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RBC Capital Reaffirms Their Buy Rating on QXO Inc (QXO)

Tipranks - Tipranks - Sun Apr 5, 12:18AM CDT

RBC Capital analyst Michael Dahl maintained a Buy rating on QXO Inc on April 2 and set a price target of $28.00. The company’s shares closed last Thursday at $19.03.

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According to TipRanks, Dahl is a 5-star analyst with an average return of 8.8% and a 58.18% success rate. Dahl covers the Consumer Cyclical sector, focusing on stocks such as Whirlpool, Tri Pointe, and DR Horton.

In addition to RBC Capital, QXO Inc also received a Buy from TipRanks – Google’s Google Industrial – Distribution in a report issued on March 31. However, on April 1, TipRanks – Google downgraded QXO Inc (NYSE: QXO) to a Hold.

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Based on QXO Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.19 billion and a GAAP net loss of $90.26 million. In comparison, last year the company earned a revenue of $14.74 million and had a net profit of $11.29 million

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