QXO Inc Hits 20-Day High Amid Market Trends
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 04 Dec 25
QXO Inc's stock price increased by 3.32%, reaching a 20-day high.
This movement comes as the broader market shows mixed signals, with the Nasdaq-100 down slightly while the S&P 500 sees a small gain.
Investors are closely watching market trends, which may influence future stock performance.
QXO
$0.0000%Past 6 months
Line
|
Candle
1D
5D
1M
3M
6M
YTD
1Y
5Y
No Data
Powered By
Intellectia
Analyst Views on QXO
Wall Street analysts forecast QXO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QXO is 30.14 USD with a low forecast of 27.00 USD and a high forecast of 35.00 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.
9 Analyst Rating
9 Buy
0 Hold
0 Sell
Strong Buy
Current: 20.580
Low
27.00
Averages
30.14
High
35.00
Current: 20.580
Low
27.00
Averages
30.14
High
35.00
Vertical Research
Adam Baumgarten
initiated
$30
2025-10-20
Reason
Vertical Research
Adam Baumgarten
Price Target
$30
2025-10-20
initiated
Reason
Vertical Research analyst Adam Baumgarten initiated coverage of QXO with a Buy rating and $30 price target.
KeyBanc
Overweight
initiated
$28
2025-10-01
Reason
KeyBanc
Price Target
$28
2025-10-01
initiated
Overweight
Reason
KeyBanc initiated coverage of QXO with an Overweight rating and $28 price target. The firm views QXO as a "compelling" long-term story, underpinned by leading growth and margin expansion potential. It likes the company's capital allocation strategy under a proven management team.
Raymond James
Outperform
initiated
$28
2025-09-05
Reason
Raymond James
Price Target
$28
2025-09-05
initiated
Outperform
Reason
Raymond James initiated coverage of QXO with an Outperform rating and $28 price target. QXO, with the acquisition of Beacon Roofing, now has a platform within building products distribution to support its long-term goal of becoming a $50B revenue company, the analyst tells investors in a research note. While the firm views QXO shares as an asymmetrically favorable setup, enthusiasm is partially tempered by potential execution risk that could challenge or interrupt its "proof of concept," the firm adds.
Morgan Stanley
Christopher Snyder
Overweight
initiated
$35
2025-09-02
Reason
Morgan Stanley
Christopher Snyder
Price Target
$35
2025-09-02
initiated
Overweight
Reason
Morgan Stanley analyst Christopher Snyder initiated coverage of QXO with an Overweight rating and $35 price target. QXO is an emerging building products distributor with plans to consolidate its way to $50B in revenue, the analyst tells investors in a research note. The firm says U.S. industrial distribution sector is a "prime roll-up candidate" while the company's management has a track record of driving value.
See All Ratings
About QXO
QXO, Inc. is a distributor of roofing, waterproofing and complementary building products in the United States. It focuses on being a tech-enabled company in the building products distribution industry. The Company specializes in helping contractors, distributors, and suppliers streamline operations. Its technology supports every step of the supply chain, from product availability and inventory management to order tracking and customer service. As a reseller and developer of proprietary software, it tailors its tools to the specific workflows of roofing professionals and distributors. Its product categories include residential, building supplies and materials, siding, waterproofing, and commercial. Its residential product category includes asphalt shingles, metal roofing, roofing accessories, roofing insulation, slate roofing, tile roofing, and wood roofing. Its building supplies and materials product category includes exterior materials, interior materials, and tools and equipment.
About the author
Preview
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Sigh Up to Get Intellectia Insights
How did the company's recent strategic decisions impact its latest financial performance?
Can you explain the factors behind the recent changes in the company's stock price?
What are the expected impacts of current market trends on the company's future growth?
Based on the latest earnings report, what are the company's forecasted revenues for the next quarter?