QQQ ETF Update, 11/1/2024 
Market News

QQQ ETF Update, 11/1/2024 

Story Highlights

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

How is QQQ stock faring? The Invesco QQQ ETF is down 2.67% in the past five days but has risen about 19% year-to-date.  

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 $555.94 implies an upside of 14.9%. 

Currently, QQQ’s five holdings with the highest upside potential are Super Micro Computer (SMCI), Moderna (MRNA), GlobalFoundries (GFS), Micron Technology (MU), and Biogen (BIIB).

Meanwhile, its five holdings with the greatest downside potential are Tesla (TSLA), Airbnb (ABNB), Old Dominion Freight Line (ODFL), Paychex (PAYX), and Marriott International (MAR).

Revealingly, QQQ ETF has a Smart Score of 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  

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