tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Benchmark starts QXO with a Buy on ‘winning’ consolidation formula

As previously reported, Benchmark initiated coverage of QXO (QXO) with a Buy rating and $50 price target The firm thinks the market is “far too focused” on the first asset purchased by QXO, namely Beacon Roofing earlier this summer, and “not focused enough” on what this “could and likely will look like in relatively short order,” noting that its model suggests QXO can exceed $30B in revenue, $4.5B in EBITDA, and $2.00 of EPS by 2030. The firm, which believes the building products distributor’s plan to expand across three to four verticals is “a winning formula not many can replicate,” would not wait for the next deal(s) to “see where the business and stock are headed,” the analyst added.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1