How is QQQ stock faring? The Invesco QQQ ETF is up 0.68% in the past 5 days and has risen 13% year-to-date.
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 $511.83 implies an upside of about 11%.
Currently, QQQ’s five holdings with the highest upside potential are PDD Holdings (PDD), Warner Bros. Discovery (WBD), MongoDB (MDB), Atlassian (TEAM), and Sirius XM Holdings (SIRI).
Meanwhile, its four holdings with the greatest downside potential are Vertex Pharmaceuticals (VRTX), Qualcomm (QCOM), Moderna (MRNA), and Texas Instruments (TXN).
Revealingly, QQQ ETF’s Smart Score is eight, implying that this ETF is likely to outperform the market.
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