QXO Inc. shares touched a 52-week low of $13.18 on Monday, extending a steep decline that has seen the stock fall 29.5% over the past year and 45% in the last six months. The drop comes despite a strong second-quarter performance that included revenue growth of 70% year-over-year to $3.25 billion, surpassing analyst expectations of $3.19 billion.
The company’s quarterly results were bolstered by the April 1, 2026 acquisition of Kodiak Building Partners, which contributed $595 million to revenue. QXO also reported improvements in price, volume, and gross margin compared with the first quarter of 2026, while meeting earnings-per-share forecasts.
Benchmark reiterated a Buy rating on QXO with a $50 price target, citing progress in the company’s technology rollout as a key driver of its positive outlook. The firm’s valuation remains well above current market levels, indicating potential upside from the 52-week low. InvestingPro analysis similarly suggests the stock may be undervalued, with projections pointing to profitability for the company in the current year.
QXO’s shares were last quoted at $13.83 in real-time trading on August 17, up 2.44% on the day.
