15 Stocks Set to Explode in 2026

Page 3 of 13

11. QXO, Inc. (NYSE:QXO)

Number of Hedge Fund Holders: 65

Upside Potential: 93.06%

With significant upside potential and hedge fund interest, QXO Inc. (NYSE:QXO) secured a spot on our list of the 15 stocks set to explode in 2026.

QXO, Inc. (NYSE:QXO) reported its Q3 2025 results on November 6, 2025, which aligned with previously announced preliminary figures disclosed alongside the announcement of its recent term loan refinancing. With an 11.1% adjusted EBITDA margin, the company reported an adjusted diluted EPS of $0.14 and adjusted EBITDA of $301.9 million.

Reporting $2.73 billion in revenue, the company’s leadership reaffirmed its trajectory toward $50 billion in annual revenue within the next decade, citing strong execution in optimizing Beacon, its wholly-owned subsidiary. QXO, Inc. (NYSE:QXO)’s management stated that it is on track to grow legacy Beacon’s EBITDA to over $2 billion. The company reported adjusted diluted EPS of $0.14.

The company’s earnings release was followed by Wells Fargo’s “Buy” rating with a $30 price target on the same day. The firm’s analyst, Sam Reid, cited the company’s strong performance in Q3, highlighting its stable gross and EBITDA margins amid a challenging macroeconomic environment. Furthermore, he highlighted the company’s trajectory toward achieving $50 billion in annual revenue within the next decade. While the analyst acknowledged a soft short-term outlook due to external pressures, he believes the company’s long-term outlook remains robust, driven by potential deals and acquisitions.

QXO, Inc. (NYSE:QXO), the largest publicly traded distributor of roofing, waterproofing, and complementary building products in North America, sees itself becoming the tech-enabled leader in the $800 billion building products distribution industry.

Page 3 of 13