The Invesco QQQ Trust ETF (QQQ), which tracks the performance of the Nasdaq 100 Index (NDX), was down 0.11% in Friday’s pre-market trading. Notably, chipmaker Intel (INTC) issued a disappointing outlook for the first quarter of 2026.
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On Thursday, the QQQ ETF gained 0.73% amid easing tariff tensions and geopolitical risks after U.S. President Donald Trump called off his tariff threats on imports from eight European nations, set to start on February 1, over the Greenland situation.
Overall, the QQQ ETF has declined 0.43% over the past five days, but is up about 16.4% 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 $743.61 for the QQQ ETF implies an upside potential of about 20%.
Currently, QQQ’s five holdings with the highest upside potential are:
Meanwhile, its top holdings with the greatest downside potential are:
- Intel (INTC)
- Tesla (TSLA)
- Warner Bros. Discovery (WBD)
- Western Digital Corporation (WDC)
- Old Dominion Freight Line (ODFL)
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.
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