DA Davidson Rates Applied Industrial Technologies (AIT) buy

DA Davidson maintains its positive outlook on Applied Industrial Technologies as Wall Street tracks the industrial distributor, a 12.04% upside from the current price.

By EarningsIQ Research Desk · Published Jun 16, 2026, 10:02 AM EDT · Updated Jun 23, 2026, 8:01 AM EDT

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DA Davidson rated Applied Industrial Technologies, Inc. ($AIT) "buy" with a $380 price target on June 16, 2026.

Since the rating, $AIT is up 2.0% after 1 week, up 2.4% after 1 month and up 2.0% to date (from the $323.92 close on Jun 16, 2026).

AIT Applied Industrial Technologies, Inc.

$330.48 +27.91% year to date

Daily close · Oct 16, 2026

Key Points

DA Davidson analyst Chris Dankert reiterated a buy rating on Applied Industrial Technologies with a $380 price target on June 16, 2026.
DA Davidson's $380 price target implies 12.04% upside from Applied Industrial Technologies, Inc.'s ($AIT) current $339.15 share price.
The stock trades around $339.15, resting near its 50-day moving average of $337.59.
Wall Street currently maintains a strong buy consensus with an average target price of $400 across six analyst opinions.

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DA Davidson Maintains Positive View on Applied Industrial Technologies

DA Davidson analyst Chris Dankert reaffirmed a buy rating on Applied Industrial Technologies (NYSE: AIT) on June 16, 2026, keeping a $380 price target in place for the industrial parts distributor. The update comes as part of the firm's ongoing coverage of the industrial sector, where DA Davidson has kept a steady hand across several recent research notes. The firm's target stands alongside a wider group of Wall Street adjustments as analysts map out expectations for the company through the back half of the year.

Wall Street Analyst Updates and Price Targets

Other major financial firms have also adjusted their views on Applied Industrial Technologies in recent months. On October 15, 2026, Mizuho maintained an outperform rating with a $390 target, moving from an earlier target of $400. Back on August 14, 2026, several firms updated their outlooks following earnings results. B of A Securities maintained a buy rating while raising its target to $390 from $380. Oppenheimer kept an outperform rating and lifted its target to $390 from $350. DA Davidson itself maintained a buy rating on August 14 with a $400 target, up from $380. Keybanc maintained an overweight rating and raised its target to $420 from $375, while Baird kept an outperform rating while lifting its target to $400 from $317. Mizuho also maintained an outperform rating on August 14 with a $400 target, up from $355, following an earlier update on July 21, 2026, with a $355 target. Overall, the stock carries a strong buy consensus with an average target of $400 based on six analyst opinions.

Applied Industrial Technologies Stock Performance

Shares of Applied Industrial Technologies trade around $339.15 on Tuesday, sitting well above their 200-day moving average of $299.99 and close to the 50-day moving average of $337.59. The stock has moved between a 52-week low of $238.34 and a 52-week high of $374.80. The company carries a P/E ratio of 29.29 and a forward P/E of 24.22. Investors will look ahead to the company's next earnings report on October 27, 2026, for updated figures on sales and margins.

12-month forecast

$AIT price target

Applied Industrial Technologies, Inc. daily closes and this analyst's $380 target. Not advice.

What Applied Industrial Technologies Does

Applied Industrial Technologies distributes industrial motion, fluid power, flow control, and automation technologies, alongside related maintenance supplies. Operating through Service Center and Engineered Solutions segments, the Cleveland-based company serves industrial customers across North America and international markets. The business provides bearings, power transmission components, and advanced factory automation solutions to support manufacturing and industrial operations.

What to Watch Next for AIT

Market participants will track upcoming analyst reports and the October earnings release for signs of demand trends across industrial distribution channels. As a reminder, analyst ratings and price targets reflect individual firm perspectives and can shift as macroeconomic conditions evolve.