Stock Market Today, Oct. 7: QXO Falls 7% on RBC Price-Target Cut to $18
Today, Oct. 7, 2026, the roofing distributor hit fresh 52-week lows as soft residential demand pressures margins and integration execution.
QXO - QXO, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$23.11
DETAILS
HIGH:
$32.00
LOW:
$15.00
MEDIAN:
$20.00
CONSENSUS:
$23.11
UPSIDE:
113.78%
Stock News
Why QXO Sank Today
QXO received a 33% price target cut from a Wall Street analyst. The analyst's channel checks point to a weak third quarter in the roofing industry.
3 Stocks Seeing Midweek Analyst Attention
Micron Technology (MU), QXO (QXO), and Amazon.com (AMZN) are moving in opposing directions amid fresh analyst updates
470,310 Shares in QXO, Inc. $QXO Purchased by Neville Rodie & Shaw Inc.
Neville Rodie and Shaw Inc. purchased a new stake in QXO, Inc. (NYSE: QXO) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 470,310 shares of the company's stock, valued at approximately $5,498,000. Several other hedge funds and other institutional investors have also
QXO, Inc. (NYSE:QXO) Stock Has Consensus Target Price of $28.00 According to Analysts
Shares of QXO, Inc. (NYSE: QXO - Get Free Report) have been given a consensus rating of "Moderate Buy" by the seventeen analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, thirteen have assigned a buy rating and two have
Here's ‘Big Short' Michael Burry's updated stock portfolio
Famed ‘Big Short' investor Michael Burry has revealed a fresh round of portfolio changes, expanding bearish bets against several artificial intelligence and semiconductor-linked stocks.
QXO: High Risk, Even Higher Conviction
QXO is the newest project of serial entrepreneur Brad Jacobs, who has a strong track record of driving outsized returns at prior ventures United Rentals and XPO. The building distribution industry is characterized by high fragmentation and low tech penetration, making it ripe for the Jacobs playbook of utilizing scale and tech leadership to drive value creation. A 60% YTD pullback in shares offers a highly attractive entry point towards our target of a $100bn market cap by 2035, yielding a 20%+ equity IRR.
QXO Trades Below Book Value, And The Rate Hike May Work In Its Favor
QXO, Inc. trades below book value and at a market cap less than its recent TopBuild acquisition, despite assembling a leading building products distribution platform. I see market fears over rates and housing as misplaced; higher rates actually enhance QXO's acquisition pipeline and competitive positioning for future roll-ups. Q2 showed 70% YoY revenue growth, a strong cash position, and successful integration progress, though margins compressed due to mix shift and upfront investments.
Engineers Gate Manager LP Makes New $1.11 Million Investment in QXO, Inc. $QXO
Engineers Gate Manager LP acquired a new position in QXO, Inc. (NYSE: QXO) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 64,418 shares of the company's stock, valued at approximately $1,113,000. Several other institutional investors have also recently modified their holdings
QXO: A Rough Start, But I'm Not Giving Up On Brad Jacobs
QXO Inc. has faced early sales declines post-acquisition, but the market may be overly pessimistic given Brad Jacobs' proven playbook. Beacon Roofing's performance under QXO has been underwhelming, with sales declines, but recent quarters show signs of stabilization. Reported margin expansion is largely due to inventory adjustments; true profitability gains from efficiency initiatives have yet to materialize.
Jim Cramer Recommends Buying This Communication Services Stock, Calling It ‘Amazing'
On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended buying Sphere Entertainment Co. (NYSE:SPHR), calling it “amazing.”
Head to Head Review: QXO (NYSE:QXO) vs. Global Industrial (NYSE:GIC)
QXO (NYSE: QXO - Get Free Report) and Global Industrial (NYSE: GIC - Get Free Report) are both industrials companies, but which is the better stock? We will contrast the two businesses based on the strength of their analyst recommendations, valuation, institutional ownership, dividends, earnings, profitability and risk. Valuation and Earnings This table compares QXO and Global
Bank of New York Mellon Corp Makes New $44.92 Million Investment in QXO, Inc. $QXO
Bank of New York Mellon Corp bought a new position in shares of QXO, Inc. (NYSE: QXO) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,599,473 shares of the company's stock, valued at approximately $44,919,000. Bank of
QXO Appoints Ken West as President and Chief Operating Officer
GREENWICH, Conn.--(BUSINESS WIRE)--QXO, Inc. (NYSE: QXO), today announced the appointment of Ken West as President and Chief Operating Officer, effective September 1, 2026. West will report to Chief Executive Officer Brad Jacobs and be responsible for QXO's day-to-day operations. West brings an extensive track record of high-impact operational leadership and driving major business transformations. He joins QXO from Honeywell Technologies, where he most recently served as President and Chief Exe.
