The Invesco QQQ Trust ETF (QQQ), which tracks the performance of the Nasdaq 100 Index (NDX), fell 0.15% on Tuesday as investors digested key earnings. Notably, JPMorgan Chase (JPM) reported lower-than-expected investment banking revenues.
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Meanwhile, QQQ was down 0.49% in Wednesday’s pre-market trading, after Wells Fargo (WFC) reported weaker-than-expected Q4 2025 revenue. Investors also await December’s producer price index (PPI).
Overall, the QQQ ETF has risen 1.31% over the past five days and is up about 24.2% in 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 Moderate Buy. The Street’s average price target of $742.05 for the QQQ ETF implies an upside potential of about 18.5%.
Currently, QQQ’s five holdings with the highest upside potential are:
- Strategy (MSTR)
- Atlassian Corporation (TEAM)
- Datadog (DDOG)
- Arm Holdings (ARM)
- Thomson Reuters (TRI)
Meanwhile, its top holdings with the greatest downside potential are:
- Warner Bros. Discovery (WBD)
- Intel (INTC)
- Western Digital Corporation (WDC)
- Tesla (TSLA)
- Lam Research (LRCX)
Revealingly, QQQ ETF’s Smart Score is eight, implying that this ETF is expected to outperform the broader market over the long term.
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