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.

While we acknowledge the potential of QXO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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