On July 21, 2025, RBC Capital initiated coverage on the company QXO, assigning an "Outperform" rating. The action was led by analyst Mike Dahl, who is one of the prominent figures with RBC Capital.
Alongside the initiation of coverage, a price target of USD 33.00 was announced for QXO. This marks a significant development for the company as it did not have a prior price target from RBC Capital.
The initiation of coverage and the announcement of a price target could have implications for investors and stakeholders, providing them with a fresh perspective on QXO. The "Outperform" rating suggests that the firm expects the stock to perform better than the broader market or its sector peers.
