tiprankstipranks
QQQ ETF Update, 12/23/2024  
Market News

QQQ ETF Update, 12/23/2024  

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 2.68% in the past 5 days but has risen about 26.8% over the past year.  

Don't Miss Our Christmas 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 $582.77 implies an upside of about 12.36%. 

Currently, QQQ’s five holdings with the highest upside potential are Moderna (MRNA), Advanced Micro Devices (AMD), Biogen (BIIB), MongoDB (MDB) and Regeneron Pharmaceuticals (REGN).

Meanwhile, its five holdings with the greatest downside potential are Apple (AAPL), Tesla Motors (TSLA), Super Micro Computer (SMCI), AppLovin (APP), and Netflix (NFLX).

Revealingly, QQQ ETF’s 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
Steve AndersonIntel (NASDAQ:INTC) Narrows Down Altera Buyers
Vince CondarcuriHere Is Why Nvidia (NVDA) Remains a “Top Pick” at Morgan Stanley
Go Ad-Free with Our App