The Invesco QQQ Trust ETF (QQQ), which tracks the performance of the Nasdaq 100 Index (NDX), was up 0.56% in Friday’s pre-market trading on hopes of peace talks between the U.S. and Iran. Also, the benchmark 10-year Treasury note yield fell 3 basis points to about 4.55%. The 30-year bond yield was also down about 3 basis points to nearly 5.07%.
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On Thursday, QQQ rose 0.19%, even as Nvidia (NVDA) stock declined after reporting upbeat Q1 FY27 results.
Overall, the QQQ ETF has risen 0.74% in the past five trading sessions and is up about 39% over the past year.
QQQ’s Key Holdings with Highest Upside/Downside Potential
According to TipRanks’ unique ETF analyst consensus, which is based on a weighted average of analyst ratings on its holdings, QQQ is a Strong Buy. The Street’s average price target of $817.32 for the QQQ ETF implies an upside potential of 14.3%.
Currently, QQQ’s five holdings with the highest upside potential are:
Currently, QQQ’s top holdings with the highest downside potential are:
Revealingly, the QQQ ETF’s Smart Score is eight, implying that this ETF is expected to outperform the broader market over the long term.