QXO, Inc. (QXO) Misses Q2 Earnings Estimates
QXO, Inc. (QXO) came out with quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.11 per share a year ago.
QXO Reports Second Quarter 2026 Results
GREENWICH, Conn.--(BUSINESS WIRE)--QXO, Inc. (“QXO” or the “Company”) (NYSE: QXO) today reported financial results for the second quarter of 2026. For the three months ended June 30, 2026, basic and diluted loss per common share was $(0.14). Adjusted Diluted Earnings per Common Share, a non-GAAP financial measure, was $0.08. Note: The following summary of financial results for the three and six months ended June 30, 2026 include the legacy Kodiak Building Partners, Inc. (“Kodiak”) operational r.
Why QXO, Inc. Fell Over 20% in July
The building materials distribution giant closed on its largest-ever acquisition. The acquiree's shareholders overwhelmingly opted for cash in lieu of QXO shares, perhaps signaling a lack of confidence.
Baillie Gifford Expands QXO Inc (QXO) Stake -- Shares Trade Near GF Value
On June 30, 2026, Baillie Gifford (Trades, Portfolio) executed a significant addition to its position in QXO Inc (QXO), purchasing 34,243,647 shares at a traded
Earnings Preview: QXO, Inc. (QXO) Q2 Earnings Expected to Decline
QXO INC (QXO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
A Look at QXO Inc (QXO) After 5.9% Gain -- GF Value $17.47 vs Price $14.09
On August 03, 2026, QXO Inc (QXO) shares rose 5.9% to $14.09. The stock has experienced significant volatility, trading within a 52-week range of $13.18 to $27.
Price Targets
QXO Inc (QXO) PT Lowered to $20 at DA Davidson
$20.00
(was $10.81)
Garik Shmois
·
D.A. Davidson
QXO price target lowered to $15 from $26 at Truist
$15.00
(was $11.04)
Keith Hughes
·
Truist Financial
QXO price target lowered to $18 from $27 at RBC Capital
$18.00
(was $11.11)
RBC Capital
QXO initiated with a Buy at Melius Research
$17.00
(was $11.88)
Michael Rehaut
·
Melius Research
QXO initiated with a Buy at DA Davidson
$26.00
(was $13.41)
Garik Shmois
·
D.A. Davidson
QXO resumed with an Overweight at Wells Fargo
$18.00
(was $14.13)
Wells Fargo
QXO price target lowered to $26 from $29 at Stephens
$26.00
(was $17.02)
Stephens
QXO price target lowered to $30 from $35 at Baird
$30.00
(was $17.74)
Robert W. Baird
QXO price target raised to $32 from $30 at Oppenheimer
$32.00
(was $20.97)
Scott Schneeberger
·
Oppenheimer
QXO price target raised to $32 from $30 at KeyBanc
$32.00
(was $25.00)
KeyBanc
QXO price target raised to $30 from $27 at Oppenheimer
$30.00
(was $25.02)
Oppenheimer
QXO price target lowered to $30 from $33 at RBC Capital
$30.00
(was $24.65)
RBC Capital
QXO price target lowered to $26 from $28 at Truist
$26.00
(was $21.76)
Truist Financial
QXO initiated with a Buy at Loop Capital
$31.00
(was $22.12)
Loop Capital Markets
QXO price target lowered to $28 from $30 at Truist
$28.00
(was $19.90)
Keith Hughes
·
Truist Financial
QXO initiated with an Overweight at KeyBanc
$28.00
(was $19.06)
KeyBanc
Morgan Stanley Starts QXO Inc (QXO) at Overweight
$35.00
(was $20.13)
Christopher Snyder
·
Morgan Stanley
QXO initiated with an Overweight at Stephens
$29.00
(was $20.47)
Trey Grooms
·
Stephens
QXO initiated with an Overweight at Wells Fargo
$30.00
(was $19.42)
Wells Fargo