How is QQQ stock faring? The Invesco QQQ ETF has risen 1.79% over the past five days and is up 12.5% year-to-date.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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 $644.06 for the QQQ ETF implies an upside potential of 12.3%.
Currently, QQQ’s five holdings with the highest upside potential are Strategy (MSTR), Charter Communications (CHTR), Atlassian Corporation (TEAM), The Trade Desk (TTD), and Adobe Systems (ADBE).
Meanwhile, its top holdings with the greatest downside potential are Intel (INTC), Tesla (TSLA), Fastenal (FAST), and Palantir Technologies (PLTR).
Revealingly, QQQ ETF’s Smart Score is eight, implying that this ETF is likely to outperform the broader market.
Power up your ETF investing with TipRanks. Discover the Top Equity ETFs with High Upside Potential, carefully curated based on TipRanks’ analysis.