How is QQQ stock faring? The Invesco QQQ ETF is up 1.2% in the past five days and has risen about 29.12% year-to-date.
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According to TipRanks’ unique ETF analyst consensus, determined based on a weighted average of its holdings’ analyst ratings, QQQ is a Moderate Buy. The Street’s average price target of $570.03 implies an upside of 8.27%.
Currently, QQQ’s five holdings with the highest upside potential are Moderna (MRNA), Biogen (BIIB), Micron Technology (MU), Microchip Technology (MCHP), and Regeneron Pharmaceuticals (REGN).
Meanwhile, its five holdings with the greatest downside potential are Tesla (TSLA), AppLovin (APP), Super Micro Computer (SMCI), Netflix (NFLX), and Cintas (CTAS).
Revealingly, QQQ ETF has a Smart Score of seven, implying that this ETF is likely to perform in line with the market.
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