QXO Inc (NYSE:QXO) Sees Upside Potential Despite Downgrade

QXO Inc (NYSE:QXO) is a large-cap stock with attractive valuations and huge upside potential. Analysts from RBC Capital Markets and Citi have assigned an Outperform rating and lowered target prices, but still expect a further upside of above 25%. The company is a tech-enabled distributor of building products, marketing its offerings through contractors, distributors, and suppliers. QXO is aggressively pursuing its inorganic growth strategy, aiming to expand its topline to $50 billion within the next decade.