Core Viewpoint - QXO, Inc. shows significant potential for upside, with a mean price target of $34.33 indicating a 70.8% increase from the current trading price of $20.10, which has already gained 23.5% over the past four weeks [1]. Price Targets and Analyst Consensus - The average price target for QXO ranges from a low of $27 to a high of $44, with a standard deviation of $8.74, suggesting variability in analyst estimates. The lowest estimate indicates a 34.3% increase, while the highest suggests an 118.9% upside [2]. - A low standard deviation among price targets indicates strong agreement among analysts regarding the stock's price movement direction, which can serve as a starting point for further research [9]. Earnings Estimates and Analyst Optimism - Analysts have shown growing optimism regarding QXO's earnings prospects, as evidenced by a positive trend in earnings estimate revisions. This trend has a strong correlation with near-term stock price movements [11]. - Over the last 30 days, one earnings estimate for QXO has increased, leading to a Zacks Consensus Estimate rise of 391.7% [12]. Zacks Rank and Investment Potential - QXO holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating strong potential for upside in the near term [13].
How Much Upside is Left in QXO INC (QXO)? Wall Street Analysts Think 70.8%