tiprankstipranks
QQQ ETF Update, 1/16/2024 
Market News

QQQ ETF Update, 1/16/2024 

How is QQQ stock faring? The Invesco QQQ ETF is down 0.26% in the past 5 days but has risen about 46.48% over the past year. 

Don't Miss our Black Friday Offers:

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 $444.03 implies an upside of about 8%.

Currently, QQQ’s five holdings with the highest upside potential are Synopsys (SNPS), Warner Bros. Discovery (WBD), Baker Hughes Company (BKR), Charter Communications (CHTR), and Biogen (BIIB). Its five holdings with the greatest downside potential are Amgen (AMGN), Ansys (ANSS), Vertex Pharmaceuticals (VRTX), Atlassian (TEAM), and Intuitive Surgical (ISRG).  

Revealingly, QQQ’s ETF Smart Score is eight, implying that this ETF is likely to outperform the market.  

Power up your ETF investing with TipRanks. Discover the Top Equity ETFs with High Upside Potential, carefully curated based on TipRanks’ analysis. 

Disclosure 

Related Articles
TheFlyBaker Hughes expands Namibian presence with liquid mud plant
TheFlyBaker Hughes reports U.S. rig count down 1 to 584 rigs
TheFlyBaker Hughes reports U.S. rig count down 1 to 584 rigs
Go Ad-Free with Our App