The Invesco QQQ Trust ETF (QQQ), which tracks the performance of the Nasdaq 100 Index (NDX), was down 0.23% in Friday’s pre-market trading, ahead of January’s Consumer Price Index (CPI) report.On Thursday, the QQQ ETF fell 2.03% amid concerns about artificial intelligence (AI) disruption. All three major indexes ended in the red yesterday.
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Trade APP with leverageOverall, the QQQ ETF has declined 1.97% over the past five days, but is up 14.4% 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 $770.14 for the QQQ ETF implies an upside potential of 28.2%.
Currently, QQQ’s five holdings with the highest upside potential are:
Meanwhile, its top holdings with the greatest downside potential are:
Revealingly, QQQ ETF’s Smart Score is seven, implying that this ETF is expected to be in line with the broader market.