How has the Invesco QQQ ETF been faring recently? The QQQ stock has experienced a 0.99% decrease over the past 5 days, yet it has shown a substantial increase of about 27.9% over the last year.
Based on the unique ETF analyst consensus provided by TipRanks, a weighted average of its holdings’ analyst ratings, QQQ is currently regarded as a Moderate Buy. The average price target set by analysts on the Street stands at $510.83, indicating a potential upside of 13.34%.
The top five holdings within the QQQ ETF with the most promising upside potential include MongoDB (MDB), Warner Bros. Discovery (WBD), Atlassian Corporation (TEAM), Illumina (ILMN), and PDD Holdings (PDD).
Conversely, the five holdings within the QQQ ETF with the highest downside potential comprise Texas Instruments (TXN), Moderna (MRNA), Qualcomm (QCOM), and Tesla (TSLA).
A key insight reveals that the QQQ ETF’s Smart Score is an impressive eight, indicating a likelihood of outperforming the broader market.
To enhance your ETF investment strategy, consider exploring the Top Equity ETFs with High Upside Potential curated by TipRanks’ analysis.