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QQQ ETF Update, 4/11/2024 
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QQQ ETF Update, 4/11/2024 

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 0.58% in the past 5 days but has risen about 40% over the past year. 

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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 $498.56 implies an upside of about 13.73%.

Currently, QQQ’s five holdings with the highest upside potential are ON Semiconductor (ON), Warner Bros. Discovery (WBD), PDD Holdings (PDD), Biogen (BIIB), and Charter Communications (CHTR).

Meanwhile, its five holdings with the greatest downside potential are Constellation Energy (CEG), Airbnb (ABNB), Paychex (PAYX), Paccar (PCAR), and Fastenal (FAST).

Revealingly, QQQ ETF’s Smart Score is 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. 

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