How is QQQ stock faring? The Invesco QQQ ETF has risen by a modest 0.1% over the past five days and is up 11.9% year-to-date.
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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 $645.79 for the QQQ ETF implies an upside potential of 13.2%.
Currently, QQQ’s five holdings with the highest upside potential are Strategy (MSTR), Charter Communications (CHTR), Atlassian Corporation (TEAM), Marvell Technology (MRVL), and The Trade Desk (TTD).
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 seven, implying that this ETF is likely to perform in line with the broader market.
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