QXO (QXO): Morgan Stanley Shares Bullish Outlook

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

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.

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