These 10 Stocks Boast Double-Digit Gains Amid Boring Market

8. QXO Inc. (NYSE:QXO)

QXO extended its winning streak to a third consecutive day on Wednesday, jumping 11.66 percent to finish at $22.50 apiece as investor sentiment was buoyed by an investment firm’s bullish rating for its stock.

In its first coverage of QXO Inc. (NYSE:QXO), investment firm William Blair & Company gave an “outperform” rating on its stock with a target range between $27 and $44. The price target gives QXO Inc.’s (NYSE:QXO) stock as much as 95-percent upside from its latest closing price.

According to William Blair, QXO Inc. (NYSE:QXO) has the potential to become a major player in the $800-billion building products distribution industry.

The analyst rating followed the company’s acquisition of Beacon Building Products for $11 billion, making it the largest publicly traded distributor of roofing, waterproofing, and complementary building products in the United States.

William Blair expects QXO Inc. (NYSE:QXO) to pursue another large acquisition as part of its “big game hunting” strategy, and propel its revenues to $50 billion in revenue in the next decade.