QXO Rated Outperform by Wolfe on Strong EBITDA Growth Potential

QXO Inc. (NYSE:QXO) ranks among the 30 stocks expected to beat the market by 20 percentage points this year. On June 6, Wolfe Research began coverage of QXO Inc. (NYSE:QXO) with a price target of $44 and an Outperform rating. One of the main reasons for the research firm’s optimistic assessment of QXO is its potential for outstanding EBITDA growth.

Analysts at Wolfe Research praised QXO’s management team, which has a proven track record of successfully creating value across a range of industries. Through targeted mergers and acquisitions, as well as operational enhancements, the firm believes QXO Inc. (NYSE:QXO) may generate notable EBITDA growth. Wolfe also estimates that over the next five years, QXO’s EBITDA will grow at a compound annual growth rate of about 35%, considerably greater than its competitors.

QXO Inc. (NYSE:QXO) is a software company that offers Accumatica and Sage, alongside other ERP products. Additionally, it offers support, training, and other technical services associated with these products.

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