10 Stocks Are Dominating Like Wall Street Titans

5. QXO, Inc. (NYSE:QXO)

QXO Inc. surged by 13.43 percent to close at $19 apiece as investors snapped up shares following a bullish rating and higher price target from an investment firm.

In its market note, Wolfe Research gave QXO, Inc. (NYSE:QXO) an “outperform” rating with a price target of $44, representing a 131-percent upside from the company’s last closing price.

According to Wolfe Research, QXO, Inc. (NYSE:QXO) offers an exceptional organic EBITDA growth and a distinct opportunity to generate value through acquisitions.

Wolfe Research also believed that QXO, Inc. (NYSE:QXO) is capable of doubling its organic EBITDA within the next five years, supported by its use of data-driven and technology-centric strategies.

In April this year, QXO, Inc. (NYSE:QXO) completed its acquisition of Beacon Roofing Supply, Inc. for $11 billion. The acquisition made the former the largest publicly traded distributor of roofing, waterproofing, and related building materials in the US.