The Invesco QQQ ETF (QQQ), which tracks the performance of the Nasdaq 100 Index (NDX), gained 0.88% on Tuesday. Major indices ended higher, as investors ignored concerns related to the U.S. attack on Venezuela.
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Meanwhile, QQQ was down 0.11% in Wednesday’s pre-market trading.
Overall, the QQQ ETF has risen 0.50% over the past five days and is up about 20% in 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 $730.18 for the QQQ ETF implies an upside potential of 17.1%.
Currently, QQQ’s five holdings with the highest upside potential are:
- Strategy (MSTR)
- Datadog (DDOG)
- Arm Holdings (ARM)
- Atlassian Corporation (TEAM)
- Thomson Reuters (TRI)
Meanwhile, its top holdings with the greatest downside potential are:
- Versant Media (VSNTV)
- Western Digital Corporation (WDC)
- Warner Bros. Discovery (WBD)
- Lam Research (LRCX)
- Tesla (TSLA)
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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