Aon stock carries a USD 391 consensus target after Q2 growth

Aon stock carries an average 12-month analyst target of USD 391.00 against a last price of USD 273.99 on October 6, 2026. The gap reflects a market still weighing Aon's second-quarter execution against softer pricing conditions and the company's broader growth plans.

Wall Street sees more upside

According to MarketBeat on October 7, 2026, nineteen analysts give Aon a Moderate Buy consensus. The breakdown includes twelve buy ratings, six hold ratings and one sell rating, with the average target at USD 391.00.

The average target stands 42.7 percent above the October 6 price. JPMorgan cut its target from USD 412.00 to USD 362.00 on October 1 while retaining an Overweight rating, a reminder that the consensus masks a wide range of views.

Q2 growth came with margin gains

In the second quarter of 2026, Aon delivered 5 percent organic revenue growth and lifted total revenue 2 percent year over year to USD 4.2 billion. Adjusted EPS rose 9 percent to USD 3.81, while adjusted operating margin expanded 70 basis points to 28.9 percent, according to Yahoo Finance in the July 29, 2026 earnings-call transcript.

The same call recorded USD 483 million of second-quarter free cash flow and reaffirmed 2026 guidance for mid-single-digit or greater organic revenue growth, 70 to 80 basis points of margin expansion and double-digit free cash flow growth. The comparison is important because revenue growth remained positive even as insurance pricing pressure affected parts of the business.

Risk and people services remain linked

Aon describes its business around Risk Capital and Human Capital, combining advisory expertise, data and analytics with insurance-related and workforce solutions, according to Aon. That structure gives the company exposure to insurance brokerage, reinsurance, retirement, health benefits and talent advisory demand rather than to a single insurance line.

For investors, the key tension is visible in the numbers: margin expansion and cash generation support the bullish consensus, while the target reduction by JPMorgan shows that valuation and the pricing cycle remain central to the debate.

Aon stock remains below its yearly high

Aon stock was last at USD 273.99 on the NYSE on October 6, 2026 at 4:02 p.m. ET, up 0.71 percent on the session. The price stood 28.34 percent below the 52-week high of USD 382.34 and 2.87 percent above the 52-week low of USD 266.33.

More news and analyses on Aon stock