10 Stocks to Buy With Over 50% Upside Potential

7. QXO, Inc. (NYSE:QXO)

​Analyst Upside: 69.78%

Number of Hedge Fund Holders: 65

QXO, Inc. (NYSE:QXO) is one of the best stocks to buy with over 50% upside potential. Truist Financial analyst Keith Hughes reiterated a Buy rating on QXO, Inc. (NYSE:QXO) on October 29.

William Blair analyst Ryan Merkel also maintained a bullish outlook on the stock on October 20, without assigning a price target.

Merkel based the optimistic rating on the company’s potential and performance, stating that QXO, Inc.’s (NYSE:QXO) fiscal Q3 results not only aligned with expectations but also surpassed the broader market expectations. These trends show stable performance amid the challenges of the industry.

The analyst further expects a boost in QXO, Inc.’s (NYSE:QXO) performance by 2026, supported by factors such as improvements in sales execution and pricing, inventory management, and procurement.

QXO, Inc. (NYSE:QXO) distributes roofing, waterproofing, and complementary building products in the United States. The company has plans to become a tech-enabled player in the building products distribution industry.