Truist Securities Cuts QXO Price Target to $15

Truist Securities maintained its Buy rating on QXO, Inc. on October 8, 2026, while lowering its price target from $26.00 to $15.00, a 37.99% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:30 PM EDT

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Truist Securities cut its price target on QXO, Inc. ($QXO) to $15 from $26 on October 8, 2026, and rates the stock "Buy".

Since the rating, $QXO is up 0.5% after 1 week and down 2.3% to date (from the $11.12 close on Oct 8, 2026).

QXO QXO, Inc.

$10.86 -44.93% year to date

Daily close · Oct 16, 2026

Key Points

Truist Securities maintained a Buy rating on QXO, Inc. on October 8, 2026, while lowering its price target to $15.00 from $26.00.
Truist Securities's $15 price target implies 37.99% upside from QXO, Inc.'s ($QXO) current $10.87 share price.
QXO shares recently traded around $10.87, sitting below its 50-day moving average of $12.91.
The company's next earnings report is scheduled for November 5, 2026, following a trailing twelve-month revenue total of roughly $9.90 billion.

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Truist Securities maintained its Buy rating on QXO, Inc. on October 8, 2026, while lowering its price target to $15.00 from $26.00. The research note arrived as the building products distributor navigated a period of sharp share price declines relative to its historical ranges.

Analyst rating track record

Truist Securities vs. the S&P 500

YTD return -0.88% hypothetical

All-time return -0.88% S&P 500 +0.74%

vs. S&P 500 -1.62% behind the index

Hypothetical returns from Truist Securities's disclosed trades, not real profit or advice. How we model this.

Truist Securities's Call on QXO

On October 8, 2026, Truist Securities issued a research note maintaining its Buy rating on QXO while cutting its price target down to $15.00 from $26.00. The stock closed at $11.12 on the day of the rating update.

Other Institutional Activity in QXO

Other large funds have adjusted their stakes in the distributor recently. Orbis Allan Gray Ltd held 73,951,325 shares worth roughly $803.11 million. Baillie Gifford & Co grew its holdings by 34,243,509 shares, ending with 47,867,886 shares worth about $519.85 million following a 251.3% increase. Affinity Partners Gp LP held 32,698,176 shares valued at about $355.10 million. Fred Alger Management, LLC grew its holdings by 4,958,039 shares, ending with 27,362,195 shares worth about $297.15 million following a 22.1% increase.

QXO, Inc. Stock Up 5.2%

The shares recently traded around $10.87 as of October 16, 2026, sitting 2.2% below their $11.12 close on the date of Truist's rating update. The stock trades well below its 50-day moving average of $12.90 and its 200-day moving average of $18.02. It also rests far below its 52-week high of $27.61, though it sits 6.9% above its 52-week low of $10.17.

12-month forecast

$QXO price target

QXO, Inc. daily closes and this analyst's $15 target. Not advice.

Recent Earnings

QXO posted trailing-twelve-month revenue of $9.90 billion alongside an EPS of -$0.83. The company recorded a net profit margin of -5.2% and a return on equity of -4.6%, with year-over-year revenue growth reaching 70.3%. The next earnings release is scheduled for November 5, 2026.

Dividend

The company does not pay a dividend, maintaining a dividend payout ratio of 0.0% and a dividend yield of 0.0%.

Insider Buying and Selling at QXO, Inc.

MFN Partners LP, a beneficial owner of more than 10% of a class of security, sold 7,000,000 shares on November 6, 2024, at an average price of $15.05 for a total value of $105.35 million.

Analysts Set New Price Targets

RBC Capital reiterated an Outperform rating with a $27.00 price target on July 10, 2026. Citigroup maintained a Buy rating on July 13, 2026, lowering its target to $25.00 from $28.00. DA Davidson initiated coverage with a Buy rating and a $26.00 price target on August 25, 2026. RBC Capital later maintained an Outperform rating on October 7, 2026, while dropping its target to $18.00 from $27.00. Across the broader Wall Street community, analysts maintain a consensus Strong Buy recommendation with a mean price target of $26.00 derived from 19 analyst opinions.

About QXO

QXO, Inc. operates as a distributor of roofing, waterproofing, and related building materials across the United States and Canada. The company supplies an array of residential construction products, including asphalt shingles, metal and tile roofing, vinyl and fiber cement siding, and various gutter and trim accessories. Headquartered in Greenwich, Connecticut, the firm is led by CEO Bradley S. Jacobs and employs 7,794 people.

Bottom Line

Truist's lowered target to $15.00 aligns closer with where the stock has recently drifted, though it still sits above recent market prices. Investors will look toward the upcoming earnings release on November 5, 2026, for fresh signals on distribution demand and profit margins.