Is QXO, Inc. (QXO) One of the Best Long Term Stocks to Buy Under $20?

QXO, Inc. (NYSE:QXO) is one of the best long term stocks to buy under $20. Citi cut the price target on QXO, Inc. (NYSE:QXO) to $28 from $30 on May 15 and maintained a Buy rating on the shares. In its financial results for fiscal Q1 2026, QXO, Inc. reported a basic and diluted loss per common share of $0.35 and an adjusted diluted loss per common share, a non-GAAP financial measure, of $0.12 for the three months ended March 31, 2026. Net sales for the quarter were $1.73 billion, while adjusted net loss, which is a non-GAAP financial measure, came up to $57.2 million for the three months ended March 31, 2026.

QXO, Inc. further reported that adjusted EBITDA, a non-GAAP financial measure, was $1.2 million for the three months ended March 31, 2026. On April 18, the company entered into a definitive agreement to acquire TopBuild Corp. for approximately $17.0 billion in a combination of cash and stock consideration.

QXO, Inc. 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.

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