How is QQQ stock faring? The Invesco QQQ ETF is up by just 0.01% in the past five days, but has risen 15.9% 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 $546.81 implies an upside of 15.5%.
Currently, QQQ’s five holdings with the highest upside potential are Micron Technology (MU), PDD Holdings (PDD), Dexcom (DXCM), GlobalFoundries (GFS), and ASML Holding N.V. (ASML).
Meanwhile, its five holdings with downside potential are Tesla (TSLA), Paychex (PAYX), American Electric Power (AEP), Cintas (CTAS), and Fortinet (FTNT).
Revealingly, QQQ ETF’s Smart Score is eight, implying that this ETF is likely to outperform the market.
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