How is QQQ stock faring? The Invesco QQQ ETF is down 1% in the past 5 days but has risen about 18% year-to-date.
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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 $547.86 implies an upside of about 13.68%.
Currently, QQQ’s five holdings with the highest upside potential are Moderna (MRNA), Super Micro Computer (SMCI), ASML Holding N.V. (ASML), Micron (MU), and Biogen (BIIB).
Meanwhile, its five holdings with downside potential are Tesla (TSLA), Paychex (PAYX), Fortinet (FTNT), Automatic Data Processing (ADP), and Fastenal Company (FAST).
Revealingly, QQQ ETF’s Smart Score is eight, implying that this ETF is likely to outperform the market.
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