In a report released today, Sam Darkatsh from Raymond James reiterated a Buy rating on QXO Inc, with a price target of $28.00. The company’s shares closed yesterday at $18.50.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Darkatsh covers the Industrials sector, focusing on stocks such as The Toro Company, QXO Inc, and Applied Industrial Technologies. According to TipRanks, Darkatsh has an average return of 5.8% and a 51.99% success rate on recommended stocks.
In addition to Raymond James, QXO Inc also received a Buy from Wells Fargo’s Sam Reid in a report issued yesterday. 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
Read More on QXO:
/A%20concept%20image%20of%20a%20flying%20car_%20Image%20by%20Phonlamai%20Photo%20via%20Shutterstock_.jpg)
/A%20concept%20image%20of%20space_%20Image%20by%20Canities%20via%20Shutterstock_.jpg)
/Oracle%20Corp_%20office%20logo-by%20Mesut%20Dogan%20via%20iStock.jpg)
