How is QQQ stock faring? The Invesco QQQ ETF is up 1.44% over the past five days and 9.29% year-to-date.
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According to TipRanks’ unique ETF analyst consensus, which is based on a weighted average of its holdings’ analyst ratings, QQQ is a Moderate Buy. The Street’s average price target for QQQ of $599.34 implies an upside of 6.68%.
Currently, QQQ’s five holdings with the highest upside potential are AppLovin (APP), Atlassian Corporation (TEAM), Diamondback Energy (FANG), Adobe Systems (ADBE), and Regeneron Pharmaceuticals (REGN).
Meanwhile, its five holdings with the greatest downside potential are Palantir Technologies (PLTR), Advanced Micro Devices (AMD), KLA Corporation (KLAC), Texas Instruments (TXN), and On Semiconductor (ON).
Revealingly, QQQ ETF’s Smart Score is seven, implying that this ETF is likely to perform in line with the market.
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