Here’s What the Wall Street Thinks About QXO, Inc. (QXO)

QXO, Inc. (NYSE:QXO) is one of the Best Performing NYSE Stocks According to Analysts. Wall Street is bullish on the stock as the company topped analysts expectations for its fiscal second quarter of 2025. QXO, Inc. (NYSE:QXO) delivered $1.91 billion in revenue, exceeding expectations by $32.71 million, while the EPS of $0.11 topped by $0.07.

Several analysts have given their bullish sentiment for the stock. On August 20, William Blair analyst Ryan Merkel maintained a Buy rating on QXO, Inc. (NYSE:QXO) without disclosing any price targets. More recently, on August 22, Benchmark also initiated the stock with a Buy rating with an associated price target of $50.

Benchmark highlighted that the market is overly focused on the company’s first acquisition of Beacon Roofing. The firm believes investors should look beyond this initial purchase and consider the company’s broader growth potential. Benchmark’s model projects that by 2030, QXO, Inc. (NYSE:QXO) could surpass $30 billion in revenue, generate $4.5 billion in EBITDA, and deliver $2.00 in earnings per share.

QXO, Inc. (NYSE:QXO) is a tech-enabled distributor of roofing, waterproofing, and other building products in the United States.

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Disclosure: None. This article is originally published at Insider Monkey.