The Invesco QQQ ETF (QQQ), which tracks the performance of the Nasdaq 100 Index (NDX), was up about 1% in Friday’s pre-market session, driven by momentum in tech stocks on the first trading day of 2026.
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The QQQ ETF declined 0.83% on Wednesday amid continued worries about the valuations of tech and artificial intelligence (AI) stocks.
Overall, the QQQ ETF has declined 1.35% over the past five days. However, it has risen 20.4% over the past year despite the recent pressures on tech stocks. It is worth noting that QQQ recently converted from a unit investment trust to an open-end fund. Also, it lowered the annual fee to 0.18% from 0.20%.
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 $734.83 for the QQQ ETF implies an upside potential of about 20%.
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 is expected to outperform the broader market over the long term.
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