The Invesco QQQ Trust ETF (QQQ), which tracks the performance of the Nasdaq 100 Index (NDX), rose by a modest 0.11% on Thursday amid a volatile trading session. Oil prices surged following U.S. President Donald Trump’s remarks that the Iran war would continue for weeks.
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Overall, the QQQ ETF has declined 0.85% over the past five days, but is up about 30% 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 $753.90 for the QQQ ETF implies an upside potential of 29%.
Currently, QQQ’s five holdings with the highest upside potential are:
Currently, QQQ’s top holdings with the highest 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 over the long term.