The Invesco QQQ Trust ETF (QQQ), which tracks the performance of the Nasdaq 100 Index (NDX), was up 0.62% in Wednesday’s pre-market trading as investors assessed the U.S.-Iran conflict. Treasury Secretary Scott Bessent assured that the U.S. will make announcements to support the flow of oil through the Middle East.
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Forget margin or options. Here's how the pros trade QQQMeanwhile, the QQQ ETF fell 1.07% on Tuesday amid concerns about the escalating U.S.-Israel war on Iran.
Overall, the QQQ ETF has declined 0.86% 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 Moderate Buy. The Street’s average price target of $759.81 for the QQQ ETF implies an upside potential of 26.3%.
Currently, QQQ’s five holdings with the highest upside potential are:
- Strategy (MSTR)
- Atlassian Corporation (TEAM)
- Datadog (DDOG)
- Adobe Systems (ADBE)
- MercadoLibre (MELI)
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 perform in line with the broader market.