QXO (NYSE:QXO) Shares Up 5.8% – What’s Next?

Posted by Brenda Bartman on Oct 22nd, 2026

QXO, Inc. (NYSE:QXO – Get Free Report) was up 5.8% on Thursday. The company traded as high as $10.69 and last traded at $10.9120. 1,345,789 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 16,281,890 shares. The stock had previously closed at $10.31.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Royal Bank Of Canada reduced their price objective on QXO from $27.00 to $18.00 and set an “outperform” rating for the company in a research report on Wednesday, October 7th. Wells Fargo & Company decreased their price target on QXO from $16.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday, October 16th. Citigroup dropped their target price on shares of QXO from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, July 13th. Truist Financial decreased their price target on QXO from $26.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, October 8th. Finally, Morgan Stanley started coverage on shares of QXO in a research note on Tuesday, August 4th. They set an “overweight” rating and a $35.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $24.77.

View Our Latest Report on QXO

QXO Stock Performance

The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.29 and a current ratio of 4.11. The firm has a market cap of $11.46 billion, a price-to-earnings ratio of -12.27, a price-to-earnings-growth ratio of 2.20 and a beta of 2.30. The firm’s 50 day moving average is $12.37 and its 200-day moving average is $15.54.

QXO (NYSE:QXO – Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.18 billion. QXO had a negative net margin of 5.17% and a positive return on equity of 2.41%. Sell-side analysts anticipate that QXO, Inc. will post 0.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On QXO

Institutional investors have recently added to or reduced their stakes in the company. Finepoint Capital LP boosted its stake in QXO by 30.7% during the second quarter. Finepoint Capital LP now owns 18,113,850 shares of the company’s stock worth $313,007,000 after buying an additional 4,255,435 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its position in QXO by 25.9% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 5,703,964 shares of the company’s stock valued at $66,679,000 after purchasing an additional 1,173,274 shares during the last quarter. Spyglass Capital Management LLC acquired a new position in QXO during the 2nd quarter worth about $62,961,000. CI Investments Inc. lifted its position in shares of QXO by 4.1% during the first quarter. CI Investments Inc. now owns 2,598,840 shares of the company’s stock worth $50,469,000 after purchasing an additional 102,838 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in QXO during the 2nd quarter worth $44,919,000. 58.68% of the stock is owned by institutional investors and hedge funds.

QXO Company Profile

(Get Free Report)

QXO, Inc is a building products distribution company serving professional contractors and other customers in the construction industry. Its product offerings include roofing materials, siding, windows, doors, insulation and related exterior building products.

The company operates through a network of distribution locations in the United States and Canada, providing materials, delivery services and product support to contractors and other building-industry customers. QXO’s strategy is focused on expanding its presence in the building products distribution market through organic growth and acquisitions.

QXO was formerly known as SilverSun Technologies, Inc and adopted the QXO name as part of a strategic transformation led by investor Brad Jacobs.