Attractive Valuations Drive Interest in QXO Inc (QXO)

QXO Inc (NYSE:QXO) is one of the best large cap stocks under $100 with huge upside potential.

On January 9, Michael Dahl from RBC Capital Markets assigned an Outperform rating to QXO Inc (NYSE:QXO), while lowering the target price from $33 to $30. Following this downward revision, he still expects a further upside of above 25%.

Dahl’s rating is based on his cautious views on housing affordability, which still appears challenging. He noted a mixed sentiment for non-residential markets, which will remain subject to uncertainties linked with policies, interest rate changes, and tariffs. However, he does see attractive valuations for building products OEMs.

On January 8, Citi analyst Anthony Pettinari also reaffirmed his Buy rating for QXO Inc (NYSE:QXO), and lowered his target price estimates from $33 to $31. Pettinari’s revision is part of Citi’s 2026 outlook on homebuilding and building products group, where the firm shared some updated forecasts. Citi is optimistic on heavy construction materials with a preference for infrastructure over residential exposure.

QXO Inc (NYSE:QXO) is a tech-enabled distributor of building products such as roofing, waterproofing, materials, and related supplies. It markets its offerings through contractors, distributors, and suppliers. The company is currently in an aggressive pursuit of its inorganic growth strategy, with the aim of expanding the topline to $50 billion within the next decade.

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. This article is originally published at Insider Monkey.