The Invesco QQQ ETF (QQQ) was up 0.20% on Tuesday amid a mixed trading session. The Dow Jones Industrial Average (DJIA) and S&P 500 (SPX) declined 0.62% and 0.24%, respectively, while the Nasdaq Composite gained 0.23%, ending a three-day losing streak amid concerns about an artificial intelligence (AI) bubble.
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In Wednesday’s pre-market trading, the QQQ ETF, which tracks the performance of the Nasdaq 100 Index (NDX), advanced 0.47% as investors digested key economic readings.
Overall, the QQQ ETF has declined 2.59% over the past five days and is up about 20% year-to-date.
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 $734.48 for the QQQ ETF implies an upside potential of about 20.1%.
Currently, QQQ’s five holdings with the highest upside potential are:
- Strategy (MSTR)
- The Trade Desk (TTD)
- Datadog (DDOG)
- Atlassian Corporation (TEAM)
- Thomson Reuters (TRI)
Meanwhile, its five holdings with the greatest downside potential are:
- Warner Bros. Discovery (WBD)
- Tesla (TSLA)
- Paccar (PCAR)
- Lululemon Athletica (LULU)
- Marriott International (MAR)
Revealingly, QQQ ETF’s Smart Score is seven, implying that this ETF is expected to perform in line with the broader market.
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