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QQQ ETF Update, 8/15/2024 
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QQQ ETF Update, 8/15/2024 

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 2.44% in the past five days and has risen about 13.29% 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 $544.40 implies an upside of 17.65%. 

Currently, QQQ’s five holdings with the highest upside potential are Micron Technology (MU), Moderna (MRNA), Lululemon Athletica (LULU), Warner Bros. (WBD), and Dexcom (DXCM).

Meanwhile, its three holdings with downside potential are Fortinet (FTNT), American Electric Power (AEP), and Paychex (PAYX).

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.  

Disclosure  

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