QXO stock rose 11.66% with bullish rating from William Blair, predicting significant potential growth.
From Yahoo Finance: 2025-06-19 14:02:00
QXO Inc. (NYSE:QXO) saw a 11.66% increase in stock value, reaching $22.50 per share on Wednesday, thanks to a bullish rating from investment firm William Blair & Company. The firm predicts a potential 95% upside for QXO Inc. (NYSE:QXO) due to its recent acquisition of Beacon Building Products.
William Blair forecasts QXO Inc. (NYSE:QXO) to make a significant impact in the $800 billion building products distribution industry and predicts the company could reach $50 billion in revenue over the next decade through strategic acquisitions. However, some believe that other AI stocks may offer higher returns with less risk than QXO.
For those interested in AI stocks, there are reports available on the best short-term AI stocks and the 20 best AI stocks to buy now, as well as insights on 30 best stocks to invest in according to billionaires. This article was originally published on Insider Monkey.