its other income, which the business does not repeat. Its forward P/E, on the consensus for FY2026, is 18.5.
Fair value is the usual (median) P/E of the last five years times the earnings per share of the last twelve months; the ends of the bar are the same earnings at its lowest and highest P/E of those years (18.2 and 34.3). The price against its P/E range
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 18.55
- Five-year median P/EWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 26.82
- Five-year P/E range
- 14.8 – 75.9
- Forward P/E (FY2026)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 18.48
- PEG ratioWhat is the PEG ratio? The PEG ratio divides the P/E by the yearly earnings growth analysts expect, to show how much you pay for each point of growth.
- 1.68
- To the average targetWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
- +6.1%
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 235.690 | 464.49205Price 235.69627 | +97.1% | |
| 28.860 | 56.2634Price 28.8696 | +94.9% | |
| 199.110 | 384.58163Price 199.112,644 | +93.1% | |
| 123.990 | 237.24178Price 123.99297 | +91.3% | |
| 157.820 | 297.58169Price 157.82471 | +88.6% | |
| 162.670 | 305.52160Price 162.67396 | +87.8% | |
| 216.610 | 405.38304Price 216.61507 | +87.1% |
Furthest below the fair value on each stock's page, updated every day.