QXO Inc (QXO) Gets a Buy from Morgan Stanley
In a report released today, Christopher Snyder from Morgan Stanley maintained a Buy rating on QXO Inc, with a price target of $35.00.
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According to TipRanks, Snyder is a 4-star analyst with an average return of 10.1% and a 53.44% success rate. Snyder covers the Industrials sector, focusing on stocks such as Ametek, Johnson Controls, and Parker Hannifin.
In addition to Morgan Stanley, QXO Inc also received a Buy from William Blair’s Ryan Merkel in a report issued today. However, on April 1, TipRanks – OpenAI reiterated a Hold rating on QXO Inc (NYSE: QXO).
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
Read More on QXO:
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- QXO Names Interim Chief Accounting Officer After Resignation
