The Invesco QQQ Trust ETF (QQQ), which tracks the performance of the Nasdaq 100 Index (NDX), was up 0.17% in Thursday’s pre-market trading as investors assessed Alphabet’s (GOOGL) Q4 2025 earnings. While Google’s parent company exceeded the Street’s Q4 expectations, GOOGL stock was down due to elevated capital spending plans.
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On Wednesday, the QQQ ETF plunged 1.75% amid continued pressure on technology stocks.
Overall, the QQQ ETF has declined 3.62% over the past five days, but is up 15% 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 $768.40 for the QQQ ETF implies an upside potential of 27%.
Currently, QQQ’s five holdings with the highest upside potential are:
- Strategy (MSTR)
- Atlassian Corporation (TEAM)
- AppLovin (APP)
- Axon Enterprise (AXON)
- Thomson Reuters (TRI)
Meanwhile, its top holdings with the greatest downside potential are:
- Old Dominion Freight Line (ODFL)
- Fastenal (FAST)
- Warner Bros. Discovery (WBD)
- Paccar (PCAR)
- Gilead Sciences (GILD)
Revealingly, QQQ ETF’s Smart Score is seven, implying that this ETF is expected to be in line with the broader market.
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