Oppenheimer Bets on QXO, Inc. (QXO)'s M&A Pipeline, Lifts Target

QXO, Inc. (NYSE:QXO) is among the stocks under $50 to buy now. On January 16, Oppenheimer lifted the price target on QXO, Inc. (NYSE:QXO) to $30 from $27 and maintained an Outperform rating. According to TheFly, the firm believes the company is likely to report “sizable, incremental M&A,” which it believes will be a growth driver. In the initial two weeks of 2026, the company issued equity for the third time, with the first two equity raises tied to the condition that QXO will announce meaningful M&A activity by July 15, 2026.

On the same day, Benchmark maintained its Buy rating on QXO, Inc. (NYSE:QXO), with a price target of $50. As the consensus high price target, it implies an upside potential of 112.68%.

The company remains the “Best Idea” for the firm, given a potential deal announcement that could lead to “multiple arbitrage” for the stock. Benchmark notes that the equity raise, along with $3 billion recently secured, places QXO, Inc. (NYSE:QXO) favorably for its next acquisition target.

QXO, Inc. (NYSE:QXO) is a Connecticut-based distributor of roofing, waterproofing, and other building products. The company serves a wide range of clients, including contractors, distributors, and suppliers.

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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Disclosure: None.