The Invesco QQQ ETF (QQQ) closed 0.08% lower on Wednesday, as investors shifted from tech stocks to value stocks, including those in the healthcare sector. In Thursday’s pre-market trading, the QQQ ETF, which tracks the performance of the Nasdaq 100 Index (NDX), trended lower by 0.18% despite the end of the longest government shutdown.
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Overall, the QQQ ETF has declined 0.11% over the past five days, but is up 22% 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 $714.36 for the QQQ ETF implies an upside potential of about 15%.
Currently, QQQ’s five holdings with the highest upside potential are Strategy (MSTR), Atlassian Corporation (TEAM), DoorDash (DASH), The Trade Desk (TTD), and Dexcom (DXCM).
Meanwhile, its five holdings with the greatest downside potential are Tesla (TSLA), Micron Technology (MU), Intel (INTC), Applied Materials (AMAT), and CrowdStrike Holdings (CRWD).
Revealingly, QQQ ETF’s Smart Score is eight, implying that this ETF is likely to outperform the broader market.
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