The Invesco QQQ Trust ETF (QQQ), which tracks the performance of the Nasdaq 100 Index (NDX), was down 0.17% in Friday’s pre-market trading as investors await the Personal Consumption Expenditures (PCE) price index report and a potential key ruling from the Supreme Court on President Donald Trump’s tariffs.
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New trading tool for QQQ bullsMeanwhile, the QQQ ETF declined 0.38% on Thursday. The three major indexes ended lower amid rising geopolitical tensions between the U.S. and Iran.
Overall, the QQQ ETF has declined 1.99% over the past five days, but is up 12.8% 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 $754.42 for the QQQ ETF implies an upside potential of 25%.
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 eight, implying that this ETF has the ability to outperform the broader market.