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Truist Financial Remains a Buy on QXO Inc (QXO)

Tipranks - Tipranks - Sat Dec 20, 2025

Truist Financial analyst Keith Hughes maintained a Buy rating on QXO Inc today and set a price target of $26.00.

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Hughes covers the Industrials sector, focusing on stocks such as QXO Inc, Carlisle Companies, and Owens Corning. According to TipRanks, Hughes has an average return of 19.1% and a 63.99% success rate on recommended stocks.

In addition to Truist Financial, QXO Inc also received a Buy from Wells Fargo’s Sam Reid in a report issued on December 16. However, on December 9, TR | OpenAI – 4o reiterated a Hold rating on QXO Inc (NYSE: QXO).

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Based on QXO Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.73 billion and a GAAP net loss of $139.4 million. In comparison, last year the company earned a revenue of $13.16 million and had a net profit of $17.13 million

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