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QXO Inc (NYSE:QXO) is one of the best industrial stocks to buy in 2026. On April 20, KeyBanc reiterated an Overweight rating on QXO Inc (NYSE:QXO) and raised the price target to $32 from $30.The price target hike is in response to the company reaching a $17 billion deal to acquire TopBuild.
The acquisition is poised to strengthen QXO’s prospects as the second-largest building products distributor in North America with more than $18 billion in combined company revenue. In addition, it will give the company scale in the insulation sector and expand its exposure to large, complex projects like data centers, where scale matters.
QXO has turned to acquisitions as part of its growth strategy. Last year, it completed an $11 billion acquisition of Beacon Roofing Supply. The company also tabled a bid for GMS and threatened a hostile takeover. KeyBanc raised its price target for the stock, impressed by the accelerated merger-and-acquisition activity that supports a higher earnings-growth trajectory.
QXO Inc. (NYSE:QXO) is a North American distributor of building products, specializing in roofing, waterproofing, and complementary materials. The company focuses on accelerating growth through technology, acquisitions, and scaling to become a leader in the $800 billion building products distribution market.
While we acknowledge the potential of QXO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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