The Invesco QQQ ETF (QQQ), which tracks the performance of the Nasdaq 100 Index (NDX), was up 0.67% in Monday’s pre-market trading. The QQQ ETF declined 0.19% on Friday, as tech and artificial intelligence (AI) stocks remained under pressure amid valuation concerns.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Overall, the QQQ ETF has declined by 1.18% over the past five days. However, it has risen about 17% 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 $735.12 for the QQQ ETF implies an upside potential of about 20%.
Currently, QQQ’s five holdings with the highest upside potential are:
- Strategy (MSTR)
- Datadog (DDOG)
- Atlassian Corporation (TEAM)
- Thomson Reuters (TRI)
- Arm Holdings (ARM)
Meanwhile, its top holdings with the greatest downside potential are:
- Warner Bros. Discovery (WBD)
- Tesla (TSLA)
- Marriott International (MAR)
- Lam Research (LRCX)
- Intel (INTC)
Revealingly, QQQ ETF’s Smart Score is eight, implying that this ETF is expected to outperform the broader market over the long term.
Power up your ETF investing with TipRanks. Discover the Best AI ETFs, carefully curated based on TipRanks’ analysis.