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QQQ ETF Update, 12/9/2024 
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QQQ ETF Update, 12/9/2024 

Story Highlights

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

How is QQQ stock faring? The Invesco QQQ ETF is up 1.2% in the past five days and has risen about 29.12% year-to-date.  

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 $570.03 implies an upside of 8.27%. 

Currently, QQQ’s five holdings with the highest upside potential are Moderna (MRNA), Biogen (BIIB), Micron Technology (MU), Microchip Technology (MCHP), and Regeneron Pharmaceuticals (REGN).

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

Revealingly, QQQ ETF has a Smart Score of seven, implying that this ETF is likely to perform in line with 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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