Is QXO, Inc. (QXO) One of the Best Long Term Stocks to Buy Under $20?
Key takeaways
- (QXO) One of the Best Long Term Stocks to Buy Under $20?
- (NYSE:QXO) further reported that adjusted EBITDA, a non-GAAP financial measure, was $1.2 million for the three months ended March 31, 2026.
- (NYSE:QXO) distributes roofing, waterproofing, and complementary building products in the United States.
Is QXO, Inc. (QXO) One of the Best Long Term Stocks to Buy Under $20? Noor Ul Ain Rehman Tue, June 9, 2026 at 11:38 PM GMT+7 1 min read QXO QXO, Inc. (NYSE:QXO) is one of the best long term stocks to buy under $20. Citi cut the price target on QXO, Inc. (NYSE:QXO) to $28 from $30 on May 15 and maintained a Buy rating on the shares. In its financial results for fiscal Q1 2026, QXO, Inc. (NYSE:QXO) reported a basic and diluted loss per common share of $0.35 and an adjusted diluted loss per common share, a non-GAAP financial measure, of $0.12 for the three months ended March 31, 2026. Net sales for the quarter were $1.73 billion, while adjusted net loss, which is a non-GAAP financial measure, came up to $57.2 million for the three months ended March 31, 2026.
QXO, Inc. (NYSE:QXO) further reported that adjusted EBITDA, a non-GAAP financial measure, was $1.2 million for the three months ended March 31, 2026. On April 18, the company entered into a definitive agreement to acquire TopBuild Corp. for approximately $17.0 billion in a combination of cash and stock consideration.
QXO, Inc. (NYSE:QXO) distributes roofing, waterproofing, and complementary building products in the United States. The company has plans to become a tech-enabled player in the building products distribution industry.