In a report released yesterday, Sam Reid from Wells Fargo maintained a Buy rating on QXO Inc, with a price target of $30.00. The company’s shares closed yesterday at $18.50.
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According to TipRanks, Reid is a 4-star analyst with an average return of 6.7% and a 56.69% success rate. Reid covers the Consumer Cyclical sector, focusing on stocks such as Mohawk, DR Horton, and Lennar.
In addition to Wells Fargo, QXO Inc also received a Buy from William Blair’s Ryan Merkel in a report issued on October 10. However, on October 11, TR | OpenAI – 4o reiterated a Hold rating on QXO Inc (NYSE: QXO).
Based on QXO Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.91 billion and a GAAP net loss of $58.5 million. In comparison, last year the company earned a revenue of $14.54 million and had a GAAP net loss of $591 thousand
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