QXO Inc. is experiencing a significant decline, hitting a 5-day low as it prepares for a public offering of 31.65 million shares priced at $23.80 each.
The public offering, expected to close on January 20, 2026, aims to raise approximately $753 million, with proceeds intended for future acquisitions and general corporate purposes. BofA Securities is acting as the sole underwriter, ensuring a smooth capital raising process. This strategic move is part of QXO's goal to achieve $50 billion in annual revenues within the next decade, positioning itself as a leader in the building products distribution industry.
This offering reflects QXO's commitment to enhancing its operational capabilities and market competitiveness, although the current market sentiment remains strong with the Nasdaq-100 and S&P 500 both up. The stock's decline may be attributed to sector rotation as investors react to the offering details.
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 30.25 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.
10 Analyst Rating
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 30.25 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.
10 Buy
0 Hold
0 Sell
Strong Buy
Current: 23.240
Low
27.00
Averages
30.25
High
35.00
Current: 23.240
Low
27.00
Averages
30.25
High
35.00
Oppenheimer
Oppenheimer
Outperform
maintain
$27 -> $30
2026-01-16
Reason
Oppenheimer
Oppenheimer
Price Target
$27 -> $30
AI Analysis
2026-01-16
maintain
Outperform
Reason
Oppenheimer raised the firm's price target on QXO to $30 from $27 and keeps an Outperform rating on the shares. The firm perceives QXO close to announcing sizable, incremental M&A, which it views as likely a positive catalyst.
RBC Capital
Outperform
to
NULL
downgrade
$33 -> $30
2026-01-09
Reason
RBC Capital
Price Target
$33 -> $30
2026-01-09
downgrade
Outperform
to
NULL
Reason
RBC Capital lowered the firm's price target on QXO to $30 from $33 and keeps an Outperform rating on the shares. Goldman remains cautious into early 2026, with housing affordability still challenging and R&R potentially inflecting later in the year, the analyst tells investors in a research note. Nonresidential markets are mixed, key risks include policy changes, rates, and tariffs, and the sector is expected to remain volatile, with homebuilders the most cautious, distribution favored, and building products OEMs offering relatively attractive valuations.
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RBC Capital
Outperform
to
NULL
downgrade
$33 -> $30
2026-01-09
Reason
RBC Capital
Price Target
$33 -> $30
2026-01-09
downgrade
Outperform
to
NULL
Reason
RBC Capital lowered the firm's price target on QXO to $30 from $33 and keeps an Outperform rating on the shares. RBC Capital remains cautious into early 2026, with housing affordability still challenging and R&R potentially inflecting later in the year, the analyst tells investors in a research note. Nonresidential markets are mixed, key risks include policy changes, rates, and tariffs, and the sector is expected to remain volatile, with homebuilders the most cautious, distribution favored, and building products OEMs offering relatively attractive valuations.
Citi
Buy
downgrade
$33 -> $31
2026-01-08
Reason
Citi
Price Target
$33 -> $31
2026-01-08
downgrade
Buy
Reason
Citi lowered the firm's price target on QXO to $31 from $33 and keeps a Buy rating on the shares. The firm updated estimates and targets in the homebuilding and building products group as part of its 2026 outlook. Citi continues to prefer heavy construction materials with exposure to infrastructure over the residential exposed names.
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
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.
