The Invesco QQQ Trust ETF (QQQ), which tracks the performance of the Nasdaq 100 Index (NDX), was down 0.75% in Tuesday’s pre-market trading on fading hopes of an agreement between the U.S. and Iran regarding the reopening of the Strait of Hormuz.
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New trading tool for QQQ bullsThe QQQ ETF gained 0.60% on Monday as investors continued to assess the developments related to the U.S.-Iran conflict.
Overall, the QQQ ETF has risen 3.91% over the past five days and is up 38.1% over the past year.
QQQ’s Key Holdings with Highest Upside/Downside Potential
According to TipRanks’ unique ETF analyst consensus, which is based on a weighted average of analyst ratings on its holdings, QQQ is a Strong Buy. The Street’s average price target of $755.90 for the QQQ ETF implies an upside potential of 28.4%.
Currently, QQQ’s five holdings with the highest upside potential are:
- Booking Holdings (BKNG)
- Atlassian Corporation (TEAM)
- Strategy (MSTR)
- Axon Enterprise (AXON)
- Zscaler (ZS)
Currently, QQQ’s top holdings with the highest downside potential are:
Revealingly, QQQ ETF’s Smart Score is seven, implying that this ETF is expected to perform in line with the broader market over the long term.