The Invesco QQQ Trust ETF (QQQ), which tracks the performance of the Nasdaq 100 Index (NDX), was up 0.78% in Monday’s pre-market trading after major indexes closed in the red last week due to the escalating U.S.-Iran war.
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Trade QQQ with leverageOn Friday, the QQQ ETF fell 0.59% as tensions in the Middle East and surging oil prices continued to impact investor sentiment.
Overall, the QQQ ETF has declined 0.28% over the past five days, but is up about 23% 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 $754.80 for the QQQ ETF implies an upside potential of about 27.1%.
Currently, QQQ’s five holdings with the highest upside potential are:
Revealingly, QQQ ETF’s Smart Score is seven, implying that this ETF is expected to perform in line with the broader market.