The Invesco QQQ Trust ETF (QQQ), which tracks the performance of the Nasdaq 100 Index (NDX), was up 0.36% in Monday’s pre-market trading on hopes of a potential ceasefire in Iran. Oil prices trended lower on reports of a possible de-escalation in the Middle East.
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New trading tool for APP bullsThe QQQ ETF closed higher by a modest 0.11% on Thursday, as traders assessed the developments related to the U.S.-Iran conflict.
Overall, the QQQ ETF has risen 3.31% over the past five days and is up 38% 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 Moderate Buy. The Street’s average price target of $754.86 for the QQQ ETF implies an upside potential of 29%.
Currently, QQQ’s five holdings with the highest upside potential are:
Currently, QQQ’s top holdings with the highest downside potential are:
Revealingly, QQQ ETF’s Smart Score is seven, implying that this ETF is expected to perform in line with the broader market over the long term.