Group 1 - QXO, Inc. (NYSE:QXO) is currently viewed as a strong buy stock, despite recent estimate cuts by William Blair for its fiscal Q4 and Q1 EBITDA [1][2] - William Blair reduced its fiscal Q4 EBITDA estimate to $152 million from the Street's $203 million and lowered its fiscal Q1 EBITDA estimate to $130 million from $167 million [1] - Truist has also cut its price target for QXO, Inc. to $26 from $28 while maintaining a Buy rating, citing rising price pressures and market weaknesses [2] Group 2 - Investors are increasingly focused on a potential transformational M&A deal for QXO, which could enhance investor confidence [2] - The company aims to become a tech-enabled player in the building products distribution industry, indicating a strategic shift towards modernization [3]
Why QXO, Inc. (QXO) Is One of the Best Strong Buy Stocks to Invest in Right Now