How is QQQ stock faring? The Invesco QQQ ETF is up 0.35% in the past 5 days and has risen about 14% 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 $542.05 implies an upside of 16.85%.
Currently, QQQ’s five holdings with the highest upside potential are PDD Holdings (PDD), Dexcom (DXCM), Micron Technology (MU), Lululemon Athletica (LULU), and Warner Bros. Discovery (WBD).
Meanwhile, its five holdings with the greatest downside potential are Tesla (TSLA), ARM Holdings (ARM), Verisk Analytics (VRSK), Charter Communications (CHTR), and American Electric Power (AEP).
Revealingly, QQQ ETF’s Smart Score is eight, implying that this ETF is likely to outperform the market.
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