Truist initiated coverage on QXO, Inc with a new price target
$QXO
RETAIL: Building Materials
Consumer Discretionary
Truist initiated coverage of QXO, Inc with a rating of Buy and set a new price target of $30.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/21/2025 | $33.00 | Outperform | RBC Capital Mkts |
| 7/16/2025 | $33.00 | Buy | Citigroup |
| 7/1/2025 | $30.00 | Buy | Truist |
| 6/18/2025 | Outperform | William Blair | |
| 6/12/2025 | $32.00 | Outperform | Robert W. Baird |
| 6/11/2025 | $27.00 | Outperform | Oppenheimer |
| 6/6/2025 | $44.00 | Outperform | Wolfe Research |
QXO, Inc. (NYSE:QXO) today announced that Michael DeWitt has been appointed chief procurement officer, effective immediately. DeWitt will lead the company's procurement transformation as QXO scales to become the tech-enabled leader in the $800 billion building products distribution industry. DeWitt joins QXO after eight years as vice president of international spend management at Walmart International, where he was responsible for $10 billion of purchasing and digital transformation across 18 countries. He brings nearly three decades of experience in procurement innovation across multiple industries and continents. Brad Jacobs, chairman and chief executive officer of QXO, said, "Michael
QXO, Inc. (NYSE:QXO) today announced that Eric Nelson has been appointed chief information officer, effective July 14. Nelson will execute the company's IT roadmap as QXO becomes the tech-enabled leader in the $800 billion building products distribution industry. Nelson joins QXO from The Kraft Heinz Company, where he spent a decade in senior technology roles. He brings extensive experience leading front- and back-office operations for complex organizations, and played a pivotal role in the tech transformation of five major acquisitions and spin-offs. Brad Jacobs, chairman and chief executive officer of QXO, said, "Eric brings a rare blend of technical acumen and business insight to QXO
The NYSE lists largest and best-performing IPOs year-to-date and leads in new listings The New York Stock Exchange, part of Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today reported an industry-leading $61 billion in total capital raised during the first half of 2025, up nearly 40% versus the same period last year. During the first half of 2025, the NYSE led the industry with an additional $187 billion added to its community's total market cap. The NYSE has listed the largest IPO by capital raised with Venture Global (NYSE:VG) and IPO with the best price performance from Circle Internet Group (NYSE:CRCL). Additionally, the NYSE has cont
8-K - QXO, Inc. (0001236275) (Filer)
8-K - QXO, Inc. (0001236275) (Filer)
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RBC Capital Mkts initiated coverage of QXO, Inc with a rating of Outperform and set a new price target of $33.00
Citigroup initiated coverage of QXO, Inc with a rating of Buy and set a new price target of $33.00
Truist initiated coverage of QXO, Inc with a rating of Buy and set a new price target of $30.00
QXO, Inc. (NYSE:QXO) today announced that Michael DeWitt has been appointed chief procurement officer, effective immediately. DeWitt will lead the company's procurement transformation as QXO scales to become the tech-enabled leader in the $800 billion building products distribution industry. DeWitt joins QXO after eight years as vice president of international spend management at Walmart International, where he was responsible for $10 billion of purchasing and digital transformation across 18 countries. He brings nearly three decades of experience in procurement innovation across multiple industries and continents. Brad Jacobs, chairman and chief executive officer of QXO, said, "Michael
QXO, Inc. (NYSE:QXO) today announced that Eric Nelson has been appointed chief information officer, effective July 14. Nelson will execute the company's IT roadmap as QXO becomes the tech-enabled leader in the $800 billion building products distribution industry. Nelson joins QXO from The Kraft Heinz Company, where he spent a decade in senior technology roles. He brings extensive experience leading front- and back-office operations for complex organizations, and played a pivotal role in the tech transformation of five major acquisitions and spin-offs. Brad Jacobs, chairman and chief executive officer of QXO, said, "Eric brings a rare blend of technical acumen and business insight to QXO
QXO Inc. (NYSE:QXO) today announced the appointment of global tech veteran Val Liborski as chief technology officer, effective April 21, 2025. Liborski most recently served as chief technology officer for Yahoo, and prior to that as chief technology officer for HelloFresh. Previously, he led engineering and product management at Amazon Web Services and later oversaw the technology powering the expansion of Amazon's consumer business across Europe. Earlier in his career, he held senior engineering roles at Microsoft, where he developed large-scale data systems for Bing and advanced AI-driven advertising platforms. "Val has built his career at high-performance companies where execution is c
QXO, Inc. (NYSE:QXO) today announced its financial results for the first quarter 2025. The company reported a loss of $(0.03) per basic and diluted share attributable to common shareholders. FIRST QUARTER 2025 SUMMARY RESULTS Three Months Ended March 31, (in thousands) 2025 2024 Change % Revenue: Software product, net $ 3,517 $ 3,480 1.1 % Service and other, net 9,991 10,956 (8.8 )% Total revenue, net $ 13,508 $ 14,436 (6.4 )% Net
QXO, Inc. (NYSE:QXO) today announced its financial results for the fourth quarter 2024. The company reported a loss of $(0.02) per basic and diluted shares attributable to common shareholders. For the full year 2024, the company reported a loss of $(0.11) per basic and diluted shares attributable to common shareholders. FOURTH QUARTER AND FULL YEAR 2024 SUMMARY RESULTS Three Months Ended December 31, Year Ended December 31, (in thousands) 2024 2023 Change % 2024 2023 Change % Revenue:
Beacon Insiders Recently Sold Shares Well Below Offer Price, Undermining Beacon's Case Against QXOQXO Calls on Beacon Roofing to Let Shareholders Decide on QXO's $124.25 All-Cash Offer GREENWICH, Conn., Feb. 10, 2025 (GLOBE NEWSWIRE) -- QXO, Inc. (NYSE:QXO) today released a letter to Beacon Roofing Supply, Inc. shareholders regarding its $124.25 per share all-cash offer, addressing misrepresentations in Beacon's recent 14D-9 filing. Dear Beacon Shareholders, We seek to set the record straight on some of the numerous misleading statements in Beacon's recent communications. 1. QXO's Offer to Acquire Beacon Roofing Supply is Highly Compelling and at a Significant Premiu
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