QXO (QXO): Morgan Stanley Shares Bullish Outlook

QXO, Inc. (NYSE:QXO) is one of the Stocks That Could Mint Millionaires in 2026.

QXO (QXO): Morgan Stanley Shares Bullish Outlook

QXO, Inc. (NYSE:QXO) has received bullish calls from analysts. For example, on December 3, Morgan Stanley analyst Christopher Snyder maintained a Buy rating on the stock with a price target of $35. In a note to investors, Snyder underlined that the company’s strategic focus on improving the performance of acquired businesses, particularly BECN, and executing on a robust M&A pipeline positioned it well for future success.

In late October, the firm posted earnings for the third quarter of 2025, reporting earnings per share of $0.14, beating estimates by $0.02. The revenue over time was in excess of $2.7 billion, beating expectations by $20 million.

QXO, Inc. (NYSE:QXO) distributes roofing, waterproofing, and other building products in the United States.

While we acknowledge the potential of QXO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than QXO and that has a 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None.