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QXO, Inc. (NYSE:QXO) is one of the best long term stocks to buy under $20. Citi cut the price target on QXO, Inc. (NYSE:QXO) to $28 from $30 on May 15 and maintained a Buy rating on the shares. In its financial results for fiscal Q1 2026, QXO, Inc. (NYSE:QXO) reported a basic and diluted loss per common share of $0.35 and an adjusted diluted loss per common share, a non-GAAP financial measure, of $0.12 for the three months ended March 31, 2026. Net sales for the quarter were $1.73 billion, while adjusted net loss, which is a non-GAAP financial measure, came up to $57.2 million for the three months ended March 31, 2026.

QXO, Inc. (NYSE:QXO) further reported that adjusted EBITDA, a non-GAAP financial measure, was $1.2 million for the three months ended March 31, 2026. On April 18, the company entered into a definitive agreement to acquire TopBuild Corp. for approximately $17.0 billion in a combination of cash and stock consideration.

QXO, Inc. (NYSE:QXO) distributes roofing, waterproofing, and complementary building products in the United States. The company has plans to become a tech-enabled player in the building products distribution industry.

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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