Benchmark Reiterates Buy Rating on QXO Inc (QXO) Following Kodiak Deal Announcement

Benchmark analyst Reuben Garner reiterated a Buy rating and $50.00 price target on QXO Inc (NASDAQ: QXO).

The analyst commented, "Last week, QXO announced an agreement to acquire Kodiak Building Partners, a private U.S. distributor of lumber and building materials (LBM) as well as value-added assembly, fabrication, and installation services. Over the past several weeks, we’ve met with the CEO of Kodiak, Brad Jacobs (at the Builders’ Show this week), and various other public/private industry participants...We think the deal is accretive to earnings, but we will save our model update until the deal closes (expected in early 2Q’26). As we’ve suggested since our coverage launch, we continue to believe the multiple arbitrage playbook (with a “white hot” pipeline and as much as ~$6B or more in capital to deploy) will be profitable for investors as QXO builds out its base with roofing and LBM distributors as the first two pillars."

For an analyst ratings summary and ratings history on QXO Inc click here. For more ratings news on QXO Inc click here.

Shares of QXO Inc closed at $13.71 yesterday.

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