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QXO Inc ( (QXO) ) just unveiled an update.
On January 15, 2026, QXO Inc. entered into an underwriting agreement with BofA Securities to sell 31,645,570 shares of common stock at a public offering price of $23.80 per share, with an additional option for the underwriter to purchase up to 4,746,835 more shares, and the offering was expected to close on January 20, 2026 subject to customary conditions. The company expects to raise approximately $750 million in net proceeds from the deal, or up to about $862.5 million if the underwriter’s option is fully exercised, and plans to use the capital for general corporate purposes, including funding future acquisitions, underscoring QXO’s acquisition-driven growth strategy and its efforts to strengthen its financial position within the competitive building products distribution sector.
The most recent analyst rating on (QXO) stock is a Hold with a $27.00 price target. To see the full list of analyst forecasts on QXO Inc stock, see the QXO Stock Forecast page.
Spark’s Take on QXO Stock
According to Spark, TipRanks’ AI Analyst, QXO is a Neutral.
The score is driven primarily by solid financial positioning (low leverage) and exceptional revenue growth, partially offset by weak profitability and uneven cash flow. Technicals are favorable but look overextended, valuation is pressured by ongoing losses (negative P/E), and corporate events are a net positive for strategic flexibility but introduce dilution and complexity.
To see Spark’s full report on QXO stock, click here.
More about QXO Inc
QXO Inc. is the largest publicly traded distributor of roofing, waterproofing and complementary building products in North America, operating in the building products distribution industry. The company is focused on becoming a tech-enabled leader in the roughly $800 billion building products distribution market and is pursuing a strategy of growth through accretive acquisitions and organic expansion, with long-term ambitions to significantly scale its annual revenues.
Average Trading Volume: 8,029,815
Technical Sentiment Signal: Sell
Current Market Cap: $16.06B
See more insights into QXO stock on TipRanks’ Stock Analysis page.