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QQQ ETF Update, 1/5/2024 
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QQQ ETF Update, 1/5/2024 

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Here’s a quick look at Invesco QQQ Trust ETF’s performance.

How is QQQ stock faring? The Invesco QQQ ETF is down 2.2% in the past 5 days but has risen about 53% over the past year. 

Pick the best stocks and maximize your portfolio:

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 $441.37 implies an upside of about 11%.

Currently, QQQ’s five holdings with the highest upside potential are Synopsys (SNPS), Warner Bros. Discovery (WBD), MongoDB (MDB), Amazon (AMZN), and Nvidia (NVDA). Its five holdings with the greatest downside potential are Intel (INTC), Ansys (ANSS), Amgen (AMGN), Atlassian (TEAM), and Texas Instruments (TXN).  

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

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